Texas Yale Capital Corp. continued to hold its position in shares of TICC Capital Corp. (NASDAQ:TICC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,652 shares of the investment management company’s stock at the end of the second quarter. Texas Yale Capital Corp. owned about 0.27% of TICC Capital Corp. worth $866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TICC. Muzinich & Co. Inc. increased its position in shares of 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 worth $10,624,000 after buying an additional 1,242,211 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of TICC Capital Corp. during the second quarter worth about $2,390,000. UBS Group AG increased its position in shares of TICC Capital Corp. by 20.4% in the first quarter. UBS Group AG now owns 1,399,942 shares of the investment management company’s stock worth $10,332,000 after buying an additional 237,193 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of TICC Capital Corp. during the first quarter worth about $1,034,000. Finally, Van ECK Associates Corp increased its position in shares of 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 worth $2,905,000 after buying an additional 88,544 shares during the last quarter. 19.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TICC Capital Corp. (NASDAQ TICC) opened at 6.68 on Monday. 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 $343.88 million, a P/E ratio of 3.77 and a beta of 0.69. The firm’s 50-day moving average is $6.68 and its 200 day moving average is $7.12.

TICC Capital Corp. (NASDAQ:TICC) last announced its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $17.01 million during the quarter, compared to analysts’ expectations of $14.60 million. TICC Capital Corp. had a net margin of 142.50% and a return on equity of 7.50%. During the same quarter in the prior year, the company earned $0.32 earnings per share. Analysts forecast that TICC Capital Corp. will post $0.62 earnings per share for the current fiscal year.

WARNING: “Texas Yale Capital Corp. Continues to Hold Stake in TICC Capital Corp. (TICC)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/08/21/texas-yale-capital-corp-continues-to-hold-stake-in-ticc-capital-corp-ticc.html.

TICC has been the topic of a number of analyst reports. National Securities reaffirmed a “sell” rating and issued a $6.00 price objective on shares of TICC Capital Corp. in a research report on Friday, May 12th. Barclays PLC reaffirmed a “sell” rating and issued 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. BidaskClub downgraded shares of TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, TheStreet downgraded shares of TICC Capital Corp. from a “b” rating to a “c+” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. The stock presently has a consensus rating of “Sell” and a consensus price target of $6.75.

In related news, insider Saul B. Rosenthal purchased 17,153 shares of the company’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $6.61 per share, for a total transaction of $113,381.33. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.90% of the company’s stock.

About TICC Capital Corp.

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.

Want to see what other hedge funds are holding TICC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TICC Capital Corp. (NASDAQ:TICC).

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

Receive News & Stock Ratings for TICC Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TICC Capital Corp. and related stocks with our FREE daily email newsletter.