TICC Capital Corp. (TICC) COO Saul B. Rosenthal Purchases 12,916 Shares

TICC Capital Corp. (NASDAQ:TICC) COO Saul B. Rosenthal bought 12,916 shares of TICC Capital stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average cost of $6.02 per share, with a total value of $77,754.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, November 21st, Saul B. Rosenthal bought 1,050 shares of TICC Capital stock. The stock was purchased at an average cost of $6.09 per share, with a total value of $6,394.50.
  • On Wednesday, November 15th, Saul B. Rosenthal purchased 8,485 shares of TICC Capital stock. The stock was acquired at an average price of $6.03 per share, with a total value of $51,164.55.
  • On Wednesday, November 8th, Saul B. Rosenthal bought 5,835 shares of TICC Capital stock. The shares were purchased at an average price of $5.99 per share, with a total value of $34,951.65.
  • On Monday, November 6th, Saul B. Rosenthal bought 26,431 shares of TICC Capital stock. The shares were purchased at an average price of $5.85 per share, with a total value of $154,621.35.
  • On Wednesday, August 30th, Saul B. Rosenthal bought 9,682 shares of TICC Capital stock. The shares were purchased at an average price of $6.68 per share, with a total value of $64,675.76.
  • On Friday, August 25th, Saul B. Rosenthal purchased 7,650 shares of TICC Capital stock. The stock was bought at an average price of $6.69 per share, with a total value of $51,178.50.
  • On Tuesday, August 22nd, Saul B. Rosenthal purchased 10,021 shares of TICC Capital stock. The stock was bought at an average price of $6.66 per share, with a total value of $66,739.86.

Shares of TICC Capital Corp. (TICC) opened at $6.32 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 19.74 and a quick ratio of 19.74. TICC Capital Corp. has a 52 week low of $5.17 and a 52 week high of $8.19. The firm has a market capitalization of $325.35, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65.

TICC Capital (NASDAQ:TICC) last released its earnings results 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). The business had revenue of $14.50 million during the quarter, compared to analysts’ expectations of $15.97 million. TICC Capital had a return on equity of 7.64% and a net margin of 94.98%. The business’s revenue for the quarter was down 19.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. sell-side analysts expect that TICC Capital Corp. will post 0.57 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 12.66%. TICC Capital’s dividend payout ratio is currently 68.38%.

Institutional investors have recently made changes to their positions in the company. Exane Derivatives increased its stake in shares of TICC Capital by 10.9% during the second quarter. Exane Derivatives now owns 15,784 shares of the investment management company’s stock valued at $100,000 after buying an additional 1,547 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in shares of TICC Capital by 11.9% during 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 buying an additional 2,260 shares during the period. KCG Holdings Inc. increased its stake in shares of TICC Capital by 66.5% during the first quarter. KCG Holdings Inc. now owns 21,486 shares of the investment management company’s stock valued at $159,000 after buying an additional 8,578 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of TICC Capital during the second quarter valued at $136,000. Finally, CIBC World Markets Inc. increased its stake in shares of 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 valued at $150,000 after buying an additional 12,771 shares during the period. Hedge funds and other institutional investors own 16.17% of the company’s stock.

A number of brokerages recently issued reports on TICC. National Securities upgraded TICC Capital from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $6.00 to $5.00 in a research report on Monday, November 6th. Ladenburg Thalmann Financial Services upgraded TICC Capital from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. ValuEngine upgraded TICC Capital from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research downgraded TICC Capital from a “hold” rating to a “sell” rating in a research report 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. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $5.50.

COPYRIGHT VIOLATION NOTICE: This report was published by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://weekherald.com/2017/12/04/saul-b-rosenthal-buys-12916-shares-of-ticc-capital-corp-ticc-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 Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TICC Capital Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply