Follow The Short Interest: How Analysts Feel About Ticc Capital Corporation (NASDAQ:TICC) After Increase in Sellers?

November 17, 2016 - By Marie Mckinney   ·   0 Comments

Follow The Short Interest: How Analysts Feel About Ticc Capital Corporation (NASDAQ:TICC) After Increase in Sellers?

The stock of Ticc Capital Corporation (NASDAQ:TICC) registered an increase of 156.36% in short interest. TICC’s total short interest was 116,900 shares in November as published by FINRA. Its up 156.36% from 45,600 shares, reported previously. With 668,700 shares average volume, it will take short sellers 0 days to cover their TICC’s short positions. The short interest to Ticc Capital Corporation’s float is 0.24%. About 212,314 shares traded hands. TICC Capital Corp. (NASDAQ:TICC) has risen 20.52% since April 15, 2016 and is uptrending. It has outperformed by 15.90% the S&P500.

TICC Capital Corp. is a closed-end, non-diversified management investment company. The company has a market cap of $314.09 million. The Company’s investment objective is to maximize its portfolio’s total return. It has a 304.39 P/E ratio. The Company’s primary focus is to seek current income by investing primarily in corporate debt securities.

Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.25, from 0.78 in 2016Q1. The ratio increased, as 12 funds sold all TICC Capital Corp. shares owned while 18 reduced positions. 16 funds bought stakes while 15 increased positions. They now own 7.67 million shares or 17.73% less from 9.33 million shares in 2016Q1.
Dnb Asset Mngmt As holds 54,747 shares or 0% of its portfolio. Glenmede Trust Na holds 320 shares or 0% of its portfolio. First Foundation Advsr has 25,126 shares for 0.01% of their US portfolio. Muzinich Inc holds 0.99% or 410,538 shares in its portfolio. Stephens Ar holds 0.01% of its portfolio in TICC Capital Corp. (NASDAQ:TICC) for 27,698 shares. Cibc Inc has 22,878 shares for 0% of their US portfolio. Sequoia Fincl Ltd Liability holds 0.04% or 30,436 shares in its portfolio. Nationwide Fund Advisors reported 125,500 shares or 0% of all its holdings. Selz Ltd Com reported 627,000 shares or 0.94% of all its holdings. Moreover, Ifc Fl has 0.03% invested in TICC Capital Corp. (NASDAQ:TICC) for 42,505 shares. Texas Yale Cap Corp holds 0.08% of its portfolio in TICC Capital Corp. (NASDAQ:TICC) for 156,265 shares. Goldman Sachs Gp owns 20,011 shares or 0% of their US portfolio. Us Commercial Bank De reported 1,823 shares or 0% of all its holdings. Summit Secs Group Inc Lc owns 24,012 shares or 0.07% of their US portfolio. Ladenburg Thalmann Fincl Serv owns 1,300 shares or 0% of their US portfolio.

Insider Transactions: Since May 18, 2016, the stock had 16 insider purchases, and 0 sales for $6.30 million net activity. On Wednesday, June 1 ROYCE CHARLES M bought $492,157 worth of the stock or 87,320 shares. The insider ROSENTHAL SAUL B bought $424,499. 114,856 TICC Capital Corp. (NASDAQ:TICC) shares with value of $619,189 were bought by COHEN JONATHAN H. On Friday, May 20 the insider NOVAK STEVEN P bought $10,520.

TICC Capital Corp. (NASDAQ:TICC) Ratings Coverage

Out of 5 analysts covering TICC Capital (NASDAQ:TICC), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. TICC Capital has been the topic of 7 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Equal-Weight” rating and $5 target price in Friday, March 11 report. The firm has “Hold” rating given on Wednesday, August 5 by Maxim Group. Barclays Capital downgraded the stock to “Underweight” rating in Wednesday, May 4 report.

TICC Company Profile

TICC Capital Corp. (TICC), incorporated on July 21, 2003, 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. The Company’s primary focus is to seek income by investing primarily in corporate debt securities. The Company’s 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). The Firm continues to invest in structured finance investments, including collateralized loan obligation (CLO) investment vehicles that own debt securities. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle. The Firm may also invest in publicly traded debt and/or equity securities. The Company’s capital is used by corporate borrowers to finance organic growth, acquisitions, recapitalizations and working capital. TICC Management, LLC, an investment adviser, which is owned by BDC Partners, LLC, manages the Company’s investment activities.

More important recent TICC Capital Corp. (NASDAQ:TICC) news were published by: Forbes.com which released: “Battle Heats Up Over Management Fees From TICC Capital” on September 17, 2015, also Businesswire.com published article titled: “TPG Specialty Lending, Inc. Sends Letter to TICC Capital Corp. Questioning …”, Businesswire.com published: “TPG Specialty Lending, Inc. Sends Letter to TICC Capital Corp. Chairman of the …” on August 02, 2016. More interesting news about TICC Capital Corp. (NASDAQ:TICC) was released by: Fool.com and their article: “A BDC Titan Opines on TICC Capital and Consolidation in BDCs” with publication date: October 09, 2015.

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By Marie Mckinney


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