Jonathan H. Cohen Acquires 9,857 Shares of TICC Capital Corp. (TICC) Stock

TICC Capital Corp. (NASDAQ:TICC) CEO Jonathan H. Cohen bought 9,857 shares of the stock in a transaction dated Thursday, February 15th. The stock was bought at an average cost of $5.65 per share, for a total transaction of $55,692.05. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Friday, February 9th, Jonathan H. Cohen bought 4,301 shares of TICC Capital stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $23,655.50.
  • On Monday, February 12th, Jonathan H. Cohen bought 16,550 shares of TICC Capital stock. The stock was bought 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 stock was bought 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 stock was bought 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 stock was bought at an average cost of $6.08 per share, for a total transaction of $138,240.96.
  • On Wednesday, November 22nd, Jonathan H. Cohen bought 1,070 shares of TICC Capital stock. The stock was bought at an average cost of $6.09 per share, for a total transaction of $6,516.30.

Shares of TICC Capital Corp. (NASDAQ TICC) opened at $5.66 on Friday. The stock has a market cap of $291.37, a price-to-earnings ratio of 9.93, a P/E/G ratio of 1.86 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 19.74 and a current ratio of 19.74. TICC Capital Corp. has a 12 month low of $5.15 and a 12 month high of $8.19.

TICC Capital announced that its board has initiated a share buyback plan on Tuesday, February 6th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the investment management company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several equities analysts have recently commented on TICC shares. ValuEngine raised shares of TICC Capital from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Ladenburg Thalmann Financial Services raised shares of TICC Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded shares of TICC Capital from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. National Securities raised shares of TICC Capital from a “sell” rating to a “neutral” rating and decreased their price target for the company from $6.00 to $5.00 in a research note on Monday, November 6th. Finally, BidaskClub raised shares of TICC Capital from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $5.83.

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in TICC Capital by 2.1% during the second 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. Janney Montgomery Scott LLC raised its stake in TICC Capital by 24.8% during the third quarter. Janney Montgomery Scott LLC now owns 59,294 shares of the investment management company’s stock valued at $406,000 after purchasing an additional 11,776 shares in the last quarter. Wedbush Securities Inc. raised its stake in TICC Capital by 82.8% during the fourth quarter. Wedbush Securities Inc. now owns 27,600 shares of the investment management company’s stock valued at $158,000 after purchasing an additional 12,500 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in TICC Capital during the fourth quarter valued at $103,000. Finally, Legal & General Group Plc raised its stake in TICC Capital by 14.4% during the third quarter. Legal & General Group Plc now owns 146,257 shares of the investment management company’s stock valued at $1,001,000 after purchasing an additional 18,430 shares in the last quarter. 15.81% of the stock is currently owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for TICC Capital (NASDAQ:TICC)

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