TICC Capital Corp. (NASDAQ:TICC) COO Purchases $47,141.38 in Stock

TICC Capital Corp. (NASDAQ:TICC) COO Saul B. Rosenthal bought 8,086 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was purchased at an average price of $5.83 per share, for a total transaction of $47,141.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Saul B. Rosenthal also recently made the following trade(s):

  • On Monday, December 18th, Saul B. Rosenthal bought 31,161 shares of TICC Capital stock. The stock was purchased at an average price of $5.81 per share, for a total transaction of $181,045.41.
  • On Friday, December 15th, Saul B. Rosenthal bought 8,498 shares of TICC Capital stock. The stock was purchased at an average price of $5.84 per share, for a total transaction of $49,628.32.
  • On Wednesday, December 13th, Saul B. Rosenthal bought 4,445 shares of TICC Capital stock. The stock was purchased at an average price of $5.94 per share, for a total transaction of $26,403.30.
  • On Monday, December 11th, Saul B. Rosenthal bought 450 shares of TICC Capital stock. The stock was purchased at an average price of $6.10 per share, for a total transaction of $2,745.00.
  • On Tuesday, November 21st, Saul B. Rosenthal acquired 1,050 shares of TICC Capital stock. The shares were bought at an average cost of $6.09 per share, for a total transaction of $6,394.50.
  • On Wednesday, November 15th, Saul B. Rosenthal acquired 8,485 shares of TICC Capital stock. The shares were bought at an average cost of $6.03 per share, for a total transaction of $51,164.55.
  • On Monday, November 13th, Saul B. Rosenthal acquired 12,916 shares of TICC Capital stock. The shares were bought at an average cost of $6.02 per share, for a total transaction of $77,754.32.
  • On Wednesday, November 8th, Saul B. Rosenthal acquired 5,835 shares of TICC Capital stock. The shares were bought at an average cost of $5.99 per share, for a total transaction of $34,951.65.
  • On Monday, November 6th, Saul B. Rosenthal acquired 26,431 shares of TICC Capital stock. The shares were bought at an average cost of $5.85 per share, for a total transaction of $154,621.35.

TICC Capital Corp. (NASDAQ:TICC) opened at $5.66 on Friday. The company has a market capitalization of $291.37, a P/E ratio of 9.93, a PEG ratio of 1.86 and a beta of 0.65. TICC Capital Corp. has a 52 week low of $5.17 and a 52 week high of $8.19. 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 released its earnings results on Thursday, November 2nd. The investment management company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The business had revenue of $14.50 million for the quarter, compared to the consensus estimate of $15.97 million. TICC Capital had a net margin of 94.98% and a return on equity of 7.64%. The company’s quarterly revenue was down 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. sell-side analysts forecast that TICC Capital Corp. will post 0.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.13%. TICC Capital’s dividend payout ratio is 68.38%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership bought a new position in TICC Capital in the second quarter worth approximately $693,000. Dynamic Technology Lab Private Ltd grew its stake in TICC Capital by 444.1% in the second 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 in the last quarter. GSA Capital Partners LLP grew its stake in TICC Capital by 75.5% in 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 in the last quarter. Macquarie Group Ltd. bought a new position in TICC Capital in the third quarter worth approximately $581,000. Finally, Cowen Inc. bought a new position in TICC Capital in the third quarter worth approximately $262,000. 15.88% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on TICC. Zacks Investment Research raised TICC Capital from a “sell” rating to a “hold” rating and set a $6.50 price objective on the stock in a research note on Wednesday. National Securities cut TICC Capital from a “neutral” rating to a “sell” rating and set a $5.00 price objective on the stock. in a research note on Monday, December 4th. ValuEngine raised TICC Capital from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Ladenburg Thalmann Financial Services raised TICC Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently 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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