News articles about TICC Capital Corp. (NASDAQ:TICC) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TICC Capital Corp. earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 44.5658518155188 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- TICC Capital Corp. (TICC) CEO Jonathan H. Cohen Purchases 1,532 Shares (americanbankingnews.com)
- Chief Executive Officer of Ticc Capital Corp. (NASDAQ:TICC), Cohen Jonathan H, buys 3,645 shares worth $24,391 (empowerednews.net)
- Insider Trading Activity – TICC Capital Corp. – Closed End (NASDAQ:TICC) (highlightpress.com)
- TICC Capital Corp. (TICC) CEO Jonathan H. Cohen Purchases 3,645 Shares (americanbankingnews.com)
- TICC Capital Corp. (TICC) CEO Buys $33,863.59 in Stock (americanbankingnews.com)
Shares of TICC Capital Corp. (TICC) traded down 0.30% during trading on Wednesday, reaching $6.70. The company’s stock had a trading volume of 200,238 shares. The company’s 50-day moving average is $6.65 and its 200-day moving average is $7.06. TICC Capital Corp. has a 12 month low of $5.51 and a 12 month high of $8.19. The company has a market capitalization of $344.91 million, a P/E ratio of 3.78 and a beta of 0.67.
TICC Capital Corp. (NASDAQ:TICC) last released its earnings results on Tuesday, August 8th. The investment management company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. TICC Capital Corp. had a return on equity of 7.50% and a net margin of 142.50%. The business had revenue of $17.01 million for the quarter, compared to analyst estimates of $14.60 million. During the same period in the prior year, the firm posted $0.32 EPS. On average, analysts forecast that TICC Capital Corp. will post $0.62 EPS for the current fiscal year.
A number of brokerages have commented on TICC. TheStreet cut TICC Capital Corp. from a “b” rating to a “c+” rating in a research note on Friday, June 2nd. Barclays PLC reiterated a “sell” rating and issued a $6.00 price target on shares of TICC Capital Corp. in a research note on Wednesday, May 24th. National Securities reiterated a “sell” rating and issued a $6.00 price target on shares of TICC Capital Corp. in a research note on Monday, August 14th. BidaskClub cut TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research cut TICC Capital Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. The stock presently has a consensus rating of “Sell” and an average target price of $6.75.
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In other TICC Capital Corp. news, CEO Jonathan H. Cohen purchased 5,077 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were purchased at an average cost of $6.67 per share, with a total value of $33,863.59. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Saul B. Rosenthal purchased 17,153 shares of the business’s stock in a transaction on Monday, August 14th. The shares were acquired at an average cost of $6.61 per share, for a total transaction of $113,381.33. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 63,371 shares of company stock worth $422,090. Insiders own 5.90% of the company’s stock.
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.
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