TICC Capital Corp. (NASDAQ:TICC) announced a quarterly dividend on Tuesday, February 27th, Zacks reports. Investors of record on Friday, March 16th will be given a dividend of 0.20 per share by the investment management company on Friday, March 30th. This represents a $0.80 dividend on an annualized basis and a yield of 12.82%. The ex-dividend date is Thursday, March 15th.

Shares of TICC Capital (TICC) opened at $6.24 on Wednesday. The firm has a market cap of $322.50, a PE ratio of 10.86, a P/E/G ratio of 1.95 and a beta of 0.43. TICC Capital has a 52 week low of $5.15 and a 52 week high of $7.56.

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TICC Capital (NASDAQ:TICC) last issued its quarterly earnings data on Tuesday, February 27th. The investment management company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm had revenue of $13.40 million for the quarter, compared to analysts’ expectations of $13.27 million. TICC Capital had a net margin of 71.02% and a return on equity of 7.71%. The company’s quarterly revenue was down 29.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share. equities analysts anticipate that TICC Capital will post 0.64 earnings per share for the current fiscal year.

TICC has been the topic of several research analyst reports. National Securities cut shares of TICC Capital from a “neutral” rating to a “sell” rating and set a $5.00 price objective on the stock. in a research note on Monday, December 4th. Zacks Investment Research cut shares of TICC Capital from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, BidaskClub raised shares of TICC Capital from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. TICC Capital presently has a consensus rating of “Hold” and an average price target of $5.83.

TICC Capital announced that its Board of Directors has authorized a stock buyback program on Tuesday, February 6th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the investment management company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

In other news, COO Saul B. Rosenthal acquired 4,889 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $5.54 per share, with a total value of $27,085.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jonathan H. Cohen acquired 14,823 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were purchased at an average cost of $5.83 per share, for a total transaction of $86,418.09. The disclosure for this purchase can be found here. Insiders have acquired 216,193 shares of company stock worth $1,256,085 over the last ninety days. Insiders own 5.90% of the company’s stock.

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About TICC Capital

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.

Dividend History for TICC Capital (NASDAQ:TICC)

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