Ticc Capital Corp. (TICC): Saul B Rosenthal , COO of Ticc Capital Corp. purchased 75,080 shares on May 26, 2016. The Insider buying transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.65 per share for a total value of $424,498.69 , 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 25, 2016, Charles M Royce (director) purchased 35,820 shares at $5.55 per share price.On May 25, 2016, Saul B Rosenthal (COO) purchased 71,640 shares at $5.55 per share price.Also, On May 25, 2016, Jonathan H Cohen (CEO) purchased 71,640 shares at $5.55 per share price.On May 23, 2016, Steven P Novak (director) purchased 2,000 shares at $5.26 per share price.
Shares of TICC Capital Corp. (TICC) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.03 points or -0.53% at $5.6 with 2,81,408 shares getting traded. Post opening the session at $5.65, the shares hit an intraday low of $5.52 and an intraday high of $5.67 and the price vacillated in this range throughout the day. The company has a market cap of $288 M and the number of outstanding shares has been calculated to be 5,14,79,409 shares. The 52-week high of TICC Capital Corp. is $7.22 and the 52-week low is $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.