TICC Capital (TICC) Receives Daily Coverage Optimism Rating of 0.12

News stories about TICC Capital (NASDAQ:TICC) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TICC Capital earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 46.0054033563975 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

TICC has been the topic of several recent analyst reports. National Securities lowered shares of TICC Capital from a “neutral” rating to a “sell” rating and set a $5.00 price objective on the stock. in a report on Monday, December 4th. Zacks Investment Research upgraded shares of TICC Capital from a “sell” rating to a “hold” rating and set a $6.50 price objective on the stock in a report on Wednesday, January 10th. Finally, BidaskClub upgraded shares of TICC Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. TICC Capital currently has an average rating of “Hold” and a consensus price target of $5.83.

TICC Capital stock opened at $6.03 on Monday. The firm has a market cap of $308.68, a PE ratio of 7.09, a PEG ratio of 1.87 and a beta of 0.43. TICC Capital has a 1-year low of $5.15 and a 1-year high of $7.56.

TICC Capital (NASDAQ:TICC) last posted its quarterly earnings results on Tuesday, February 27th. The investment management company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. TICC Capital had a net margin of 71.02% and a return on equity of 7.71%. The firm had revenue of $13.40 million for the quarter, compared to analyst estimates of $13.27 million. During the same quarter last year, the firm posted $0.22 earnings per share. TICC Capital’s revenue for the quarter was down 29.1% compared to the same quarter last year. analysts expect that TICC Capital will post 0.64 EPS for the current year.

TICC Capital declared that its board has approved a stock buyback plan on Tuesday, February 6th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the investment management company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.20 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.80 annualized dividend and a yield of 13.27%. TICC Capital’s payout ratio is 94.12%.

In other TICC Capital news, insider Saul B. Rosenthal purchased 15,063 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were purchased at an average price of $6.27 per share, for a total transaction of $94,445.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jonathan H. Cohen purchased 16,550 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $5.51 per share, for a total transaction of $91,190.50. The disclosure for this purchase can be found here. Insiders purchased 191,597 shares of company stock worth $1,119,857 in the last 90 days. 5.90% of the stock is currently owned by insiders.

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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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