Muzinich & Co. Inc. cut its stake in shares of Ticc Capital Corp. (NASDAQ:TICC) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 410,538 shares of the investment management company’s stock after selling 28,092 shares during the period. Ticc Capital Corp. makes up approximately 1.0% of Muzinich & Co. Inc.’s holdings, making the stock its 22nd largest position. Muzinich & Co. Inc.’s holdings in Ticc Capital Corp. were worth $2,164,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Group LTD raised its stake in Ticc Capital Corp. by 6.5% in the first quarter. BlackRock Group LTD now owns 280,860 shares of the investment management company’s stock valued at $1,348,000 after buying an additional 17,178 shares in the last quarter. Bank of Montreal Can bought a new stake in Ticc Capital Corp. during the second quarter valued at $1,128,000. Lucus Advisors LLC bought a new stake in Ticc Capital Corp. during the second quarter valued at $356,000. Finally, Sather Financial Group Inc raised its stake in Ticc Capital Corp. by 15.4% in the first quarter. Sather Financial Group Inc now owns 42,700 shares of the investment management company’s stock valued at $205,000 after buying an additional 5,700 shares in the last quarter. Institutional investors own 35.33% of the company’s stock.
Ticc Capital Corp. (NASDAQ:TICC) traded down 0.69% on Thursday, reaching $5.74. The company’s stock had a trading volume of 135,274 shares. The firm’s market cap is $295.49 million. Ticc Capital Corp. has a 12 month low of $4.16 and a 12 month high of $7.04. The firm’s 50 day moving average is $6.07 and its 200-day moving average is $5.48.
Ticc Capital Corp. (NASDAQ:TICC) last released its earnings results on Thursday, August 4th. The investment management company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.18. Ticc Capital Corp. had a negative net margin of 88.66% and a positive return on equity of 10.05%. The firm earned $17 million during the quarter, compared to the consensus estimate of $16.58 million. During the same period in the prior year, the firm earned $0.18 EPS. The company’s revenue was down 28.5% compared to the same quarter last year. On average, equities research analysts anticipate that Ticc Capital Corp. will post $0.47 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 20.21%. The ex-dividend date is Wednesday, September 14th. Ticc Capital Corp.’s dividend payout ratio is currently -101.75%.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Ticc Capital Corp. from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research report on Thursday, August 11th. National Securities restated a “neutral” rating and set a $6.00 price target on shares of Ticc Capital Corp. in a research report on Monday, August 8th.
In related news, Director Steven P. Novak bought 5,000 shares of Ticc Capital Corp. stock in a transaction dated Tuesday, August 9th. The stock was purchased at an average cost of $6.01 per share, with a total value of $30,050.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.
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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