Royal Bank of Canada grew its holdings in shares of TICC Capital Corp. (NASDAQ:TICC) by 2.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,705 shares of the investment management company’s stock after buying an additional 1,110 shares during the period. Royal Bank of Canada owned 0.11% of TICC Capital Corp. worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in TICC. Blair William & Co. IL lifted its holdings 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 valued at $829,000 after purchasing an additional 900 shares during the last quarter. Exane Derivatives raised its stake in TICC Capital Corp. by 10.9% during the 2nd quarter. Exane Derivatives now owns 15,784 shares of the investment management company’s stock valued at $100,000 after acquiring an additional 1,547 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in TICC Capital Corp. by 11.9% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 21,260 shares of the investment management company’s stock valued at $135,000 after acquiring an additional 2,260 shares during the last quarter. Tudor Investment Corp ET AL raised its stake in TICC Capital Corp. by 8.8% during the 1st quarter. Tudor Investment Corp ET AL now owns 33,287 shares of the investment management company’s stock valued at $246,000 after acquiring an additional 2,689 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in TICC Capital Corp. by 15.1% during the 2nd quarter. Stephens Inc. AR now owns 25,381 shares of the investment management company’s stock valued at $161,000 after acquiring an additional 3,321 shares during the last quarter. 17.26% of the stock is owned by institutional investors.

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In other TICC Capital Corp. news, CEO Jonathan H. Cohen bought 5,077 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were bought at an average price of $6.67 per share, for a total transaction of $33,863.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Saul B. Rosenthal bought 7,650 shares of the company’s stock in a transaction on Friday, August 25th. The shares were acquired at an average price of $6.69 per share, for a total transaction of $51,178.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 178,730 shares of company stock worth $1,096,516 in the last quarter. 5.90% of the stock is currently owned by insiders.

TICC Capital Corp. (NASDAQ:TICC) opened at $6.06 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 19.74 and a current ratio of 19.74. TICC Capital Corp. has a 52-week low of $5.17 and a 52-week high of $8.19. The stock has a market capitalization of $310.94, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 2.12 and a beta of 0.66.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 13.20%. The ex-dividend date of this dividend is Thursday, December 14th. TICC Capital Corp.’s payout ratio is 76.19%.

TICC has been the subject of several analyst reports. BidaskClub downgraded TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. TheStreet raised TICC Capital Corp. from a “c+” rating to a “b” rating in a research note on Thursday, September 7th. Ladenburg Thalmann Financial Services raised TICC Capital Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. ValuEngine downgraded TICC Capital Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, National Securities reaffirmed a “sell” rating and set a $6.00 price objective on shares of TICC Capital Corp. in a research note on Monday, August 14th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $5.50.

TICC Capital Corp. Company Profile

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.

Institutional Ownership by Quarter for TICC Capital Corp. (NASDAQ:TICC)

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