TICC Capital Corp. (TICC) CEO Jonathan H. Cohen Buys 40,260 Shares

TICC Capital Corp. (NASDAQ:TICC) CEO Jonathan H. Cohen purchased 40,260 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was bought at an average price of $5.82 per share, with a total value of $234,313.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jonathan H. Cohen also recently made the following trade(s):

  • On Tuesday, December 12th, Jonathan H. Cohen purchased 22,737 shares of TICC Capital stock. The stock was bought at an average price of $6.08 per share, with a total value of $138,240.96.
  • On Wednesday, November 22nd, Jonathan H. Cohen purchased 1,070 shares of TICC Capital stock. The stock was bought at an average price of $6.09 per share, with a total value of $6,516.30.
  • On Wednesday, November 15th, Jonathan H. Cohen purchased 25,529 shares of TICC Capital stock. The stock was bought at an average price of $6.02 per share, with a total value of $153,684.58.
  • On Wednesday, November 8th, Jonathan H. Cohen purchased 53,316 shares of TICC Capital stock. The stock was bought at an average price of $5.92 per share, with a total value of $315,630.72.

TICC Capital Corp. (NASDAQ:TICC) traded down $0.02 on Wednesday, reaching $5.78. The company had a trading volume of 309,400 shares, compared to its average volume of 327,079. TICC Capital Corp. has a 12-month low of $5.17 and a 12-month high of $8.19. The firm has a market capitalization of $298.58, a PE ratio of 10.18, a PEG ratio of 2.04 and a beta of 0.65. The company has a quick ratio of 19.74, a current ratio of 19.74 and a debt-to-equity ratio of 0.41.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 13.84%. The ex-dividend date of this dividend is Thursday, December 14th. TICC Capital’s dividend payout ratio is presently 68.38%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TICC. Sheaff Brock Investment Advisors LLC lifted its stake in TICC Capital by 11.9% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 21,260 shares of the investment management company’s stock worth $135,000 after purchasing an additional 2,260 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in TICC Capital during the second quarter worth $136,000. CIBC World Markets Inc. lifted its stake in TICC Capital by 116.9% during the second quarter. CIBC World Markets Inc. now owns 23,698 shares of the investment management company’s stock worth $150,000 after purchasing an additional 12,771 shares in the last quarter. Stephens Inc. AR lifted its stake in TICC Capital by 15.1% during the second quarter. Stephens Inc. AR now owns 25,381 shares of the investment management company’s stock worth $161,000 after purchasing an additional 3,321 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in TICC Capital during the second quarter worth $183,000. Hedge funds and other institutional investors own 15.88% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. National Securities upgraded TICC Capital from a “sell” rating to a “neutral” rating and dropped their price target for the company from $6.00 to $5.00 in a research report on Monday, November 6th. Ladenburg Thalmann Financial Services upgraded TICC Capital from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. ValuEngine upgraded TICC Capital from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered TICC Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, TheStreet upgraded TICC Capital from a “c+” rating to a “b” rating in a report on Thursday, September 7th. Five investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.50.

WARNING: “TICC Capital Corp. (TICC) CEO Jonathan H. Cohen Buys 40,260 Shares” was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://sportsperspectives.com/2017/12/20/ticc-capital-corp-ticc-ceo-jonathan-h-cohen-buys-40260-shares.html.

TICC Capital 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.

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

Receive News & Ratings for TICC Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TICC Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply