Somewhat Favorable Media Coverage Somewhat Unlikely to Impact TICC Capital (TICC) Stock Price

Media headlines about TICC Capital (NASDAQ:TICC) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TICC Capital earned a news impact score of 0.03 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 45.0131973056013 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several research firms recently commented on TICC. National Securities upgraded TICC Capital from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $6.00 to $5.00 in a research note on Monday, November 6th. ValuEngine downgraded TICC Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Zacks Investment Research downgraded TICC Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, Ladenburg Thalmann Financial Services upgraded TICC Capital from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Five equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.50.

Shares of TICC Capital (NASDAQ TICC) opened at $5.79 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 19.74 and a quick ratio of 19.74. TICC Capital has a 12-month low of $5.17 and a 12-month high of $8.19. The stock has a market capitalization of $298.07, a price-to-earnings ratio of 5.51, a P/E/G ratio of 1.92 and a beta of 0.65.

TICC Capital (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 had a return on equity of 7.64% and a net margin of 94.98%. The business had revenue of $14.50 million during the quarter, compared to analysts’ expectations of $15.97 million. During the same quarter last year, the business posted $0.30 EPS. The company’s quarterly revenue was down 19.9% on a year-over-year basis. analysts expect that TICC Capital will post 0.57 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.82%. TICC Capital’s dividend payout ratio (DPR) is presently 76.19%.

In other news, insider Saul B. Rosenthal bought 27,632 shares of TICC Capital stock in a transaction that occurred on Wednesday, December 13th. The shares were acquired at an average price of $6.06 per share, with a total value of $167,449.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Saul B. Rosenthal bought 4,445 shares of TICC Capital stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $5.94 per share, for a total transaction of $26,403.30. The disclosure for this purchase can be found here. Insiders purchased 299,792 shares of company stock worth $1,777,006 in the last quarter. 5.90% of the stock is currently owned by company insiders.

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About TICC Capital

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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