TICC Capital Corp. (TICC) CEO Jonathan H. Cohen Purchases 4,301 Shares

TICC Capital Corp. (NASDAQ:TICC) CEO Jonathan H. Cohen purchased 4,301 shares of the stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $23,655.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Monday, February 12th, Jonathan H. Cohen purchased 16,550 shares of TICC Capital stock. The shares were purchased at an average cost of $5.51 per share, for a total transaction of $91,190.50.
  • On Thursday, December 21st, Jonathan H. Cohen purchased 14,823 shares of TICC Capital stock. The shares were purchased at an average cost of $5.83 per share, for a total transaction of $86,418.09.
  • On Tuesday, December 19th, Jonathan H. Cohen purchased 40,260 shares of TICC Capital stock. The shares were purchased at an average cost of $5.82 per share, for a total transaction of $234,313.20.
  • On Tuesday, December 12th, Jonathan H. Cohen purchased 22,737 shares of TICC Capital stock. The shares were purchased at an average cost of $6.08 per share, for a total transaction of $138,240.96.
  • On Wednesday, November 22nd, Jonathan H. Cohen acquired 1,070 shares of TICC Capital stock. The stock was bought at an average price of $6.09 per share, for a total transaction of $6,516.30.
  • On Wednesday, November 15th, Jonathan H. Cohen acquired 25,529 shares of TICC Capital stock. The stock was bought at an average price of $6.02 per share, for a total transaction of $153,684.58.

Shares of TICC Capital Corp. (NASDAQ:TICC) traded up $0.06 on Monday, reaching $5.52. 202,336 shares of the company traded hands, compared to its average volume of 282,306. The stock has a market cap of $284.17, a price-to-earnings ratio of 5.26, a P/E/G ratio of 1.79 and a beta of 0.55. TICC Capital Corp. has a 12-month low of $5.15 and a 12-month high of $8.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 19.74 and a current ratio of 19.74.

TICC Capital announced that its Board of Directors has initiated a share buyback program on Tuesday, February 6th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the investment management company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Several brokerages recently issued reports on TICC. ValuEngine upgraded shares of TICC Capital from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research lowered shares of TICC Capital from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. BidaskClub upgraded shares of TICC Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 7th. National Securities upgraded shares of TICC Capital from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $6.00 to $5.00 in a report on Monday, November 6th. Finally, Ladenburg Thalmann Financial Services upgraded shares of TICC Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Four research 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. TICC Capital has an average rating of “Hold” and an average target price of $5.83.

A number of large investors have recently modified their holdings of TICC. Arrowstreet Capital Limited Partnership increased its stake in TICC Capital by 94.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 601,776 shares of the investment management company’s stock worth $3,454,000 after purchasing an additional 291,978 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in TICC Capital by 444.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 126,523 shares of the investment management company’s stock worth $802,000 after purchasing an additional 103,270 shares during the period. GSA Capital Partners LLP increased its stake in TICC Capital by 75.5% during the third quarter. GSA Capital Partners LLP now owns 210,900 shares of the investment management company’s stock worth $1,445,000 after purchasing an additional 90,700 shares during the period. Macquarie Group Ltd. purchased a new stake in TICC Capital during the third quarter worth about $581,000. Finally, Bank of Montreal Can increased its stake in TICC Capital by 21.5% during the fourth quarter. Bank of Montreal Can now owns 458,000 shares of the investment management company’s stock worth $2,629,000 after purchasing an additional 81,000 shares during the period. Institutional investors own 15.81% of the company’s stock.

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TICC Capital Company Profile

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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