Sheaff Brock Investment Advisors LLC Grows Position in TICC Capital Corp. (TICC)

Sheaff Brock Investment Advisors LLC lifted its holdings in TICC Capital Corp. (NASDAQ:TICC) by 11.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,260 shares of the investment management company’s stock after acquiring an additional 2,260 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in TICC Capital Corp. were worth $135,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in TICC. BlueCrest Capital Management Ltd bought a new position in shares of TICC Capital Corp. in the first quarter worth about $131,000. Van ECK Associates Corp raised its holdings in TICC Capital Corp. by 29.0% in the 1st quarter. Van ECK Associates Corp now owns 393,663 shares of the investment management company’s stock valued at $2,905,000 after buying an additional 88,544 shares during the last quarter. Airain ltd bought a new position in TICC Capital Corp. in the 1st quarter valued at approximately $211,000. Two Sigma Securities LLC raised its holdings in TICC Capital Corp. by 85.6% in the 1st quarter. Two Sigma Securities LLC now owns 23,071 shares of the investment management company’s stock valued at $170,000 after buying an additional 10,641 shares during the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in TICC Capital Corp. by 629.5% in the 1st quarter. Muzinich & Co. Inc. now owns 1,439,532 shares of the investment management company’s stock valued at $10,624,000 after buying an additional 1,242,211 shares during the last quarter. Institutional investors and hedge funds own 17.45% of the company’s stock.

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In other news, CEO Jonathan H. Cohen purchased 5,077 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average price of $6.67 per share, for a total transaction of $33,863.59. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Saul B. Rosenthal purchased 10,021 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of $6.66 per share, with a total value of $66,739.86. The disclosure for this purchase can be found here. Insiders have purchased 63,371 shares of company stock valued at $422,090 in the last quarter. 5.90% of the stock is currently owned by company insiders.

Shares of TICC Capital Corp. (NASDAQ:TICC) opened at 6.63 on Friday. The company has a 50-day moving average price of $6.69 and a 200 day moving average price of $7.02. The stock has a market cap of $341.31 million, a price-to-earnings ratio of 3.74 and a beta of 0.67. TICC Capital Corp. has a one year low of $5.51 and a one year high of $8.19.

TICC Capital Corp. (NASDAQ:TICC) last posted its quarterly earnings data on Tuesday, August 8th. The investment management company reported $0.15 EPS for the quarter, missing the consensus estimate 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 company had revenue of $17.01 million during the quarter, compared to the consensus estimate of $14.60 million. During the same period last year, the business earned $0.32 EPS. Equities research analysts expect that TICC Capital Corp. will post $0.61 earnings per share for the current year.

TICC has been the subject of a number of recent analyst reports. TheStreet downgraded shares of TICC Capital Corp. from a “b” rating to a “c+” rating in a research report on Friday, June 2nd. Barclays PLC reaffirmed a “sell” rating and set a $6.00 price objective on shares of TICC Capital Corp. in a research report on Wednesday, May 24th. Zacks Investment Research downgraded shares of TICC Capital Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. National Securities reissued a “sell” rating and issued a $6.00 price target on shares of TICC Capital Corp. in a research report on Monday, August 14th. Finally, BidaskClub downgraded shares of TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. TICC Capital Corp. has a consensus rating of “Sell” and a consensus price target of $6.75.

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.

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

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