Technology Investment Capital (OXSQ) Rating Lowered to Hold at ValuEngine

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.

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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.

Technology Investment Capital (NASDAQ:OXSQ) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $13.40 million during the quarter, compared to analyst estimates of $13.27 million. Technology Investment Capital had a net margin of 71.02% and a return on equity of 7.71%. The business’s quarterly revenue was down 29.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. research analysts forecast that Technology Investment Capital will post 0.64 EPS for the current fiscal year.

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.

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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.

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