TICC Capital Corp. (TICC) Shares Bought by Stephens Inc. AR
Stephens Inc. AR increased its stake in shares of TICC Capital Corp. (NASDAQ:TICC) by 37.4% during the first quarter, Holdings Channel reports. The firm owned 22,060 shares of the investment management company’s stock after buying an additional 6,000 shares during the period. Stephens Inc. AR’s holdings in TICC Capital Corp. were worth $163,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. boosted its stake in TICC Capital Corp. by 629.5% in the first 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 period. GSA Capital Partners LLP bought a new stake in TICC Capital Corp. during the fourth quarter valued at approximately $961,000. Blair William & Co. IL bought a new stake in TICC Capital Corp. during the first quarter valued at approximately $1,034,000. Selz Capital LLC boosted 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 valued at $5,365,000 after buying an additional 100,000 shares during the period. Finally, Van ECK Associates Corp boosted its stake in TICC Capital Corp. by 29.0% in the first 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 period. 18.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of TICC Capital Corp. (TICC) traded down 1.40% during trading on Friday, reaching $7.03. 372,372 shares of the company’s stock were exchanged. TICC Capital Corp. has a 52-week low of $5.01 and a 52-week high of $8.19. The stock has a market cap of $361.90 million, a PE ratio of 3.00 and a beta of 0.69. The stock’s 50 day moving average price is $7.23 and its 200-day moving average price is $7.15.
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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TICC has been the topic of several research analyst reports. National Securities reissued a “sell” rating and set a $6.00 price target on shares of TICC Capital Corp. in a research note on Friday, May 12th. Wells Fargo & Company cut shares of TICC Capital Corp. from a “market perform” rating to an “underperform” rating in a research note on Tuesday, April 4th. Zacks Investment Research raised shares of TICC Capital Corp. from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. TheStreet raised shares of TICC Capital Corp. from a “c” rating to a “b” rating in a research note on Friday, March 3rd. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $6.00 price objective on shares of TICC Capital Corp. in a research note on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price 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.
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