Ticc Capital Corp. (TICC): Charles M Royce , director of Ticc Capital Corp. purchased 26,945 shares on May 13, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.40 per share for a total value of $145,743.34 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Saul B Rosenthal (COO) purchased 53,891 shares at $5.40 per share price.On May 17, 2016, Jonathan H Cohen (CEO) purchased 53,891 shares at $5.40 per share price.Also, On May 16, 2016, Steven P Novak (director) purchased 3,000 shares at $5.30 per share price.On May 12, 2016, Charles M Royce (director) purchased 25,020 shares at $5.21 per share price.
TICC Capital Corp.: On Monday, May 16, 2016 heightened volatility was witnessed in TICC Capital Corp. which led to swings in the share price. The shares opened for trading at $5.32 and hit $5.47 on the upside , eventually ending the session at $5.4, with a gain of 0.75% or 0.04 points. The heightened volatility saw the trading volume jump to 2,74,664 shares. The 52-week high of the share price is $7.22 and the company has a market cap of $278 M . The 52-week low of the share price is at $4.16.
Company has been under the radar of several Street Analysts.TICC Capital Corp. is Reiterated by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 5 from a previous price target of $8 . The Rating was issued on Mar 11, 2016.
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). The Company continues to invest in structured finance investments including collateralized loan obligation (CLO) investment vehicles that own debt securities. CLO investments also include warehouse facilities which are financing structures intended to aggregate loans that are used to form the basis of a CLO vehicle. The Company also invests in publicly traded debt and/or equity securities. The Company’s investment activities are managed by TICC Management an investment adviser which is owned by BDC Partners.