TICC Capital Corp. (TICC) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.12. The company posted revenue of $15.27 million in the period, compared to analysts expectations of $15.83 million. The company’s revenue was down -29.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Many Wall Street Analysts have commented on TICC Capital Corp.. Shares were Reiterated by Barclays on Mar 11, 2016 to “Equal Weight” and Lowered the Price Target to $ 5 from a previous price target of $8 .
TICC Capital Corp. closed down -0.1 points or -1.93% at $5.08 with 1,90,170 shares getting traded on Monday. Post opening the session at $5.16, the shares hit an intraday low of $5.02 and an intraday high of $5.22 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.