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

TICC Capital Corp. (NASDAQ:TICC) CEO Jonathan H. Cohen acquired 9,857 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was purchased at an average cost of $5.65 per share, for a total transaction of $55,692.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, February 9th, Jonathan H. Cohen acquired 4,301 shares of TICC Capital stock. The stock was purchased 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 price of $5.51 per share, with a total value 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 price of $5.83 per share, with a total value 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 price of $5.82 per share, with a total value 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 price of $6.08 per share, with a total value 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 price of $6.09 per share, with a total value of $6,516.30.

Shares of TICC Capital Corp. (NASDAQ:TICC) traded up $0.01 during trading on Friday, hitting $5.69. 168,800 shares of the stock traded hands, compared to its average volume of 268,088. The firm has a market cap of $291.37, a PE ratio of 5.39, a price-to-earnings-growth 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 fifty-two week low of $5.15 and a fifty-two week high of $8.19.

TICC Capital announced that its Board of Directors has authorized a share buyback program on Tuesday, February 6th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the investment management company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Several research analysts have recently issued reports on TICC shares. ValuEngine cut shares of TICC Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Ladenburg Thalmann Financial Services upgraded shares of TICC Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. National Securities upgraded shares of TICC Capital from a “sell” rating to a “neutral” rating and lowered their target price for the company from $6.00 to $5.00 in a report on Monday, November 6th. Zacks Investment Research cut shares of TICC Capital from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, BidaskClub upgraded shares of TICC Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 7th. Four equities research 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.83.

A number of large investors have recently modified their holdings of TICC. Arrowstreet Capital Limited Partnership boosted its stake in TICC Capital by 94.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,776 shares of the investment management company’s stock worth $3,454,000 after purchasing an additional 291,978 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its stake in TICC Capital by 1,626.2% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 264,113 shares of the investment management company’s stock worth $1,516,000 after purchasing an additional 248,813 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in TICC Capital by 444.1% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 126,523 shares of the investment management company’s stock worth $802,000 after purchasing an additional 103,270 shares during the period. GSA Capital Partners LLP boosted its stake in TICC Capital by 75.5% during the 3rd quarter. GSA Capital Partners LLP now owns 210,900 shares of the investment management company’s stock worth $1,445,000 after purchasing an additional 90,700 shares during the period. Finally, Bramshill Investments LLC acquired a new stake in TICC Capital during the 4th quarter worth $504,000. Hedge funds and other institutional investors own 15.81% of the company’s stock.

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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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