Ticc Capital Corp. (NASDAQ:ticc) announced a quarterly dividend on Monday, November 28th. Shareholders of record on Friday, December 16th will be given a dividend of 0.29 per share by the investment management company on Friday, December 30th. This represents a $1.16 annualized dividend 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. The stock has a market cap of $337.70 million, a price-to-earnings ratio of 51.65 and a beta of 0.48. Ticc Capital Corp. has a 52-week low of $4.16 and a 52-week 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.
Ticc Capital Corp. (NASDAQ:TICC) last posted its quarterly earnings results on Thursday, November 3rd. The investment management company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.02. The company earned $18.10 million during the quarter, compared to analyst estimates of $16.13 million. Ticc Capital Corp. had a net margin of 9.84% and a return on equity of 9.35%. Ticc Capital Corp.’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. Analysts expect that Ticc Capital Corp. will post $0.45 earnings per share for the current year.
Several equities research analysts have recently weighed in on TICC shares. National Securities reissued a “neutral” rating and set a $6.00 target price on shares of Ticc Capital Corp. in a research report on Monday, August 8th. Zacks Investment Research raised Ticc Capital Corp. from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research report on Thursday, August 11th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in Ticc Capital Corp. during the second quarter valued at approximately $127,000. Citadel Advisors LLC purchased a new position in Ticc Capital Corp. during the second quarter valued at approximately $170,000. Nuveen Fund Advisors LLC purchased a new position in Ticc Capital Corp. during the second quarter valued at approximately $1,144,000. Two Sigma Advisers LP raised its position in 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 during the period. Finally, BlackRock Group LTD raised its position in 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 during the period. 15.61% of the stock is currently owned by institutional investors.
Ticc Capital Corp. Company Profile