TICC Capital Corp. (NASDAQ:TICC) Stock Rating Lowered by BidaskClub
BidaskClub lowered shares of TICC Capital Corp. (NASDAQ:TICC) from a sell rating to a strong sell rating in a report released on Tuesday morning.
A number of other equities research analysts have also weighed in on TICC. Wells Fargo & Company lowered shares of TICC Capital Corp. from a market perform rating to an underperform rating in a report on Tuesday, April 4th. Zacks Investment Research raised shares of TICC Capital Corp. from a hold rating to a buy rating and set a $8.25 target price on the stock in a report on Friday, April 7th. National Securities reissued a sell rating and set a $6.00 target price on shares of TICC Capital Corp. in a report on Friday, April 7th. Barclays PLC reissued a sell rating and set a $6.00 target price on shares of TICC Capital Corp. in a report on Wednesday, May 24th. Finally, TheStreet lowered shares of TICC Capital Corp. from a b rating to a c+ rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. TICC Capital Corp. currently has an average rating of Sell and a consensus price target of $6.75.
Shares of TICC Capital Corp. (TICC) traded down 0.61% during trading on Tuesday, reaching $6.54. 143,256 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $6.79 and its 200-day moving average price is $7.14. TICC Capital Corp. has a 52-week low of $5.51 and a 52-week high of $8.19. The stock has a market cap of $336.67 million, a PE ratio of 2.79 and a beta of 0.68.
TICC Capital Corp. (NASDAQ:TICC) last posted its earnings results on Monday, May 8th. The investment management company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. TICC Capital Corp. had a net margin of 197.98% and a return on equity of 7.55%. The firm had revenue of $16.50 million for the quarter, compared to analyst estimates of $17.02 million. During the same period in the previous year, the firm posted $0.08 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that TICC Capital Corp. will post $0.63 EPS for the current year.
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A number of large investors have recently bought and sold shares of the company. Guggenheim Capital LLC raised its stake in TICC Capital Corp. by 24.9% in the fourth quarter. Guggenheim Capital LLC now owns 363,679 shares of the investment management company’s stock worth $2,404,000 after buying an additional 72,515 shares during the last quarter. DnB Asset Management AS raised its stake in TICC Capital Corp. by 156.7% in the first quarter. DnB Asset Management AS now owns 141,547 shares of the investment management company’s stock worth $1,045,000 after buying an additional 86,400 shares in the last quarter. Selz Capital LLC raised its stake in TICC Capital Corp. by 15.9% in the first quarter. Selz Capital LLC now owns 727,000 shares of the investment management company’s stock worth $5,365,000 after buying an additional 100,000 shares in the last quarter. IFC Holdings Incorporated FL raised its stake in TICC Capital Corp. by 2.1% in the first quarter. IFC Holdings Incorporated FL now owns 33,511 shares of the investment management company’s stock worth $246,000 after buying an additional 691 shares in the last quarter. Finally, Exane Derivatives purchased a new stake in TICC Capital Corp. during the first quarter worth approximately $105,000. 19.70% of the stock is currently owned by hedge funds and other institutional investors.
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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