Headlines about TICC Capital (NASDAQ:TICC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TICC Capital earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 45.0131973056013 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research analysts have recently commented on TICC shares. Ladenburg Thalmann Financial Services raised shares of TICC Capital from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. ValuEngine cut shares of TICC Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. National Securities cut shares of TICC Capital from a “neutral” rating to a “sell” rating and set a $5.00 price target on the stock. in a report on Monday, December 4th. Finally, Zacks Investment Research raised shares of TICC Capital from a “sell” rating to a “hold” rating and set a $6.50 price target on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $5.83.
Shares of TICC Capital (NASDAQ TICC) opened at $5.66 on Friday. 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 has a twelve month low of $5.17 and a twelve month high of $8.19. The stock has a market cap 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 (NASDAQ:TICC) last released its 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). TICC Capital had a net margin of 94.98% and a return on equity of 7.64%. The business had revenue of $14.50 million for the quarter, compared to the consensus estimate of $15.97 million. During the same quarter in the previous year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was down 19.9% on a year-over-year basis. equities analysts predict that TICC Capital will post 0.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.80 annualized dividend and a yield of 14.13%. TICC Capital’s payout ratio is 76.19%.
In other TICC Capital news, COO Saul B. Rosenthal bought 8,086 shares of the stock in a transaction on Wednesday, December 20th. The stock was purchased at an average price of $5.83 per share, for a total transaction of $47,141.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jonathan H. Cohen bought 25,529 shares of the stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $6.02 per share, with a total value of $153,684.58. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 299,792 shares of company stock valued at $1,777,006. 5.90% of the stock is owned by insiders.
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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.
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