TICC Capital Corp. (NASDAQ:TICC) has earned an average rating of “Sell” from the six research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.00.
Several brokerages recently commented on TICC. National Securities reaffirmed a “sell” rating and set a $6.00 price objective on shares of TICC Capital Corp. in a research note on Monday, August 14th. TheStreet raised shares of TICC Capital Corp. from a “c+” rating to a “b” rating in a research note on Thursday, September 7th. BidaskClub cut shares of TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of TICC Capital Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Barclays PLC reaffirmed a “sell” rating and set a $6.00 price objective on shares of TICC Capital Corp. in a research note on Wednesday, May 24th.
In related news, CEO Jonathan H. Cohen purchased 5,077 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average price of $6.67 per share, with a total value of $33,863.59. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Saul B. Rosenthal purchased 9,682 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was bought at an average cost of $6.68 per share, with a total value of $64,675.76. The disclosure for this purchase can be found here. In the last three months, insiders acquired 63,371 shares of company stock valued at $422,090. Corporate insiders own 5.90% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Muzinich & Co. Inc. grew its stake in TICC Capital Corp. by 629.5% in the 1st quarter. Muzinich & Co. Inc. now owns 1,439,532 shares of the investment management company’s stock worth $10,624,000 after buying an additional 1,242,211 shares in the last quarter. UBS Group AG grew its stake in TICC Capital Corp. by 20.4% in the 1st quarter. UBS Group AG now owns 1,399,942 shares of the investment management company’s stock worth $10,332,000 after buying an additional 237,193 shares in the last quarter. Van ECK Associates Corp grew its stake in TICC Capital Corp. by 6.7% in the 2nd quarter. Van ECK Associates Corp now owns 419,844 shares of the investment management company’s stock worth $2,662,000 after buying an additional 26,181 shares in the last quarter. Bank of Montreal Can purchased a new position in TICC Capital Corp. in the 2nd quarter worth approximately $2,390,000. Finally, Morgan Stanley grew its stake in TICC Capital Corp. by 7.9% in the 1st quarter. Morgan Stanley now owns 334,494 shares of the investment management company’s stock worth $2,468,000 after buying an additional 24,554 shares in the last quarter. 17.45% of the stock is owned by institutional investors and hedge funds.
TICC Capital Corp. (TICC) traded down 0.30% during mid-day trading on Wednesday, hitting $6.61. 241,146 shares of the company traded hands. The firm has a 50 day moving average of $6.69 and a 200 day moving average of $7.01. The firm has a market capitalization of $340.28 million, a P/E ratio of 3.73 and a beta of 0.67. TICC Capital Corp. has a one year low of $5.51 and a one year high of $8.19.
TICC Capital Corp. (NASDAQ:TICC) last issued its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $17.01 million for the quarter, compared to analysts’ expectations of $14.60 million. TICC Capital Corp. had a net margin of 142.50% and a return on equity of 7.50%. During the same period in the prior year, the firm posted $0.32 EPS. Equities research analysts expect that TICC Capital Corp. will post $0.61 earnings per share for the current fiscal year.
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TICC Capital Corp. 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.
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