TICC Capital Corp. (NASDAQ:TICC) CEO Buys $234,313.20 in Stock

TICC Capital Corp. (NASDAQ:TICC) CEO Jonathan H. Cohen bought 40,260 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average cost of $5.82 per share, for a total transaction of $234,313.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, December 21st, Jonathan H. Cohen bought 14,823 shares of TICC Capital stock. The stock was purchased at an average cost of $5.83 per share, for a total transaction of $86,418.09.
  • On Tuesday, December 12th, Jonathan H. Cohen bought 22,737 shares of TICC Capital stock. The stock was purchased 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 purchased at an average cost of $6.09 per share, for a total transaction of $6,516.30.
  • On Wednesday, November 15th, Jonathan H. Cohen bought 25,529 shares of TICC Capital stock. The stock was purchased at an average cost of $6.02 per share, for a total transaction of $153,684.58.
  • On Wednesday, November 8th, Jonathan H. Cohen bought 53,316 shares of TICC Capital stock. The stock was purchased at an average cost of $5.92 per share, for a total transaction of $315,630.72.

Shares of TICC Capital Corp. (NASDAQ:TICC) traded up $0.03 on Friday, reaching $5.66. 244,976 shares of the company were exchanged, compared to its average volume of 354,889. TICC Capital Corp. has a twelve month low of $5.17 and a twelve month high of $8.19. The firm has a market cap of $291.37, a price-to-earnings ratio of 5.39, a P/E/G ratio of 1.85 and a beta of 0.65. 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 (NASDAQ:TICC) last announced its quarterly 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). TICC Capital had a net margin of 94.98% and a return on equity of 7.64%. The company had revenue of $14.50 million during the quarter, compared to analyst estimates of $15.97 million. During the same quarter last year, the company posted $0.30 EPS. The firm’s quarterly revenue was down 19.9% on a year-over-year basis. analysts anticipate that TICC Capital Corp. will post 0.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 14.13%. TICC Capital’s dividend payout ratio (DPR) is currently 76.19%.

Several large investors have recently made changes to their positions in TICC. Sheaff Brock Investment Advisors LLC grew its position in shares of TICC Capital by 11.9% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 21,260 shares of the investment management company’s stock worth $135,000 after purchasing an additional 2,260 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of TICC Capital during the 2nd quarter worth approximately $136,000. CIBC World Markets Inc. grew its position in shares of TICC Capital by 116.9% during the 2nd quarter. CIBC World Markets Inc. now owns 23,698 shares of the investment management company’s stock worth $150,000 after purchasing an additional 12,771 shares in the last quarter. Stephens Inc. AR grew its position in shares of TICC Capital by 15.1% during the 2nd quarter. Stephens Inc. AR now owns 25,381 shares of the investment management company’s stock worth $161,000 after purchasing an additional 3,321 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of TICC Capital during the 2nd quarter worth approximately $183,000. Hedge funds and other institutional investors own 15.88% of the company’s stock.

TICC has been the topic of a number of research analyst reports. National Securities cut shares of TICC Capital from a “neutral” rating to a “sell” rating and set a $5.00 target price on the stock. in a report on Monday, December 4th. Ladenburg Thalmann Financial Services raised shares of TICC Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. Zacks Investment Research lowered shares of TICC Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, ValuEngine upgraded shares of TICC Capital from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.83.

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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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