Media headlines about TICC Capital (NASDAQ:TICC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TICC Capital earned a news impact score of 0.12 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 45.997989312408 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Pay mind to Zimmer Biomet, 4 other firms with insider buys – Tribune-Review (triblive.com)
- On Investments: A look at companies whose CEOs bought own shares – Omaha World-Herald (omaha.com)
- Insider Buys: Cross Country Healthcare And Four Other Companies (finance.yahoo.com)
- Financial Comparison: Fidus Investment (FDUS) vs. TICC Capital (TICC) (americanbankingnews.com)
- TICC Capital Corp. (TICC) CEO Jonathan H. Cohen Purchases 10,474 Shares (americanbankingnews.com)
Shares of TICC Capital (NASDAQ TICC) opened at $6.24 on Wednesday. TICC Capital has a 52 week low of $5.15 and a 52 week high of $7.56. The company has a market capitalization of $322.50, a price-to-earnings ratio of 7.34, a P/E/G ratio of 1.95 and a beta of 0.43.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.80 dividend on an annualized basis and a yield of 12.82%. TICC Capital’s payout ratio is 94.12%.
TICC Capital declared that its board has initiated a share repurchase plan on Tuesday, February 6th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the investment management company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
A number of equities research analysts recently commented on the company. National Securities reaffirmed a “sell” rating and set a $5.00 price objective on shares of TICC Capital in a research note on Monday, March 5th. BidaskClub raised TICC Capital from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research raised TICC Capital from a “sell” rating to a “hold” rating and set a $6.50 price objective for the company in a research note on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. TICC Capital has a consensus rating of “Hold” and a consensus target price of $5.83.
In other TICC Capital news, insider Saul B. Rosenthal bought 12,018 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was purchased at an average cost of $6.17 per share, with a total value of $74,151.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jonathan H. Cohen bought 10,474 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was acquired at an average cost of $6.33 per share, with a total value of $66,300.42. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 216,193 shares of company stock valued at $1,256,085. Insiders own 5.90% of the company’s stock.
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.
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