TICC Capital Corp. (NASDAQ:TICC) CEO Buys 14,823 Shares

TICC Capital Corp. (NASDAQ:TICC) CEO Jonathan H. Cohen bought 14,823 shares of the stock in a transaction on Thursday, December 21st. The shares were acquired at an average cost of $5.83 per share, for a total transaction of $86,418.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • 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 shares were 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 shares were purchased at an average cost of $6.02 per share, for a total transaction of $153,684.58.
  • On Wednesday, November 8th, Jonathan H. Cohen purchased 53,316 shares of TICC Capital stock. The shares were purchased at an average cost of $5.92 per share, for a total transaction of $315,630.72.

Shares of TICC Capital Corp. (NASDAQ TICC) traded up $0.03 during trading hours on Monday, reaching $5.66. The company has a current ratio of 19.74, a quick ratio of 19.74 and a debt-to-equity ratio of 0.41. The firm has a market cap of $291.37, a price-to-earnings ratio of 5.39, a P/E/G ratio of 1.86 and a beta of 0.65. TICC Capital Corp. has a 52-week low of $5.17 and a 52-week high of $8.19.

TICC Capital (NASDAQ:TICC) last issued its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). TICC Capital had a return on equity of 7.64% and a net margin of 94.98%. The business had revenue of $14.50 million for the quarter, compared to analysts’ expectations of $15.97 million. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was down 19.9% on a year-over-year basis. research analysts anticipate that TICC Capital Corp. will post 0.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.13%. The ex-dividend date of this dividend was Thursday, December 14th. TICC Capital’s dividend payout ratio is presently 76.19%.

Several institutional investors have recently made changes to their positions in TICC. Arrowstreet Capital Limited Partnership acquired a new position in shares of TICC Capital during the second quarter worth about $693,000. Dynamic Technology Lab Private Ltd grew its position in shares of TICC Capital by 444.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 126,523 shares of the investment management company’s stock worth $802,000 after buying an additional 103,270 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of TICC Capital by 75.5% during the third quarter. GSA Capital Partners LLP now owns 210,900 shares of the investment management company’s stock worth $1,445,000 after buying an additional 90,700 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of TICC Capital during the third quarter worth about $581,000. Finally, Cowen Inc. acquired a new position in shares of TICC Capital during the third quarter worth about $262,000. 15.88% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. ValuEngine lowered shares of TICC Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. 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 lowered shares of TICC Capital from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, Ladenburg Thalmann Financial Services upgraded shares of TICC Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Four investment 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 company currently has a consensus rating of “Hold” and a consensus price target of $5.83.

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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)

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