TICC Capital Corp. (NASDAQ:TICC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “TICC Capital Corp. is a business development company primarily engaged in providing capital to technology-related companies. TICC concentrates its investments in companies having annual revenues of less than two hundred million dollar and/or a market capitalization or enterprise value of less than three hundred million dollar, with a focus on businesses. “

Several other equities research analysts also recently commented on TICC. BidaskClub downgraded TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. National Securities reiterated a “sell” rating and set a $6.00 target price on shares of TICC Capital Corp. in a report on Monday, August 14th. TheStreet upgraded TICC Capital Corp. from a “c+” rating to a “b” rating in a report on Thursday, September 7th. ValuEngine lowered TICC Capital Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Ladenburg Thalmann Financial Services upgraded TICC Capital Corp. from a “neutral” rating to a “buy” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.50.

Shares of TICC Capital Corp. (TICC) traded down $0.03 during trading hours on Wednesday, hitting $6.11. The company had a trading volume of 145,654 shares, compared to its average volume of 320,650. The stock has a market cap of $317.11, a P/E ratio of 10.49, a P/E/G ratio of 2.10 and a beta of 0.66. The company has a current ratio of 19.74, a quick ratio of 19.74 and a debt-to-equity ratio of 0.41. TICC Capital Corp. has a 1-year low of $5.17 and a 1-year high of $8.19.

TICC Capital Corp. (NASDAQ:TICC) last announced its earnings results on Thursday, November 2nd. The investment management company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The company had revenue of $14.50 million for the quarter, compared to analysts’ expectations of $15.97 million. TICC Capital Corp. had a net margin of 94.98% and a return on equity of 7.64%. The business’s quarterly revenue was down 19.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. equities research analysts expect that TICC Capital Corp. will post 0.57 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Downgrades TICC Capital Corp. (TICC) to Sell” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/11/10/zacks-investment-research-downgrades-ticc-capital-corp-ticc-to-sell.html.

In other news, CEO Jonathan H. Cohen bought 5,077 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was bought at an average price of $6.67 per share, for a total transaction of $33,863.59. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Saul B. Rosenthal bought 10,021 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average price of $6.66 per share, with a total value of $66,739.86. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 148,953 shares of company stock valued at $927,294. 5.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu KCG Holdings LLC grew its position in shares of TICC Capital Corp. by 90.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 40,996 shares of the investment management company’s stock worth $260,000 after acquiring an additional 19,510 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of TICC Capital Corp. by 444.1% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 126,523 shares of the investment management company’s stock worth $802,000 after acquiring an additional 103,270 shares in the last quarter. Legal & General Group Plc grew its position in shares of TICC Capital Corp. by 4.5% in the 1st quarter. Legal & General Group Plc now owns 120,128 shares of the investment management company’s stock worth $886,000 after acquiring an additional 5,210 shares in the last quarter. Blair William & Co. IL grew its position in shares of TICC Capital Corp. by 0.7% in the 2nd quarter. Blair William & Co. IL now owns 130,760 shares of the investment management company’s stock worth $829,000 after acquiring an additional 900 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of TICC Capital Corp. by 7.9% in the 1st quarter. Morgan Stanley now owns 334,494 shares of the investment management company’s stock worth $2,468,000 after acquiring an additional 24,554 shares in the last quarter. Institutional investors own 17.44% 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.

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.