TICC Capital Corp. (TICC) Upgraded at Ladenburg Thalmann Financial Services

TICC Capital Corp. (NASDAQ:TICC) was upgraded by investment analysts at Ladenburg Thalmann Financial Services from a “neutral” rating to a “buy” rating in a report released on Monday.

TICC has been the subject of several other research reports. TheStreet raised TICC Capital Corp. from a “c+” rating to a “b” rating in a research note on Thursday, September 7th. BidaskClub downgraded TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded TICC Capital Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine downgraded TICC Capital Corp. from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, National Securities reiterated a “sell” rating and issued a $6.00 price objective on shares of TICC Capital Corp. in a research report on Monday, August 14th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $6.00.

TICC Capital Corp. (NASDAQ:TICC) opened at $5.36 on Monday. The company has a market capitalization of $275.93, a PE ratio of 9.40, a PEG ratio of 1.74 and a beta of 0.66. The company has a current ratio of 19.74, a quick ratio of 19.74 and a debt-to-equity ratio of 0.41. TICC Capital Corp. has a twelve month low of $5.17 and a twelve month high of $8.19.

TICC Capital Corp. (NASDAQ:TICC) last issued its earnings results on Thursday, November 2nd. The investment management company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The firm had revenue of $14.50 million during the quarter, compared to analysts’ expectations of $15.97 million. TICC Capital Corp. had a return on equity of 7.64% and a net margin of 94.98%. The firm’s quarterly revenue was down 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. research analysts forecast that TICC Capital Corp. will post 0.62 EPS for the current fiscal year.

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In other TICC Capital Corp. news, insider Saul B. Rosenthal bought 17,153 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of $6.61 per share, for a total transaction of $113,381.33. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jonathan H. Cohen bought 5,077 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were acquired at an average price of $6.67 per share, with a total value of $33,863.59. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 63,371 shares of company stock valued at $422,090. 5.90% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Blair William & Co. IL raised its holdings in TICC Capital Corp. by 0.7% in the second quarter. Blair William & Co. IL now owns 130,760 shares of the investment management company’s stock worth $829,000 after purchasing an additional 900 shares in the last quarter. Royal Bank of Canada raised its holdings in TICC Capital Corp. by 2.1% in the second quarter. Royal Bank of Canada now owns 54,705 shares of the investment management company’s stock worth $346,000 after purchasing an additional 1,110 shares in the last quarter. Exane Derivatives raised its holdings 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 purchasing an additional 1,547 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in TICC Capital Corp. by 11.9% in 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. Finally, Tudor Investment Corp ET AL raised its holdings in TICC Capital Corp. by 8.8% in the first quarter. Tudor Investment Corp ET AL now owns 33,287 shares of the investment management company’s stock worth $246,000 after purchasing an additional 2,689 shares in the last quarter. Institutional investors own 17.44% of the company’s stock.

TICC Capital Corp. 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.

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