Shufro Rose & Co. LLC Sells 500 Shares of TICC Capital Corp. (TICC)

Shufro Rose & Co. LLC cut its position in shares of TICC Capital Corp. (NASDAQ:TICC) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,000 shares of the investment management company’s stock after selling 500 shares during the period. Shufro Rose & Co. LLC’s holdings in TICC Capital Corp. were worth $108,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Trexquant Investment LP acquired a new position in TICC Capital Corp. during the second quarter worth $183,000. Eagle Global Advisors LLC raised its position in TICC Capital Corp. by 21.1% in the second quarter. Eagle Global Advisors LLC now owns 107,689 shares of the investment management company’s stock worth $683,000 after buying an additional 18,760 shares in the last quarter. Janney Montgomery Scott LLC raised its position in TICC Capital Corp. by 32.0% in the second quarter. Janney Montgomery Scott LLC now owns 47,518 shares of the investment management company’s stock worth $301,000 after buying an additional 11,530 shares in the last quarter. Exane Derivatives raised its position in TICC Capital Corp. by 10.9% in the second quarter. Exane Derivatives now owns 15,784 shares of the investment management company’s stock worth $100,000 after buying an additional 1,547 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in TICC Capital Corp. during the second quarter worth $2,390,000. Institutional investors and hedge funds own 19.79% of the company’s stock.

TICC Capital Corp. (NASDAQ TICC) opened at 6.66 on Friday. The stock has a market capitalization of $342.85 million, a price-to-earnings ratio of 3.76 and a beta of 0.69. TICC Capital Corp. has a 52-week low of $5.51 and a 52-week high of $8.19. The stock’s 50 day moving average is $6.67 and its 200-day moving average is $7.12.

TICC Capital Corp. (NASDAQ:TICC) last announced its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $17.01 million for the quarter, compared to the consensus estimate of $14.60 million. TICC Capital Corp. had a net margin of 142.50% and a return on equity of 7.50%. During the same quarter in the previous year, the business earned $0.32 earnings per share. Equities research analysts anticipate that TICC Capital Corp. will post $0.62 EPS for the current fiscal year.

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A number of research analysts recently weighed in on the stock. National Securities reiterated a “sell” rating and issued a $6.00 price objective on shares of TICC Capital Corp. in a research note on Monday. BidaskClub lowered shares of TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of TICC Capital Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. TheStreet lowered shares of TICC Capital Corp. from a “b” rating to a “c+” rating in a research note on Friday, June 2nd. Finally, Barclays PLC reiterated a “sell” rating and issued a $6.00 price objective on shares of TICC Capital Corp. in a research note on Wednesday, May 24th. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the company. TICC Capital Corp. presently has a consensus rating of “Sell” and an average target price of $6.75.

In other news, insider Saul B. Rosenthal acquired 17,153 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost of $6.61 per share, for a total transaction of $113,381.33. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 5.90% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for TICC Capital Corp. (NASDAQ:TICC)

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