TICC Capital Corp. (NASDAQ:TICC) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a report released on Thursday.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of TICC Capital Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Barclays PLC reaffirmed a “sell” rating and issued a $6.00 price target on shares of TICC Capital Corp. in a report on Wednesday, May 24th. National Securities reaffirmed a “sell” rating and issued a $6.00 price target on shares of TICC Capital Corp. in a report on Friday, May 12th. Finally, BidaskClub downgraded shares of TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and a consensus price target of $6.75.

TICC Capital Corp. (NASDAQ TICC) traded up 0.14% on Thursday, hitting $6.92. The stock had a trading volume of 225,917 shares. The stock has a market cap of $356.23 million, a PE ratio of 3.90 and a beta of 0.67. TICC Capital Corp. has a 12 month low of $5.51 and a 12 month high of $8.19. The firm’s 50 day moving average price is $6.67 and its 200-day moving average price is $7.04.

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

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In other news, CEO Jonathan H. Cohen acquired 5,077 shares of TICC Capital Corp. stock in a transaction that occurred on Wednesday, August 30th. The shares were acquired at an average price of $6.67 per share, with a total value of $33,863.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Saul B. Rosenthal acquired 10,021 shares of TICC Capital Corp. stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average cost of $6.66 per share, for a total transaction of $66,739.86. The disclosure for this purchase can be found here. Insiders have purchased 63,371 shares of company stock worth $422,090 in the last three months. Insiders own 5.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd lifted its stake in shares of TICC Capital Corp. by 444.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 126,523 shares of the investment management company’s stock valued at $802,000 after buying an additional 103,270 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of TICC Capital Corp. during the second quarter valued at approximately $693,000. Royal Bank of Canada lifted its stake in shares of TICC Capital Corp. by 2.1% during the second quarter. Royal Bank of Canada now owns 54,705 shares of the investment management company’s stock valued at $346,000 after buying an additional 1,110 shares during the period. Virtu KCG Holdings LLC lifted its stake in shares of TICC Capital Corp. by 90.8% during the second quarter. Virtu KCG Holdings LLC now owns 40,996 shares of the investment management company’s stock valued at $260,000 after buying an additional 19,510 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of TICC Capital Corp. by 6.7% during the second quarter. Van ECK Associates Corp now owns 419,844 shares of the investment management company’s stock valued at $2,662,000 after buying an additional 26,181 shares during the period. 17.45% of the stock is currently owned by institutional investors and hedge funds.

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.

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