TICC Capital Corp. (NASDAQ:TICC) has received an average recommendation of “Sell” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $6.00.
Several analysts have issued reports on the company. National Securities reaffirmed a “sell” rating and issued a $6.00 target price on shares of TICC Capital Corp. in a research note on Monday, August 14th. BidaskClub lowered TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered TICC Capital Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. TheStreet lowered TICC Capital Corp. from a “b” rating to a “c+” rating in a research note on Friday, June 2nd. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $6.00 target price on shares of TICC Capital Corp. in a research note on Wednesday, May 24th.
In related news, insider Saul B. Rosenthal acquired 17,153 shares of the stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $6.61 per share, for a total transaction of $113,381.33. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. DnB Asset Management AS increased its stake in shares of TICC Capital Corp. by 156.7% in the first quarter. DnB Asset Management AS now owns 141,547 shares of the investment management company’s stock valued at $1,045,000 after buying an additional 86,400 shares during the last quarter. IFC Holdings Incorporated FL increased its stake in shares of TICC Capital Corp. by 2.1% in the first quarter. IFC Holdings Incorporated FL now owns 33,511 shares of the investment management company’s stock valued at $246,000 after buying an additional 691 shares during the last quarter. Exane Derivatives bought a new stake in shares of TICC Capital Corp. during the first quarter valued at $105,000. Geneva Advisors LLC increased its stake in shares of TICC Capital Corp. by 3.8% in the first quarter. Geneva Advisors LLC now owns 79,400 shares of the investment management company’s stock valued at $586,000 after buying an additional 2,902 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of TICC Capital Corp. by 12.8% in the first quarter. Advisors Asset Management Inc. now owns 533,082 shares of the investment management company’s stock valued at $3,934,000 after buying an additional 60,495 shares during the last quarter. Hedge funds and other institutional investors own 19.79% of the company’s stock.
TICC Capital Corp. (TICC) traded up 0.30% during midday trading on Friday, hitting $6.68. 157,398 shares of the stock were exchanged. TICC Capital Corp. has a 1-year low of $5.51 and a 1-year high of $8.19. The company has a market capitalization of $343.88 million, a P/E ratio of 3.77 and a beta of 0.69. The company’s 50 day moving average is $6.68 and its 200 day moving average is $7.12.
TICC Capital Corp. (NASDAQ:TICC) last issued its earnings results on Tuesday, August 8th. The investment management company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $17.01 million during the quarter, compared to analysts’ expectations of $14.60 million. TICC Capital Corp. had a return on equity of 7.50% and a net margin of 142.50%. During the same period in the prior year, the company earned $0.32 EPS. Analysts predict that TICC Capital Corp. will post $0.62 earnings per share for the current fiscal year.
About TICC Capital Corp.
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.
Receive News & Ratings for TICC Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TICC Capital Corp. and related companies with MarketBeat.com's FREE daily email newsletter.
