TICC Capital Corp. (NASDAQ:TICC) is scheduled to announce its earnings results on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.16 per share for the quarter.
TICC Capital Corp. (NASDAQ:TICC) last released its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). TICC Capital Corp. had a net margin of 142.50% and a return on equity of 7.50%. The business had revenue of $17.01 million for the quarter, compared to the consensus estimate of $14.60 million. During the same quarter last year, the firm earned $0.32 EPS. On average, analysts expect TICC Capital Corp. to post $0.62 EPS for the current fiscal year and $0.61 EPS for the next fiscal year.
TICC Capital Corp. (TICC) opened at 6.51 on Monday. The company has a market cap of $335.13 million, a PE ratio of 3.67 and a beta of 0.68. TICC Capital Corp. has a 12-month low of $5.51 and a 12-month high of $8.19. The stock’s 50 day moving average price is $6.72 and its 200 day moving average price is $6.88.
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In other news, 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 price of $6.61 per share, for a total transaction of $113,381.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jonathan H. Cohen purchased 5,077 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was purchased at an average price of $6.67 per share, for a total transaction of $33,863.59. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 63,371 shares of company stock worth $422,090. Corporate insiders own 5.90% of the company’s stock.
TICC has been the subject of several recent analyst reports. TheStreet raised TICC Capital Corp. from a “c+” rating to a “b” rating in a research note on Thursday, September 7th. BidaskClub cut TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut TICC Capital Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, National Securities reaffirmed a “sell” rating and set a $6.00 target price on shares of TICC Capital Corp. in a research note on Monday, August 14th. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The stock has an average rating of “Sell” and an average target price of $6.00.
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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