TICC Capital Corp. (NASDAQ:TICC) declared a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Friday, December 15th will be given a dividend of 0.20 per share by the investment management company on Friday, December 29th. This represents a $0.80 dividend on an annualized basis and a yield of 12.94%. The ex-dividend date of this dividend is Thursday, December 14th.
TICC Capital (NASDAQ TICC) opened at $6.18 on Friday. The company has a market capitalization of $320.20, a PE ratio of 10.91, a P/E/G ratio of 2.18 and a beta of 0.65. TICC Capital 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 (NASDAQ:TICC) last posted 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 firm had revenue of $14.50 million during the quarter, compared to analyst estimates of $15.97 million. TICC Capital had a return on equity of 7.64% and a net margin of 94.98%. The firm’s revenue for the quarter was down 19.9% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. analysts anticipate that TICC Capital will post 0.57 EPS for the current fiscal year.
In other TICC Capital news, COO Saul B. Rosenthal purchased 26,431 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were bought at an average price of $5.85 per share, with a total value of $154,621.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jonathan H. Cohen purchased 7,068 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of $6.07 per share, for a total transaction of $42,902.76. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 141,700 shares of company stock valued at $843,621. 5.90% of the stock is currently owned by insiders.
A number of brokerages have commented on TICC. National Securities upgraded TICC Capital from a “sell” rating to a “neutral” rating and decreased their target price for the company from $6.00 to $5.00 in a research note on Monday, November 6th. Ladenburg Thalmann Financial Services upgraded TICC Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. ValuEngine upgraded TICC Capital from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research downgraded TICC Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, TheStreet upgraded TICC Capital from a “c+” rating to a “b” rating in a research note on Thursday, September 7th. Five equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $5.50.
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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.
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