TICC Capital Corp. (TICC) CEO Jonathan H. Cohen Acquires 4,301 Shares

TICC Capital Corp. (NASDAQ:TICC) CEO Jonathan H. Cohen bought 4,301 shares of TICC Capital stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $23,655.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jonathan H. Cohen also recently made the following trade(s):

  • On Monday, February 12th, Jonathan H. Cohen bought 16,550 shares of TICC Capital stock. The shares were acquired at an average cost of $5.51 per share, for a total transaction of $91,190.50.
  • On Thursday, December 21st, Jonathan H. Cohen bought 14,823 shares of TICC Capital stock. The shares were acquired at an average cost of $5.83 per share, for a total transaction of $86,418.09.
  • On Tuesday, December 19th, Jonathan H. Cohen bought 40,260 shares of TICC Capital stock. The shares were acquired at an average cost of $5.82 per share, for a total transaction of $234,313.20.
  • On Tuesday, December 12th, Jonathan H. Cohen bought 22,737 shares of TICC Capital stock. The shares were acquired at an average cost of $6.08 per share, for a total transaction of $138,240.96.
  • On Wednesday, November 22nd, Jonathan H. Cohen purchased 1,070 shares of TICC Capital stock. The stock was purchased at an average cost of $6.09 per share, for a total transaction of $6,516.30.
  • On Wednesday, November 15th, Jonathan H. Cohen purchased 25,529 shares of TICC Capital stock. The stock was purchased at an average cost of $6.02 per share, for a total transaction of $153,684.58.

Shares of TICC Capital Corp. (TICC) opened at $5.52 on Tuesday. The firm has a market capitalization of $284.17, a price-to-earnings ratio of 5.26, a P/E/G ratio of 1.79 and a beta of 0.55. TICC Capital Corp. has a 12 month low of $5.15 and a 12 month 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 announced that its Board of Directors has authorized a stock buyback program on Tuesday, February 6th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the investment management company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional investors have recently added to or reduced their stakes in the business. Ramsey Quantitative Systems bought a new stake in TICC Capital in the fourth quarter worth $103,000. Wedbush Securities Inc. boosted its holdings in TICC Capital by 82.8% in the fourth quarter. Wedbush Securities Inc. now owns 27,600 shares of the investment management company’s stock worth $158,000 after acquiring an additional 12,500 shares in the last quarter. Aperio Group LLC boosted its holdings in TICC Capital by 239.8% in the third quarter. Aperio Group LLC now owns 34,789 shares of the investment management company’s stock worth $238,000 after acquiring an additional 24,550 shares in the last quarter. Cowen Inc. bought a new stake in TICC Capital in the third quarter worth $262,000. Finally, Virtu KCG Holdings LLC boosted its holdings in TICC Capital by 90.8% in the second quarter. Virtu KCG Holdings LLC now owns 40,996 shares of the investment management company’s stock worth $260,000 after acquiring an additional 19,510 shares in the last quarter. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on TICC. Zacks Investment Research raised TICC Capital from a “sell” rating to a “hold” rating and set a $6.50 price target on the stock in a research note on Wednesday, January 10th. BidaskClub raised TICC Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 7th. National Securities raised TICC Capital from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $6.00 to $5.00 in a research note on Monday, November 6th. Ladenburg Thalmann Financial Services raised TICC Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Finally, ValuEngine raised TICC Capital from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.83.

WARNING: This story was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/02/13/ticc-capital-corp-ticc-ceo-jonathan-h-cohen-acquires-4301-shares.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