TICC Capital Corp. (TICC) CEO Buys $91,190.50 in Stock

TICC Capital Corp. (NASDAQ:TICC) CEO Jonathan H. Cohen acquired 16,550 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $5.51 per share, for a total transaction of $91,190.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, February 9th, Jonathan H. Cohen purchased 4,301 shares of TICC Capital stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $23,655.50.
  • On Thursday, December 21st, Jonathan H. Cohen purchased 14,823 shares of TICC Capital stock. The shares were acquired at an average cost of $5.83 per share, for a total transaction of $86,418.09.
  • On Tuesday, December 19th, Jonathan H. Cohen purchased 40,260 shares of TICC Capital stock. The shares were acquired at an average cost of $5.82 per share, for a total transaction of $234,313.20.
  • On Tuesday, December 12th, Jonathan H. Cohen purchased 22,737 shares of TICC Capital stock. The shares were acquired at an average cost of $6.08 per share, for a total transaction of $138,240.96.
  • On Wednesday, November 22nd, Jonathan H. Cohen purchased 1,070 shares of TICC Capital stock. The shares were acquired at an average cost of $6.09 per share, for a total transaction of $6,516.30.
  • On Wednesday, November 15th, Jonathan H. Cohen purchased 25,529 shares of TICC Capital stock. The shares were acquired at an average cost of $6.02 per share, for a total transaction of $153,684.58.

TICC Capital Corp. (NASDAQ TICC) opened at $5.68 on Thursday. The firm has a market cap of $290.86, a PE ratio of 9.91, a PEG ratio of 1.85 and a beta of 0.55. TICC Capital Corp. has a 52 week low of $5.15 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.

TICC Capital declared that its board has authorized a stock repurchase program on Tuesday, February 6th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the investment management company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have commented on the stock. BidaskClub raised shares of TICC Capital from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of TICC Capital from a “sell” rating to a “hold” rating and set a $6.50 price target on the stock in a research report on Wednesday, January 10th. National Securities raised shares of TICC Capital from a “sell” rating to a “neutral” rating and cut their price target for the stock from $6.00 to $5.00 in a research report on Monday, November 6th. ValuEngine cut shares of TICC Capital from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Ladenburg Thalmann Financial Services raised shares of TICC Capital from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Four analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. TICC Capital has a consensus rating of “Hold” and a consensus target price of $5.83.

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of TICC Capital by 2.1% during the 2nd 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 during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of TICC Capital by 24.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 59,294 shares of the investment management company’s stock worth $406,000 after purchasing an additional 11,776 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of TICC Capital by 82.8% during the 4th quarter. Wedbush Securities Inc. now owns 27,600 shares of the investment management company’s stock worth $158,000 after purchasing an additional 12,500 shares during the last quarter. Ramsey Quantitative Systems acquired a new position in shares of TICC Capital during the 4th quarter worth about $103,000. Finally, Legal & General Group Plc increased its stake in shares of TICC Capital by 14.4% during the 3rd quarter. Legal & General Group Plc now owns 146,257 shares of the investment management company’s stock worth $1,001,000 after purchasing an additional 18,430 shares during the last quarter. Institutional investors own 15.81% of the company’s stock.

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About TICC Capital

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.

Insider Buying and Selling by Quarter for TICC Capital (NASDAQ:TICC)

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