TICC Capital Corp. (NASDAQ:TICC) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Zacks Investment Research has downgraded TICC Capital Corp. (NASDAQ:TICC) to Sell in a statement released on 10/11/2016.
Boasting a price of $5.72, TICC Capital Corp. (NASDAQ:TICC) traded -0.92% lower on the day. With the last stock price close up 3.32% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. TICC Capital Corp. has recorded a 50-day average of $6.03 and a two hundred day average of $5.54. Volume of trade was down over the average, with 133,855 shares of TICC changing hands under the typical 340,323
With a total market value of $0, TICC Capital Corp. has with a one year low of $4.16 and a one year high of $7.02 .
A total of 2 equity analysts have released a ratings update on TICC. One equity analyst rating the company a strong buy, zero equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $5.50.
Brief Synopsis About TICC Capital Corp. (NASDAQ:TICC)
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. TICC Management, an investment adviser that is owned by BDC Partners, manages the Company's investment activities.
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