BidaskClub upgraded shares of TICC Capital (NASDAQ:TICC) from a strong sell rating to a sell rating in a research report report published on Wednesday.

Other research analysts have also recently issued research reports about the company. ValuEngine upgraded TICC Capital from a hold rating to a buy rating in a research report on Thursday, November 9th. Ladenburg Thalmann Financial Services upgraded TICC Capital from a neutral rating to a buy rating in a research report on Monday, November 6th. Zacks Investment Research cut TICC Capital from a buy rating to a hold rating in a research report on Saturday, January 20th. Finally, National Securities upgraded TICC Capital from a sell rating to a neutral rating and dropped their price target for the company from $6.00 to $5.00 in a research report on Monday, November 6th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. TICC Capital currently has an average rating of Hold and a consensus target price of $5.83.

TICC Capital (NASDAQ:TICC) opened at $5.46 on Wednesday. TICC Capital has a 52-week low of $5.15 and a 52-week high of $8.19. The firm has a market capitalization of $283.65, a price-to-earnings ratio of 4.67, a PEG ratio of 1.81 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 19.74 and a quick ratio of 19.74.

TICC Capital declared that its Board of Directors has authorized a share repurchase plan on Tuesday, February 6th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the investment management company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, CEO Jonathan H. Cohen purchased 40,260 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average price of $5.82 per share, for a total transaction of $234,313.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Saul B. Rosenthal acquired 12,916 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $6.02 per share, with a total value of $77,754.32. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 214,210 shares of company stock valued at $1,271,803. Company insiders own 5.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Virtu KCG Holdings LLC increased its position in TICC Capital by 90.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 40,996 shares of the investment management company’s stock worth $260,000 after purchasing an additional 19,510 shares in the last quarter. GSA Capital Partners LLP increased its position in TICC Capital by 75.5% during the 3rd quarter. GSA Capital Partners LLP now owns 210,900 shares of the investment management company’s stock worth $1,445,000 after purchasing an additional 90,700 shares in the last quarter. Cowen Inc. purchased a new stake in TICC Capital during the 3rd quarter worth about $262,000. Macquarie Group Ltd. purchased a new stake in TICC Capital during the 3rd quarter worth about $581,000. Finally, Dynamic Technology Lab Private Ltd increased its position in TICC Capital by 444.1% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 126,523 shares of the investment management company’s stock worth $802,000 after purchasing an additional 103,270 shares in the last quarter. Hedge funds and other institutional investors own 15.80% of the company’s stock.

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TICC Capital 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.

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