TICC Capital Corp. (NASDAQ:TICC) released its earnings results on Tuesday. The investment management company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01, MarketWatch Earnings reports. TICC Capital Corp. had a net margin of 197.98% and a return on equity of 7.55%. During the same period in the previous year, the company earned $0.32 EPS.

Shares of TICC Capital Corp. (TICC) traded down 0.8940% during trading on Tuesday, hitting $6.6401. The stock had a trading volume of 118,752 shares. The firm has a 50 day moving average price of $6.75 and a 200 day moving average price of $7.14. The firm has a market cap of $341.83 million, a P/E ratio of 2.8304 and a beta of 0.69. TICC Capital Corp. has a 12-month low of $5.51 and a 12-month high of $8.19.

Large investors have recently made changes to their positions in the company. Blair William & Co. IL increased its stake in shares of TICC Capital Corp. by 0.7% in the second quarter. Blair William & Co. IL now owns 130,760 shares of the investment management company’s stock valued at $829,000 after buying an additional 900 shares in the last quarter. Legal & General Group Plc increased its stake in shares of TICC Capital Corp. by 6.4% in the second quarter. Legal & General Group Plc now owns 127,827 shares of the investment management company’s stock valued at $811,000 after buying an additional 7,699 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of TICC Capital Corp. during the second quarter valued at $183,000. Eagle Global Advisors LLC increased its stake in shares of TICC Capital Corp. by 21.1% in the second quarter. Eagle Global Advisors LLC now owns 107,689 shares of the investment management company’s stock valued at $683,000 after buying an additional 18,760 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of TICC Capital Corp. by 32.0% in the second quarter. Janney Montgomery Scott LLC now owns 47,518 shares of the investment management company’s stock valued at $301,000 after buying an additional 11,530 shares in the last quarter. 19.77% of the stock is currently owned by institutional investors.

Several equities analysts recently weighed in on the company. BidaskClub downgraded TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. TheStreet downgraded TICC Capital Corp. from a “b” rating to a “c+” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded TICC Capital Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Barclays PLC reiterated a “sell” rating and set a $6.00 target price on shares of TICC Capital Corp. in a research report on Wednesday, May 24th. Finally, National Securities reiterated a “sell” rating and set a $6.00 target price on shares of TICC Capital Corp. in a research report on Friday, May 12th. Four investment analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. TICC Capital Corp. has an average rating of “Sell” and a consensus price target of $6.75.

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About TICC Capital Corp.

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.

Earnings History for TICC Capital Corp. (NASDAQ:TICC)

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