TICC Capital Corp. (TICC) Given Consensus Rating of “Sell” by Analysts

TICC Capital Corp. (NASDAQ:TICC) has earned an average rating of “Sell” from the six brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and one has given a hold recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $6.00.

TICC has been the topic of a number of recent research reports. Zacks Investment Research downgraded TICC Capital Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub downgraded TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. TheStreet raised TICC Capital Corp. from a “c+” rating to a “b” rating in a research report on Thursday, September 7th. Finally, National Securities reissued a “sell” rating and set a $6.00 price target on shares of TICC Capital Corp. in a research report on Monday, August 14th.

TICC Capital Corp. (NASDAQ:TICC) last released its earnings results on Tuesday, August 8th. The investment management company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). TICC Capital Corp. had a return on equity of 7.50% and a net margin of 142.50%. The business had revenue of $17.01 million during the quarter, compared to analysts’ expectations of $14.60 million. During the same quarter in the previous year, the business earned $0.32 EPS.

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In other news, insider Saul B. Rosenthal purchased 9,682 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were acquired at an average price of $6.68 per share, with a total value of $64,675.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jonathan H. Cohen purchased 5,077 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were purchased at an average cost of $6.67 per share, for a total transaction of $33,863.59. The disclosure for this purchase can be found here. Insiders have bought a total of 63,371 shares of company stock worth $422,090 in the last three months. Corporate insiders own 5.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Aperio Group LLC grew its position in shares of TICC Capital Corp. by 239.8% during the 3rd quarter. Aperio Group LLC now owns 34,789 shares of the investment management company’s stock worth $238,000 after buying an additional 24,550 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in TICC Capital Corp. by 444.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 126,523 shares of the investment management company’s stock valued at $802,000 after purchasing an additional 103,270 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in TICC Capital Corp. during the second quarter valued at about $693,000. Royal Bank of Canada boosted its position in TICC Capital Corp. by 2.1% during the second quarter. Royal Bank of Canada now owns 54,705 shares of the investment management company’s stock valued at $346,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its position in TICC Capital Corp. by 90.8% during the second quarter. Virtu KCG Holdings LLC now owns 40,996 shares of the investment management company’s stock valued at $260,000 after purchasing an additional 19,510 shares in the last quarter. 17.38% of the stock is currently owned by institutional investors and hedge funds.

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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