Ticc Capital Corp. (ticc) Plans $0.29 Quarterly Dividend
Ticc Capital Corp. (NASDAQ:ticc) announced a quarterly dividend on Monday, November 28th. Shareholders of record on Friday, December 16th will be paid a dividend of 0.29 per share by the investment management company on Friday, December 30th. This represents a $1.16 dividend on an annualized basis and a yield of 17.58%. The ex-dividend date is Wednesday, December 14th.
Shares of Ticc Capital Corp. (NASDAQ:TICC) opened at 6.56 on Tuesday. Ticc Capital Corp. has a 12 month low of $4.16 and a 12 month high of $7.02. The firm has a 50-day moving average price of $5.87 and a 200-day moving average price of $5.76. The stock has a market cap of $337.70 million, a PE ratio of 51.65 and a beta of 0.48.
Ticc Capital Corp. (NASDAQ:TICC) last posted its quarterly earnings data on Thursday, November 3rd. The investment management company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.02. The business earned $18.10 million during the quarter, compared to analyst estimates of $16.13 million. Ticc Capital Corp. had a return on equity of 9.35% and a net margin of 9.84%. The firm’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. Equities analysts forecast that Ticc Capital Corp. will post $0.45 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new position in Ticc Capital Corp. during the second quarter worth $127,000. Citadel Advisors LLC acquired a new position in shares of Ticc Capital Corp. during the second quarter valued at $170,000. Nuveen Fund Advisors LLC acquired a new position in shares of Ticc Capital Corp. during the second quarter valued at $1,144,000. Two Sigma Advisers LP raised its position in shares of Ticc Capital Corp. by 73.0% in the third quarter. Two Sigma Advisers LP now owns 247,866 shares of the investment management company’s stock valued at $1,443,000 after buying an additional 104,589 shares in the last quarter. Finally, BlackRock Group LTD raised its position in shares of Ticc Capital Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 321,769 shares of the investment management company’s stock valued at $1,696,000 after buying an additional 40,909 shares in the last quarter. Institutional investors and hedge funds own 15.61% of the company’s stock.
A number of analysts have recently weighed in on TICC shares. Zacks Investment Research cut Ticc Capital Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. National Securities reissued a “neutral” rating and issued a $6.00 price objective on shares of Ticc Capital Corp. in a research report on Tuesday, August 23rd.
About Ticc Capital Corp.
TICC Capital Corp. (TICC) is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its portfolio’s total return. The Company’s primary focus is to seek current income by investing primarily in corporate debt securities. Its debt investments include bilateral loans (loans where the Company holds the entirety of a particular loan) and syndicated loans (loans where multiple investors hold portions of that loan).
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