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TICC Named Top 10 Financial at Dividend Channel With 11.04% Yield
Friday, March 3, 7:41 AM ET, by Market News Video Staff

TICC Capital Corporation (TICC) has been named as a Top 10 dividend-paying financial stock, according ...

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Monday, June 12, 10:35 AM ET, by Market News Video Staff

On 6/14/17, TICC Capital Corporation (TICC) will trade ex-dividend, for its quarterly dividend of $0.20, ...

  More articles:  1 2 next »

Insiders Now Seeing Red With TICC At New 52-Week Low

By Market News Video Staff, Monday, February 5, 4:08 PM ET
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In trading on Monday, shares of TICC Capital Corp - Closed End Fund (NASDAQ:TICC) touched a new 52-week low of $5.15/share. That's a $3.04 share price drop, or -37.12% decline from the 52-week high of $8.19 set back on 02/24/2017. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for TICC that means the stock would have to gain 59.03% to get back to the 52-week high. For a move like that, TICC Capital Corp - Closed End Fund would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as TICC shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, TICC has seen 2 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
08/14/2017 Jonathan H. Cohen Chief Executive Officer 17,153 $6.61 $113,315.13
08/14/2017 Saul B. Rosenthal President and COO 17,153 $6.61 $113,315.13
08/22/2017 Jonathan H. Cohen Chief Executive Officer 10,021 $6.66 $66,767.70
08/22/2017 Saul B. Rosenthal President and COO 10,021 $6.66 $66,767.70
08/25/2017 Jonathan H. Cohen Chief Executive Officer 7,650 $6.69 $51,166.66
08/25/2017 Saul B. Rosenthal President and COO 7,650 $6.69 $51,166.66
08/30/2017 Jonathan H. Cohen Chief Executive Officer 9,682 $6.68 $64,696.51
08/30/2017 Saul B. Rosenthal President and COO 9,682 $6.68 $64,696.51
09/01/2017 Saul B. Rosenthal President and COO 1,532 $6.69 $10,247.53
09/01/2017 Jonathan H. Cohen Chief Executive Officer 1,532 $6.69 $10,247.53
11/08/2017 Saul B. Rosenthal President and COO 53,316 $5.92 $315,535.10
11/08/2017 Jonathan H. Cohen Chief Executive Officer 53,316 $5.92 $315,535.10
11/15/2017 Saul B. Rosenthal President and COO 25,528 $6.03 $153,808.23
11/15/2017 Jonathan H. Cohen Chief Executive Officer 25,528 $6.03 $153,808.23
11/20/2017 Saul B. Rosenthal President and COO 7,068 $6.07 $42,891.41
11/20/2017 Jonathan H. Cohen Chief Executive Officer 7,068 $6.07 $42,891.41
11/20/2017 Saul B. Rosenthal President and COO 7,068 $6.07 $42,891.41
11/20/2017 Jonathan H. Cohen Chief Executive Officer 7,068 $6.07 $42,891.41
11/22/2017 Saul B. Rosenthal President and COO 1,070 $6.09 $6,515.45
11/22/2017 Jonathan H. Cohen Chief Executive Officer 1,070 $6.09 $6,515.45
12/13/2017 Jonathan H. Cohen Chief Executive Officer 27,632 $6.06 $167,314.71
12/13/2017 Saul B. Rosenthal President and COO 27,632 $6.06 $167,314.71
12/19/2017 Saul B. Rosenthal President and COO 40,260 $5.82 $234,198.43
12/19/2017 Jonathan H. Cohen Chief Executive Officer 40,260 $5.82 $234,198.43
12/21/2017 Jonathan H. Cohen Chief Executive Officer 14,822 $5.83 $86,486.99
12/21/2017 Saul B. Rosenthal President and COO 14,822 $5.83 $86,486.99

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where TICC has traded over the past year, with the 50-day and 200-day moving averages included.

TICC Capital Corp - Closed End Fund Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for TICC shares, which are presently showing a last trade of $5.26/share, slightly above the new 52-week low.


This Article's Word Cloud:   Bargains   Capital   Cheaper   Chief   Closed   Cohen   Corp   Executive   Fund   Here   Insider   Insiders   Jonathan   Large   Monday   Officer   Oftentimes   President   Price   Purchased   Rosenthal   Saul   Share   Shares   Start   TICC   back   below   business   company   from   high   insiders   last   level   means   over   past   percentage   price   share   shares   stock   that   trade   week   were   whether   with   would
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