Media coverage about TICC Capital (NASDAQ:TICC) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TICC Capital earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 45.997989312408 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Pay mind to Zimmer Biomet, 4 other firms with insider buys – Tribune-Review (triblive.com)
- On Investments: A look at companies whose CEOs bought own shares – Omaha World-Herald (omaha.com)
- Insider Buys: Cross Country Healthcare And Four Other Companies (finance.yahoo.com)
- Financial Comparison: Fidus Investment (FDUS) vs. TICC Capital (TICC) (americanbankingnews.com)
- TICC Capital Corp. (TICC) CEO Jonathan H. Cohen Purchases 10,474 Shares (americanbankingnews.com)
TICC Capital (NASDAQ TICC) opened at $6.24 on Wednesday. TICC Capital has a 52-week low of $5.15 and a 52-week high of $7.56. The stock has a market capitalization of $322.50, a price-to-earnings ratio of 7.34, a price-to-earnings-growth ratio of 1.95 and a beta of 0.43.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.80 annualized dividend and a yield of 12.82%. TICC Capital’s payout ratio is 94.12%.
TICC Capital declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 6th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the investment management company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Several equities analysts recently commented on TICC shares. Zacks Investment Research downgraded TICC Capital from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. BidaskClub upgraded TICC Capital from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, National Securities reiterated a “sell” rating and issued a $5.00 price objective on shares of TICC Capital in a research report on Monday, March 5th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. TICC Capital has a consensus rating of “Hold” and an average price target of $5.83.
In other news, COO Saul B. Rosenthal bought 8,498 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was bought at an average price of $5.84 per share, for a total transaction of $49,628.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jonathan H. Cohen bought 40,260 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were purchased at an average price of $5.82 per share, with a total value of $234,313.20. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 216,193 shares of company stock valued at $1,256,085. Corporate insiders own 5.90% of the company’s stock.
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.
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