TICC Capital Corp. (TICC) CEO Purchases $234,313.20 in Stock

TICC Capital Corp. (NASDAQ:TICC) CEO Jonathan H. Cohen acquired 40,260 shares of TICC Capital stock in a transaction on Tuesday, December 19th. The stock was purchased at an average cost of $5.82 per share, with a total value of $234,313.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • 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 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 bought 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.
  • On Wednesday, November 8th, Jonathan H. Cohen bought 53,316 shares of TICC Capital stock. The stock was bought at an average price of $5.92 per share, for a total transaction of $315,630.72.

Shares of TICC Capital Corp. (NASDAQ:TICC) traded up $0.03 during trading on Friday, reaching $5.66. The company had a trading volume of 243,385 shares, compared to its average volume of 286,067. The company has a market capitalization of $291.37, a price-to-earnings ratio of 5.39, a P/E/G ratio of 1.92 and a beta of 0.65. TICC Capital Corp. has a 1-year low of $5.17 and a 1-year 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 (NASDAQ:TICC) last issued its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The business had revenue of $14.50 million for the quarter, compared to the consensus estimate of $15.97 million. TICC Capital had a return on equity of 7.64% and a net margin of 94.98%. The business’s revenue was down 19.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. research analysts anticipate that TICC Capital Corp. will post 0.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 14.13%. TICC Capital’s dividend payout ratio (DPR) is currently 76.19%.

A number of research analysts have recently weighed in on TICC shares. ValuEngine lowered TICC Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. National Securities lowered TICC Capital from a “neutral” rating to a “sell” rating and set a $5.00 target price on the stock. in a report on Monday, December 4th. Zacks Investment Research lowered TICC Capital from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, Ladenburg Thalmann Financial Services upgraded 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. The company has an average rating of “Hold” and a consensus price target of $5.83.

A number of institutional investors have recently modified their holdings of TICC. Morgan Stanley lifted its holdings in TICC Capital by 7.9% during the first quarter. Morgan Stanley now owns 334,494 shares of the investment management company’s stock worth $2,468,000 after acquiring an additional 24,554 shares during the period. Janney Montgomery Scott LLC lifted its holdings in TICC Capital by 32.0% during the second quarter. Janney Montgomery Scott LLC now owns 47,518 shares of the investment management company’s stock worth $301,000 after acquiring an additional 11,530 shares during the period. Trexquant Investment LP bought a new stake in TICC Capital during the second quarter worth $183,000. Legal & General Group Plc lifted its holdings in TICC Capital by 6.4% during the second quarter. Legal & General Group Plc now owns 127,827 shares of the investment management company’s stock worth $811,000 after acquiring an additional 7,699 shares during the period. Finally, Blair William & Co. IL lifted its holdings in TICC Capital by 0.7% during the second quarter. Blair William & Co. IL now owns 130,760 shares of the investment management company’s stock worth $829,000 after acquiring an additional 900 shares during the period. Institutional investors and hedge funds own 15.88% of the company’s stock.

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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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