Jonathan H. Cohen Purchases 16,550 Shares of TICC Capital Corp. (TICC) Stock

TICC Capital Corp. (NASDAQ:TICC) CEO Jonathan H. Cohen acquired 16,550 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $5.51 per share, with a total value of $91,190.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jonathan H. Cohen also recently made the following trade(s):

  • On Friday, February 9th, Jonathan H. Cohen acquired 4,301 shares of TICC Capital stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $23,655.50.
  • On Thursday, December 21st, Jonathan H. Cohen acquired 14,823 shares of TICC Capital stock. The stock was purchased at an average cost of $5.83 per share, with a total value of $86,418.09.
  • On Tuesday, December 19th, Jonathan H. Cohen acquired 40,260 shares of TICC Capital stock. The stock was purchased at an average cost of $5.82 per share, with a total value of $234,313.20.
  • On Tuesday, December 12th, Jonathan H. Cohen acquired 22,737 shares of TICC Capital stock. The stock was purchased at an average cost of $6.08 per share, with a total value of $138,240.96.
  • On Wednesday, November 22nd, Jonathan H. Cohen acquired 1,070 shares of TICC Capital stock. The stock was purchased at an average cost of $6.09 per share, with a total value of $6,516.30.
  • On Wednesday, November 15th, Jonathan H. Cohen acquired 25,529 shares of TICC Capital stock. The stock was purchased at an average cost of $6.02 per share, with a total value of $153,684.58.

TICC Capital Corp. (TICC) traded up $0.06 during trading hours on Monday, hitting $5.52. The stock had a trading volume of 202,336 shares, compared to its average volume of 282,306. The company has a market capitalization of $284.17, a price-to-earnings ratio of 5.26, a PEG ratio of 1.79 and a beta of 0.55. TICC Capital Corp. has a 52 week low of $5.15 and a 52 week high of $8.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 19.74 and a quick ratio of 19.74.

TICC Capital declared that its board has approved a stock buyback plan on Tuesday, February 6th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the investment management company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Large investors have recently bought and sold shares of the company. Ramsey Quantitative Systems bought a new position in shares of TICC Capital during the fourth quarter valued at approximately $103,000. Wedbush Securities Inc. grew its holdings in shares of TICC Capital by 82.8% during the fourth quarter. Wedbush Securities Inc. now owns 27,600 shares of the investment management company’s stock valued at $158,000 after purchasing an additional 12,500 shares during the last quarter. Aperio Group LLC grew its holdings in shares of TICC Capital by 239.8% during the third quarter. Aperio Group LLC now owns 34,789 shares of the investment management company’s stock valued at $238,000 after purchasing an additional 24,550 shares during the last quarter. Cowen Inc. bought a new position in TICC Capital in the 3rd quarter worth approximately $262,000. Finally, Virtu KCG Holdings LLC grew its holdings in TICC Capital by 90.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 40,996 shares of the investment management company’s stock worth $260,000 after buying an additional 19,510 shares in the last quarter. 15.81% of the stock is owned by institutional investors.

TICC has been the subject of several research analyst reports. ValuEngine raised TICC Capital from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Ladenburg Thalmann Financial Services raised TICC Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Zacks Investment Research lowered TICC Capital from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. National Securities raised TICC Capital from a “sell” rating to a “neutral” rating and lowered their target price for the company from $6.00 to $5.00 in a report on Monday, November 6th. Finally, BidaskClub raised TICC Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.83.

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About TICC Capital

TICC Capital Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its portfolio’s total return. The Company primarily focuses on seeking current income by investing primarily in corporate debt securities. The Company’s debt investments may include syndicated loans and bilateral loans.

Insider Buying and Selling by Quarter for TICC Capital (NASDAQ:TICC)

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