Barclays Maintains a Sell Rating on TICC Capital

By Carrie Williams

Barclays analyst Mark Devries maintained a Sell rating on TICC Capital (NASDAQ: TICC) on May 22 and set a price target of $6. The company’s shares closed yesterday at $7.22.

According to TipRanks.com, Devries is a 1-star analyst with an average return of -1.4% and a 57.1% success rate. Devries covers the Financial sector, focusing on stocks such as Sutherland Asset Management Corporation, ARMOUR Residential REIT Inc, and Discover Financial Services.

TICC Capital has an analyst consensus of Moderate Sell, with a price target consensus of $5.38.

The company has a one year high of $8.19 and a one year low of $5.01. Currently, TICC Capital has an average volume of 366K.

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TICC Capital Corp a business development company, invests in middle-market companies located in the US with revenues of less than $200 million, enterprise values of less than $300 million, experienced management team, strong competitive positions and profitable cash flows. The fund focuses on companies operating in the fields of computer software & hardware, networking systems, semiconductors, semiconductor capital equipment, diversified technology, medical device technology, information technology infrastructure or services, internet, telecommunications & equipment and media. It provides financing in the form of senior secured loans, senior subordinated, junior subordinated debt, warrants and other equity instruments for growth, acquisitions, recapitalizations and working capital requirements with an investment size ranging from $5 to $50 million in each portfolio company.