Jonathan Cohen (Insider Trades), CEO of TICC Capital Corp. (TICC), acquired 71,640 shares in the company on May 25.
The price per share was $5.55, for a total transaction of $397,602.
TICC Capital is a business development company focused on providing capital to established businesses, investing in syndicated bank loans and purchasing debt and equity tranches of collateralized loan obligations. The company has a market cap of $289.83 million and a P/S ratio of 3.54.
From the beginning of 2016 to May 25, there were 17 insider buys with TICC amounting to 700,827 shares. Cohen purchased 278,331 shares in five transactions. TICC Director Charles Royce (Insider Trades) and TICC President and COO Saul Rosenthal (Insider Trades) also made five transactions during the same time period, totaling 139,165 shares and 278,331 shares.
The spike in insider trades corresponds to a decrease in month-end price starting in 2014 and continuing through 2016. 
For more information about insider transactions with TICC, click here.
The company reported net investment income of $4.044 million, or 8 cents per share, in the three months ended on March 31. Net investment income decreased from $12.30 million, or 21 cents per share, in the first quarter of 2015. Net assets also decreased from $20.82 million to -$17.11 million in the same period. Annual revenue increased 14.86% since 2011, and both annual revenue and annual net income follow an increasing trend line. 
The company announced a distribution of 29 cents per share of common stock payable June 30 for shareholders of record starting on June 16. The company invested approximately $12.8 million; $9.7 million was invested in corporate securities, $2.7 millioin in CLO debt and $0.4 million in CLO equity. The company also repurchased approximately 4.9 million shares of common stock at an average weighted price of approximately $5.20 per share for a total of about $25.6 million.
According to GuruFocus.com information, TICC Capital has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
In the first quarter, Paul Tudor Jones (Trades, Portfolio) increased his stake in the company by 17,193 shares at a price of $5.02 per share. The total estimated loss of the holding since the third quarter of 2014 is 20%. Additionally, David Abrams (Trades, Portfolio) newly acquired 59,105 shares of the company. For more information about guru trades with TICC, click here.
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