Insider Buying: TICC Capital Corp. (TICC) COO Acquires 12,916 Shares of Stock

TICC Capital Corp. (NASDAQ:TICC) COO Saul B. Rosenthal bought 12,916 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were bought at an average cost of $6.02 per share, for a total transaction of $77,754.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, November 15th, Saul B. Rosenthal bought 8,485 shares of TICC Capital Corp. stock. The shares were bought at an average cost of $6.03 per share, for a total transaction of $51,164.55.
  • On Wednesday, November 8th, Saul B. Rosenthal bought 5,835 shares of TICC Capital Corp. stock. The shares were bought at an average cost of $5.99 per share, for a total transaction of $34,951.65.
  • On Monday, November 6th, Saul B. Rosenthal bought 26,431 shares of TICC Capital Corp. stock. The shares were bought at an average cost of $5.85 per share, for a total transaction of $154,621.35.
  • On Wednesday, August 30th, Saul B. Rosenthal bought 9,682 shares of TICC Capital Corp. stock. The shares were bought at an average cost of $6.68 per share, for a total transaction of $64,675.76.
  • On Friday, August 25th, Saul B. Rosenthal bought 7,650 shares of TICC Capital Corp. stock. The shares were bought at an average cost of $6.69 per share, for a total transaction of $51,178.50.
  • On Tuesday, August 22nd, Saul B. Rosenthal bought 10,021 shares of TICC Capital Corp. stock. The shares were bought at an average cost of $6.66 per share, for a total transaction of $66,739.86.

TICC Capital Corp. (NASDAQ:TICC) traded up $0.09 during trading hours on Wednesday, reaching $6.05. The company had a trading volume of 209,300 shares, compared to its average volume of 329,800. The firm has a market capitalization of $311.45, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66. TICC Capital Corp. has a 52-week low of $5.17 and a 52-week high of $8.19. The company has a quick ratio of 19.74, a current ratio of 19.74 and a debt-to-equity ratio of 0.41.

TICC Capital Corp. (NASDAQ:TICC) last posted its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). The business had revenue of $14.50 million for the quarter, compared to analyst estimates of $15.97 million. TICC Capital Corp. had a net margin of 94.98% and a return on equity of 7.64%. The firm’s quarterly revenue was down 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. sell-side analysts anticipate that TICC Capital Corp. will post 0.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 13.22%. The ex-dividend date is Thursday, December 14th. TICC Capital Corp.’s payout ratio is 76.19%.

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TICC has been the topic of a number of recent analyst reports. TheStreet raised TICC Capital Corp. from a “c+” rating to a “b” rating in a research report on Thursday, September 7th. BidaskClub lowered TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. ValuEngine lowered TICC Capital Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. National Securities reaffirmed a “sell” rating and set a $6.00 target price on shares of TICC Capital Corp. in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered TICC Capital Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.50.

A number of large investors have recently bought and sold shares of TICC. Legal & General Group Plc raised its position in TICC Capital Corp. by 4.5% during the first quarter. Legal & General Group Plc now owns 120,128 shares of the investment management company’s stock valued at $886,000 after buying an additional 5,210 shares during the period. Morgan Stanley raised its position in TICC Capital Corp. by 7.9% during the first quarter. Morgan Stanley now owns 334,494 shares of the investment management company’s stock valued at $2,468,000 after buying an additional 24,554 shares during the period. KCG Holdings Inc. raised its position in TICC Capital Corp. by 66.5% during the first quarter. KCG Holdings Inc. now owns 21,486 shares of the investment management company’s stock valued at $159,000 after buying an additional 8,578 shares during the period. Tudor Investment Corp ET AL raised its position in TICC Capital Corp. by 8.8% during the first quarter. Tudor Investment Corp ET AL now owns 33,287 shares of the investment management company’s stock valued at $246,000 after buying an additional 2,689 shares during the period. Finally, Bank of Montreal Can acquired a new position in TICC Capital Corp. during the second quarter valued at $2,390,000. 17.26% of the stock is currently owned by hedge funds and other institutional investors.

About TICC Capital Corp.

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 Corp. (NASDAQ:TICC)

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