TICC Capital Corp. (NASDAQ:TICC) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, November 2nd.
A number of other equities analysts also recently commented on the stock. TheStreet upgraded shares of TICC Capital Corp. from a “c+” rating to a “b” rating in a research note on Thursday, September 7th. National Securities reiterated a “sell” rating and set a $6.00 price objective on shares of TICC Capital Corp. in a research note on Monday, August 14th. BidaskClub downgraded shares of TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of TICC Capital Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. TICC Capital Corp. currently has an average rating of “Hold” and a consensus price target of $5.50.
TICC Capital Corp. (NASDAQ:TICC) traded up $0.04 during trading on Thursday, reaching $6.10. 165,093 shares of the company were exchanged, compared to its average volume of 327,001. The company has a debt-to-equity ratio of 0.41, a current ratio of 19.74 and a quick ratio of 19.74. The stock has a market cap of $314.02, a price-to-earnings ratio of 10.63, a P/E/G ratio of 2.13 and a beta of 0.66. TICC Capital Corp. has a 12 month low of $5.17 and a 12 month high of $8.19.
TICC Capital Corp. (NASDAQ:TICC) last issued its earnings results on Thursday, November 2nd. The investment management company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The company had revenue of $14.50 million during the quarter, compared to the consensus estimate of $15.97 million. TICC Capital Corp. had a return on equity of 7.64% and a net margin of 94.98%. TICC Capital Corp.’s revenue was down 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 earnings per share. equities analysts predict that TICC Capital Corp. will post 0.57 EPS for the current year.
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In related news, insider Saul B. Rosenthal purchased 9,682 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average price of $6.68 per share, with a total value of $64,675.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jonathan H. Cohen purchased 7,068 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $6.07 per share, with a total value of $42,902.76. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 175,777 shares of company stock valued at $1,072,679. Corporate insiders own 5.90% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp raised its holdings in shares of TICC Capital Corp. by 6.7% during the second quarter. Van ECK Associates Corp now owns 419,844 shares of the investment management company’s stock worth $2,662,000 after purchasing an additional 26,181 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of TICC Capital Corp. during the second quarter worth $2,390,000. Morgan Stanley raised its holdings in shares of TICC Capital Corp. by 7.9% during the first quarter. Morgan Stanley now owns 334,494 shares of the investment management company’s stock worth $2,468,000 after purchasing an additional 24,554 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of TICC Capital Corp. 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 purchasing an additional 90,700 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of TICC Capital Corp. by 14.2% during the third quarter. Hillsdale Investment Management Inc. now owns 193,200 shares of the investment management company’s stock worth $1,323,000 after purchasing an additional 24,000 shares during the last quarter. 17.52% of the stock is owned by hedge funds and other institutional investors.
TICC Capital Corp. 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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