ValuEngine cut shares of Technology Investment Capital (NASDAQ:OXSQ) from a buy rating to a hold rating in a research report released on Tuesday morning.
Several other research analysts also recently weighed in on OXSQ. National Securities downgraded shares of Technology Investment Capital from a neutral rating to a sell rating and set a $5.00 target price for the company. in a research note on Monday, December 4th. Zacks Investment Research upgraded shares of Technology Investment Capital from a sell rating to a hold rating and set a $6.50 target price for the company in a research note on Wednesday, January 10th. Finally, BidaskClub upgraded shares of Technology Investment Capital from a strong sell rating to a sell rating in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $5.83.
Technology Investment Capital stock opened at $6.25 on Tuesday. Technology Investment Capital has a 52-week low of $5.15 and a 52-week high of $7.56. The firm has a market capitalization of $319.43, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.93 and a beta of 0.40.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were paid a $0.20 dividend. The ex-dividend date was Thursday, March 15th. This represents a $0.80 annualized dividend and a dividend yield of 12.80%. Technology Investment Capital’s dividend payout ratio (DPR) is presently 133.33%.
In related news, CEO Jonathan H. Cohen acquired 16,550 shares of Technology Investment Capital stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $5.51 per share, for a total transaction of $91,190.50. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Saul B. Rosenthal acquired 4,100 shares of Technology Investment Capital stock in a transaction on Monday, March 26th. The shares were bought at an average price of $6.15 per share, for a total transaction of $25,215.00. The disclosure for this purchase can be found here. Insiders bought 216,680 shares of company stock valued at $1,289,455 over the last 90 days. Insiders own 5.90% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3335071/technology-investment-capital-oxsq-rating-lowered-to-hold-at-valuengine.html.
About Technology Investment Capital
TICC Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, and common stock.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Technology Investment Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Technology Investment Capital and related companies with MarketBeat.com's FREE daily email newsletter.