TICC Capital Corp. (TICC) COO Saul B. Rosenthal Acquires 4,889 Shares

TICC Capital Corp. (NASDAQ:TICC) COO Saul B. Rosenthal acquired 4,889 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $5.54 per share, with a total value of $27,085.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Saul B. Rosenthal also recently made the following trade(s):

  • On Monday, February 12th, Saul B. Rosenthal acquired 7,360 shares of TICC Capital stock. The shares were bought at an average cost of $5.51 per share, with a total value of $40,553.60.
  • On Wednesday, December 20th, Saul B. Rosenthal acquired 8,086 shares of TICC Capital stock. The shares were bought at an average cost of $5.83 per share, with a total value of $47,141.38.
  • On Monday, December 18th, Saul B. Rosenthal acquired 31,161 shares of TICC Capital stock. The shares were bought at an average cost of $5.81 per share, with a total value of $181,045.41.
  • On Friday, December 15th, Saul B. Rosenthal acquired 8,498 shares of TICC Capital stock. The shares were bought at an average cost of $5.84 per share, with a total value of $49,628.32.
  • On Wednesday, December 13th, Saul B. Rosenthal acquired 4,445 shares of TICC Capital stock. The shares were bought at an average cost of $5.94 per share, with a total value of $26,403.30.
  • On Monday, December 11th, Saul B. Rosenthal acquired 450 shares of TICC Capital stock. The shares were bought at an average cost of $6.10 per share, with a total value of $2,745.00.
  • On Tuesday, November 21st, Saul B. Rosenthal acquired 1,050 shares of TICC Capital stock. The shares were bought at an average cost of $6.09 per share, with a total value of $6,394.50.
  • On Wednesday, November 15th, Saul B. Rosenthal bought 8,485 shares of TICC Capital stock. The shares were acquired at an average price of $6.03 per share, with a total value of $51,164.55.

Shares of TICC Capital Corp. (TICC) traded up $0.06 during midday trading on Monday, reaching $5.52. 202,336 shares of the company traded hands, compared to its average volume of 282,306. The company has a debt-to-equity ratio of 0.41, a current ratio of 19.74 and a quick ratio of 19.74. The company has a market capitalization of $284.17, a price-to-earnings ratio of 5.26, a price-to-earnings-growth 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.

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

Several analysts recently issued reports on the stock. ValuEngine upgraded shares of TICC Capital from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of TICC Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. BidaskClub upgraded shares of TICC Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 7th. National Securities upgraded shares of TICC Capital from a “sell” rating to a “neutral” rating and cut their target price for the company from $6.00 to $5.00 in a research 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 research report on Monday, November 6th. Four analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. TICC Capital currently has an average rating of “Hold” and a consensus target price of $5.83.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ramsey Quantitative Systems bought a new stake in TICC Capital during the fourth quarter valued at approximately $103,000. Wedbush Securities Inc. boosted its position in shares of TICC Capital by 82.8% in the fourth quarter. Wedbush Securities Inc. now owns 27,600 shares of the investment management company’s stock worth $158,000 after purchasing an additional 12,500 shares during the period. Aperio Group LLC boosted its position in shares of TICC Capital by 239.8% in the third quarter. Aperio Group LLC now owns 34,789 shares of the investment management company’s stock worth $238,000 after purchasing an additional 24,550 shares during the period. Cowen Inc. bought a new position in shares of TICC Capital in the third quarter worth approximately $262,000. Finally, Virtu KCG Holdings LLC boosted its position in shares of TICC Capital by 90.8% in the second quarter. Virtu KCG Holdings LLC now owns 40,996 shares of the investment management company’s stock worth $260,000 after purchasing an additional 19,510 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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