News headlines about TICC Capital (NASDAQ:TICC) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TICC Capital earned a news impact score of 0.03 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 44.9842071175252 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of TICC Capital (NASDAQ TICC) opened at $5.61 on Tuesday. 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 capitalization of $288.80, a P/E ratio of 5.34, a PEG ratio of 1.84 and a beta of 0.65. TICC Capital has a 1 year low of $5.17 and a 1 year high of $8.19.
TICC Capital (NASDAQ:TICC) last announced its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). TICC Capital had a return on equity of 7.64% and a net margin of 94.98%. The company had revenue of $14.50 million for the quarter, compared to analyst estimates of $15.97 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm’s revenue for the quarter was down 19.9% compared to the same quarter last year. research analysts predict that TICC Capital will post 0.57 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on TICC shares. Ladenburg Thalmann Financial Services raised TICC Capital from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. ValuEngine downgraded TICC Capital from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Zacks Investment Research downgraded TICC Capital from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, National Securities downgraded TICC Capital from a “neutral” rating to a “sell” rating and set a $5.00 price target for the company. in a report on Monday, December 4th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. TICC Capital has a consensus rating of “Hold” and an average target price of $5.83.
In related news, CEO Jonathan H. Cohen bought 53,316 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $5.92 per share, for a total transaction of $315,630.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Saul B. Rosenthal bought 8,086 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were bought at an average price of $5.83 per share, for a total transaction of $47,141.38. The disclosure for this purchase can be found here. Insiders purchased a total of 299,792 shares of company stock valued at $1,777,006 over the last three months. 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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