Jonathan H. Cohen Purchases 40,260 Shares of TICC Capital Corp. (TICC) Stock

TICC Capital Corp. (NASDAQ:TICC) CEO Jonathan H. Cohen acquired 40,260 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were purchased at an average cost of $5.82 per share, for a total transaction of $234,313.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Shares of TICC Capital Corp. (NASDAQ TICC) opened at $5.82 on Thursday. TICC Capital Corp. has a 52 week low of $5.17 and a 52 week high of $8.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 19.74 and a current ratio of 19.74. The company has a market cap of $297.55, a P/E ratio of 10.14, a PEG ratio of 2.03 and a beta of 0.65.

TICC Capital (NASDAQ:TICC) last released its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). TICC Capital had a net margin of 94.98% and a return on equity of 7.64%. The company had revenue of $14.50 million for the quarter, compared to the consensus estimate of $15.97 million. During the same period last year, the company earned $0.30 earnings per share. TICC Capital’s revenue for the quarter was down 19.9% compared to the same quarter last year. analysts anticipate that TICC Capital Corp. will post 0.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 13.75%. TICC Capital’s dividend payout ratio (DPR) is currently 68.38%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its stake in shares of TICC Capital by 75.5% during the third quarter. GSA Capital Partners LLP now owns 210,900 shares of the investment management company’s stock valued at $1,445,000 after purchasing an additional 90,700 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of TICC Capital by 24.8% during the third quarter. Janney Montgomery Scott LLC now owns 59,294 shares of the investment management company’s stock valued at $406,000 after purchasing an additional 11,776 shares during the last quarter. Cowen Inc. bought a new stake in shares of TICC Capital during the third quarter valued at approximately $262,000. Hillsdale Investment Management Inc. grew its stake in shares of TICC Capital by 14.2% during the third quarter. Hillsdale Investment Management Inc. now owns 193,200 shares of the investment management company’s stock valued at $1,323,000 after purchasing an additional 24,000 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of TICC Capital by 14.4% during the third quarter. Legal & General Group Plc now owns 146,257 shares of the investment management company’s stock valued at $1,001,000 after purchasing an additional 18,430 shares during the last quarter. 15.88% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. TheStreet raised shares of TICC Capital from a “c+” rating to a “b” rating in a research note on Thursday, September 7th. National Securities cut shares of TICC Capital from a “neutral” rating to a “sell” rating and set a $5.00 price objective on the stock. in a research note on Monday, December 4th. ValuEngine raised shares of TICC Capital from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of TICC Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, Ladenburg Thalmann Financial Services raised shares of TICC Capital from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Five 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 a consensus target price of $5.50.

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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.

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