News stories about TICC Capital Corp. (NASDAQ:TICC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TICC Capital Corp. earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 45.6021397547832 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- TICC Capital Corp. (TICC) Set to Announce Quarterly Earnings on Wednesday (americanbankingnews.com)
- TICC Capital Corp. (NASDAQ:TICC) Cut to “Strong Sell” at BidaskClub (americanbankingnews.com)
- TICC Capital Corp. (NASDAQ:TICC) Receives Average Recommendation of “Sell” from Brokerages (americanbankingnews.com)
- Placing the Spotlight on TICC Capital Corp (TICC): Technical Stock Update - Financial News Review (finnewsreview.com)
A number of analysts recently commented on the company. TheStreet cut TICC Capital Corp. from a “b” rating to a “c+” rating in a research report on Friday, June 2nd. Wells Fargo & Company cut TICC Capital Corp. from a “market perform” rating to an “underperform” rating in a research report on Tuesday, April 4th. Zacks Investment Research upgraded TICC Capital Corp. from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research report on Friday, April 7th. Barclays PLC restated a “sell” rating and issued a $6.00 price target on shares of TICC Capital Corp. in a research report on Wednesday, May 24th. Finally, BidaskClub cut TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The company presently has a consensus rating of “Sell” and a consensus price target of $6.75.
Shares of TICC Capital Corp. (NASDAQ:TICC) traded down 0.15% during mid-day trading on Thursday, reaching $6.58. The company’s stock had a trading volume of 177,105 shares. The firm’s 50-day moving average price is $6.83 and its 200 day moving average price is $7.14. The firm has a market cap of $338.73 million, a P/E ratio of 2.80 and a beta of 0.68. TICC Capital Corp. has a 12-month low of $5.51 and a 12-month high of $8.19.
TICC Capital Corp. (NASDAQ:TICC) last released its quarterly earnings data on Monday, May 8th. The investment management company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. The business had revenue of $16.50 million during the quarter, compared to analyst estimates of $17.02 million. TICC Capital Corp. had a return on equity of 7.55% and a net margin of 197.98%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. On average, analysts expect that TICC Capital Corp. will post $0.63 EPS for the current year.
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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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