TICC Capital Corp. (NASDAQ:TICC) declared a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.20 per share by the investment management company on Friday, December 29th. This represents a $0.80 annualized dividend and a yield of 13.18%. The ex-dividend date of this dividend is Thursday, December 14th.

TICC Capital (NASDAQ TICC) opened at $6.07 on Wednesday. The stock has a market capitalization of $317.11, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 2.16 and a beta of 0.65. The company has a quick ratio of 19.74, a current ratio of 19.74 and a debt-to-equity ratio of 0.41. TICC Capital has a fifty-two week low of $5.17 and a fifty-two week high of $8.19.

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

A number of research firms have recently weighed in on TICC. National Securities upgraded TICC Capital from a “sell” rating to a “neutral” rating and dropped their target price for the company from $6.00 to $5.00 in a report on Monday, November 6th. Ladenburg Thalmann Financial Services upgraded TICC Capital from a “neutral” rating to a “buy” rating in a report on Monday, November 6th. ValuEngine upgraded TICC Capital from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research lowered TICC Capital from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, TheStreet upgraded TICC Capital from a “c+” rating to a “b” rating in a report on Thursday, September 7th. Five analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. TICC Capital presently has an average rating of “Hold” and a consensus target price of $5.50.

In other TICC Capital news, CEO Jonathan H. Cohen purchased 7,068 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average cost of $6.07 per share, for a total transaction of $42,902.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Saul B. Rosenthal purchased 8,485 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average price of $6.03 per share, for a total transaction of $51,164.55. The disclosure for this purchase can be found here. Insiders have purchased 141,700 shares of company stock worth $843,621 over the last quarter. 5.90% of the stock is currently owned by corporate insiders.

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About TICC Capital

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.

Dividend History for TICC Capital (NASDAQ:TICC)

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