Ticc Capital Corp. (TICC): Jonathan H Cohen , CEO of Ticc Capital Corp. purchased 42,280 shares on May 5, 2016. The Insider buying transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.02 per share for a total value of $212,339.88 , the company said in a SEC Form 4 Filing.
TICC Capital Corp. (TICC) witnessed a volatile trading activity on Friday May 6, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $4.98 and reached the intraday high at $5.04. The bulls started the profit booking and pushed the shares to intraday low of $4.9601. The trading session was marked by a volume range of 2,91,183 shares exchanging hands. The 52-week high of the shares is $7.22 and the 52-week low is $4.16. The market cap of the company stands at $257 M and there are 5,14,79,409 shares in public circulation.
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.