TICC Capital Corp. (NASDAQ:TICC) has been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.50.
A number of analysts have weighed in on TICC shares. TheStreet raised TICC Capital from a “c+” rating to a “b” rating in a research report on Thursday, September 7th. National Securities cut TICC Capital from a “neutral” rating to a “sell” rating and set a $5.00 price objective for the company. in a research report on Monday, December 4th. ValuEngine cut TICC Capital from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Zacks Investment Research cut TICC Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, Ladenburg Thalmann Financial Services raised TICC Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th.
In other TICC Capital news, COO Saul B. Rosenthal purchased 26,431 shares of TICC Capital stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $5.85 per share, with a total value of $154,621.35. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jonathan H. Cohen purchased 53,316 shares of TICC Capital stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average cost of $5.92 per share, with a total value of $315,630.72. The disclosure for this purchase can be found here. Insiders bought a total of 299,792 shares of company stock valued at $1,777,006 over the last three months. Insiders own 5.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Blair William & Co. IL lifted its holdings in shares of TICC Capital by 0.7% in the 2nd quarter. Blair William & Co. IL now owns 130,760 shares of the investment management company’s stock valued at $829,000 after buying an additional 900 shares during the period. Royal Bank of Canada increased its stake in TICC Capital by 2.1% in the 2nd quarter. Royal Bank of Canada now owns 54,705 shares of the investment management company’s stock valued at $346,000 after purchasing an additional 1,110 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in TICC Capital by 11.9% in the 2nd 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 in the last quarter. Stephens Inc. AR increased its stake in TICC Capital by 15.1% in the 2nd quarter. Stephens Inc. AR now owns 25,381 shares of the investment management company’s stock valued at $161,000 after purchasing an additional 3,321 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in TICC Capital by 6.4% in the 2nd quarter. Legal & General Group Plc now owns 127,827 shares of the investment management company’s stock valued at $811,000 after purchasing an additional 7,699 shares in the last quarter. 15.88% of the stock is owned by institutional investors and hedge funds.
TICC Capital (NASDAQ TICC) traded up $0.03 during trading on Friday, reaching $5.85. The company’s stock had a trading volume of 320,300 shares, compared to its average volume of 326,889. 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. The firm has a market cap of $299.61, a PE ratio of 10.21, a price-to-earnings-growth ratio of 2.04 and a beta of 0.65.
TICC Capital (NASDAQ:TICC) last posted its quarterly earnings data on Thursday, November 2nd. The investment management company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). TICC Capital had a return on equity of 7.64% and a net margin of 94.98%. The company had revenue of $14.50 million for the quarter, compared to analyst estimates of $15.97 million. During the same period in the previous year, the business posted $0.30 earnings per share. The firm’s revenue was down 19.9% compared to the same quarter last year. equities analysts predict that TICC Capital will post 0.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.20 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 13.68%. TICC Capital’s dividend payout ratio is currently 68.38%.
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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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