Insider Buying: TICC Capital Corp. (TICC) COO Acquires $34,951.65 in Stock

TICC Capital Corp. (NASDAQ:TICC) COO Saul B. Rosenthal bought 5,835 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average price of $5.99 per share, for a total transaction of $34,951.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Monday, November 6th, Saul B. Rosenthal acquired 26,431 shares of TICC Capital Corp. stock. The shares were bought at an average price of $5.85 per share, for a total transaction of $154,621.35.
  • On Wednesday, August 30th, Saul B. Rosenthal acquired 9,682 shares of TICC Capital Corp. stock. The shares were bought at an average price of $6.68 per share, for a total transaction of $64,675.76.
  • On Friday, August 25th, Saul B. Rosenthal acquired 7,650 shares of TICC Capital Corp. stock. The shares were bought at an average price of $6.69 per share, for a total transaction of $51,178.50.
  • On Tuesday, August 22nd, Saul B. Rosenthal acquired 10,021 shares of TICC Capital Corp. stock. The shares were bought at an average price of $6.66 per share, for a total transaction of $66,739.86.
  • On Monday, August 14th, Saul B. Rosenthal acquired 17,153 shares of TICC Capital Corp. stock. The shares were bought at an average price of $6.61 per share, for a total transaction of $113,381.33.

TICC Capital Corp. (NASDAQ TICC) traded down $0.10 during trading hours on Friday, hitting $6.04. 247,300 shares of the stock traded hands, compared to its average volume of 330,490. The company has a current ratio of 19.74, a quick ratio of 19.74 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $316.08, a P/E ratio of 10.77, a PEG ratio of 2.15 and a beta of 0.66. TICC Capital Corp. has a one year low of $5.17 and a one year high of $8.19.

TICC Capital Corp. (NASDAQ:TICC) last issued its quarterly earnings data on Thursday, November 2nd. The investment management company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). TICC Capital Corp. had a return on equity of 7.64% and a net margin of 94.98%. The firm had revenue of $14.50 million during the quarter, compared to the consensus estimate of $15.97 million. During the same period in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was down 19.9% on a year-over-year basis. equities research analysts predict that TICC Capital Corp. will post 0.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 13.25%. The ex-dividend date of this dividend is Thursday, December 14th. TICC Capital Corp.’s payout ratio is 68.38%.

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A number of hedge funds have recently modified their holdings of TICC. Bank of Montreal Can bought a new stake in TICC Capital Corp. in the 2nd quarter worth about $2,390,000. Arrowstreet Capital Limited Partnership bought a new position in shares of TICC Capital Corp. during the 2nd quarter valued at approximately $693,000. Dynamic Technology Lab Private Ltd grew its position in shares of TICC Capital Corp. by 444.1% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 126,523 shares of the investment management company’s stock valued at $802,000 after acquiring an additional 103,270 shares during the period. Macquarie Group Ltd. bought a new position in shares of TICC Capital Corp. during the 3rd quarter valued at approximately $581,000. Finally, Trexquant Investment LP bought a new position in shares of TICC Capital Corp. during the 2nd quarter valued at approximately $183,000. 17.44% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on TICC shares. BidaskClub lowered shares of TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. TheStreet upgraded shares of TICC Capital Corp. from a “c+” rating to a “b” rating in a report on Thursday, September 7th. National Securities reiterated a “sell” rating and set a $6.00 price objective on shares of TICC Capital Corp. in a report on Monday, August 14th. ValuEngine upgraded shares of TICC Capital Corp. from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Ladenburg Thalmann Financial Services raised shares of TICC Capital Corp. from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $5.50.

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.

Insider Buying and Selling by Quarter for TICC Capital Corp. (NASDAQ:TICC)

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