TICC Capital Corp. (TICC) COO Saul B. Rosenthal Acquires 8,086 Shares

TICC Capital Corp. (NASDAQ:TICC) COO Saul B. Rosenthal acquired 8,086 shares of TICC Capital stock in a transaction on Wednesday, December 20th. The shares were bought at an average cost 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 can be accessed through this hyperlink.

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

  • 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, for a total transaction of $2,745.00.
  • On Tuesday, November 21st, Saul B. Rosenthal bought 1,050 shares of TICC Capital stock. The shares were acquired at an average cost of $6.09 per share, for a total transaction 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 cost of $6.03 per share, for a total transaction of $51,164.55.
  • On Monday, November 13th, Saul B. Rosenthal bought 12,916 shares of TICC Capital stock. The shares were acquired at an average cost of $6.02 per share, for a total transaction of $77,754.32.
  • On Wednesday, November 8th, Saul B. Rosenthal bought 5,835 shares of TICC Capital stock. The shares were acquired 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 stock. The shares were acquired at an average cost of $5.85 per share, for a total transaction of $154,621.35.

Shares of TICC Capital Corp. (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. The stock has a market capitalization of $291.37, a P/E ratio of 5.39, a P/E/G ratio of 1.92 and a beta of 0.65. TICC Capital Corp. has a twelve month low of $5.17 and a twelve month high of $8.19.

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

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

A number of research analysts have recently commented on the company. ValuEngine raised TICC Capital from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut TICC Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. National Securities raised 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 note on Monday, November 6th. Finally, Ladenburg Thalmann Financial Services raised TICC Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $5.83.

Several hedge funds and other institutional investors have recently made changes to their positions in TICC. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of TICC Capital by 11.9% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 21,260 shares of the investment management company’s stock valued at $135,000 after purchasing an additional 2,260 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in TICC Capital during the second quarter worth $136,000. CIBC World Markets Inc. lifted its holdings in TICC Capital by 116.9% during the second quarter. CIBC World Markets Inc. now owns 23,698 shares of the investment management company’s stock worth $150,000 after buying an additional 12,771 shares during the period. Stephens Inc. AR lifted its holdings in TICC Capital by 15.1% during the second quarter. Stephens Inc. AR now owns 25,381 shares of the investment management company’s stock worth $161,000 after buying an additional 3,321 shares during the period. Finally, Trexquant Investment LP purchased a new stake in TICC Capital during the second quarter worth $183,000. Hedge funds and other institutional investors own 15.88% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2018/01/13/ticc-capital-corp-ticc-coo-acquires-47141-38-in-stock.html.

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)

Receive News & Ratings for TICC Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TICC Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply