Insider Purchase: TICC Capital Corp. (TICC)’s President and COO Saul Rosenthal Picked up 8,274 shares; Hahn Capital Management Has Increased Cit Group (CIT) Position By $184.33 Million

Hahn Capital Management Llc increased Cit Group (CIT) stake by 0.93% reported in 2017Q3 SEC filing. Hahn Capital Management Llc acquired 3,758 shares as Cit Group (CIT)’s stock rose 7.62%. The Hahn Capital Management Llc holds 407,554 shares with $19.99 billion value, up from 403,796 last quarter. Cit Group now has $7.11B valuation. The stock increased 0.44% or $0.24 during the last trading session, reaching $54.38. About 994,346 shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since February 27, 2017 and is uptrending. It has outperformed by 29.51% the S&P500.

It was disclosed in a form filed with the Security Exchange Commission that Saul Rosenthal, who works for Ticc Capital Corp, and holds the position of President and COO completed an insider purchase on 26-02-2018. Saul invested in 8,274 shares of the stock exchange listed company estimated based on $5.8 USD per each share. As stated in the legal document available here, the aggregate amount of the purchase was $48,023 USD. This is not his first insider trade, in the last month, he obtained another 38,901 shares worth $217,740 USD. The regulatory filing shows that Saul Rosenthal now holds around 2.13% of the Connecticut-based company’s total market cap

Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.67, from 0.34 in 2017Q2. It is positive, as 23 investors sold CIT shares while 91 reduced holdings. 43 funds opened positions while 72 raised stakes. 134.52 million shares or 7.51% less from 145.43 million shares in 2017Q2 were reported. Geode Capital Mgmt Ltd Limited Liability Company holds 0.02% or 1.05M shares in its portfolio. Lazard Asset Mgmt Ltd Com owns 104,494 shares for 0.01% of their portfolio. British Columbia Invest Corporation holds 186,019 shares or 0.07% of its portfolio. Brandywine Glob Inv Management Limited Liability Corporation has invested 0.02% in CIT Group Inc. (NYSE:CIT). Vanguard reported 11.31M shares. Point72 Asia (Hong Kong) Ltd stated it has 42 shares or 0% of all its holdings. Deutsche Savings Bank Ag reported 0.01% of its portfolio in CIT Group Inc. (NYSE:CIT). Missouri-based Piermont Capital has invested 0.17% in CIT Group Inc. (NYSE:CIT). Moreover, State Board Of Administration Of Florida Retirement Sys has 0.04% invested in CIT Group Inc. (NYSE:CIT). The Ontario – Canada-based Toronto Dominion State Bank has invested 0% in CIT Group Inc. (NYSE:CIT). 66,161 were accumulated by Eaton Vance Mngmt. Fifth Third Bank & Trust holds 0% of its portfolio in CIT Group Inc. (NYSE:CIT) for 2,377 shares. 156,345 are held by Putnam Invests Lc. Colony Grp Inc Limited Liability Company accumulated 4,360 shares. Fire Group invested in 0.1% or 6,278 shares.

Among 19 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. CIT Group had 63 analyst reports since July 23, 2015 according to SRatingsIntel. Morgan Stanley maintained the shares of CIT in report on Wednesday, December 13 with “Equal-Weight” rating. Stephens upgraded the shares of CIT in report on Monday, July 17 to “Overweight” rating. Oppenheimer maintained it with “Outperform” rating and $51 target in Tuesday, October 6 report. The stock of CIT Group Inc. (NYSE:CIT) has “Sell” rating given on Tuesday, January 30 by BMO Capital Markets. BMO Capital Markets upgraded the shares of CIT in report on Monday, February 5 to “Market Perform” rating. The rating was downgraded by Stifel Nicolaus to “Hold” on Friday, October 7. As per Thursday, October 22, the company rating was upgraded by Macquarie Research. On Tuesday, July 25 the stock rating was maintained by BTIG Research with “Buy”. The firm has “Buy” rating by Citigroup given on Tuesday, October 17. The stock has “Neutral” rating by Credit Suisse on Monday, August 15.

Since December 15, 2017, it had 6 insider purchases, and 0 sales for $721,338 activity. $234,196 worth of stock was bought by ROSENTHAL SAUL B on Friday, December 15. $55,651 worth of TICC Capital Corp. (NASDAQ:TICC) was bought by COHEN JONATHAN H on Tuesday, February 13.

Among 7 analysts covering TICC Capital (NASDAQ:TICC), 1 have Buy rating, 2 Sell and 4 Hold. Therefore 14% are positive. TICC Capital has $7.50 highest and $4 lowest target. $6.25’s average target is 5.75% above currents $5.91 stock price. TICC Capital had 10 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Friday, March 11 with “Equal-Weight”. The rating was downgraded by Maxim Group on Wednesday, August 5 to “Hold”. The rating was downgraded by National Securities to “Sell” on Tuesday, March 7. The stock has “Buy” rating by Ladenburg Thalmann on Monday, November 6. The firm has “Sell” rating given on Tuesday, December 5 by National Securities. The company was downgraded on Wednesday, May 4 by Barclays Capital.

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 1.12, from 2.22 in 2017Q2. It dropped, as 8 investors sold TICC Capital Corp. shares while 22 reduced holdings. 17 funds opened positions while 16 raised stakes. 6.94 million shares or 11.19% less from 7.82 million shares in 2017Q2 were reported. Optimum Advisors invested in 30,000 shares. 1,484 were accumulated by Citigroup. Sather Grp Inc owns 38,200 shares. Pinebridge Investments Limited Partnership stated it has 0% in TICC Capital Corp. (NASDAQ:TICC). Macquarie Group Limited reported 84,889 shares. Wealthtrust has invested 0.01% in TICC Capital Corp. (NASDAQ:TICC). Hillsdale Investment Mngmt Incorporated owns 193,200 shares for 0.22% of their portfolio. 26,099 are held by Eagle Glob Advsrs Lc. Balyasny Asset Mgmt Ltd Limited Liability Company owns 30,564 shares or 0% of their US portfolio. Atlantic Grp Ltd reported 76,498 shares. Bank Of America De invested 0% of its portfolio in TICC Capital Corp. (NASDAQ:TICC). Gsa Capital Prtnrs Ltd Liability Partnership owns 210,900 shares. Nine Chapters Mngmt Lc reported 0.23% in TICC Capital Corp. (NASDAQ:TICC). Advsrs Asset Mgmt reported 416,945 shares or 0.05% of all its holdings. Raymond James Financial Svcs Advsrs stated it has 0% in TICC Capital Corp. (NASDAQ:TICC).

Analysts await TICC Capital Corp. (NASDAQ:TICC) to report earnings on March, 1. They expect $0.13 EPS, down 7.14% or $0.01 from last year’s $0.14 per share. TICC’s profit will be $6.69 million for 11.37 P/E if the $0.13 EPS becomes a reality. After $0.13 actual EPS reported by TICC Capital Corp. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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