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Hedge Funds Are Dumping TICC Capital Corp. (TICC)

The government requires hedge funds and wealthy investors with over a certain portfolio size to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings discloses the funds’ positions on September 30. We at Insider Monkey have made an extensive database of more than 700 of those elite funds and prominent investors’ filings. In this article, we analyze how these elite funds and prominent investors traded TICC Capital Corp. (NASDAQ:TICC) based on those filings.

TICC Capital Corp. (NASDAQ:TICC) was in 8 hedge funds’ portfolios at the end of the third quarter of 2015. TICC has experienced a decrease in enthusiasm from smart money recently. There were 9 hedge funds in our database with TICC positions at the end of the previous quarter. At the end of this article we will also compare TICC to other stocks including Stonegate Bank (NASDAQ:SGBK), Noodles & Co (NASDAQ:NDLS), and Century Aluminum Co (NASDAQ:CENX) to get a better sense of its popularity.

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According to most shareholders, hedge funds are perceived as worthless, old financial vehicles of the past. While there are over 8000 funds with their doors open at present, Our experts look at the bigwigs of this club, about 700 funds. These investment experts handle bulk of all hedge funds’ total asset base, and by tailing their highest performing stock picks, Insider Monkey has uncovered several investment strategies that have historically exceeded the S&P 500 index. Insider Monkey’s small-cap hedge fund strategy outrun the S&P 500 index by 12 percentage points a year for a decade in their back tests.

Now, let’s view the new action encompassing TICC Capital Corp. (NASDAQ:TICC).

Hedge fund activity in TICC Capital Corp. (NASDAQ:TICC)

At the end of the third quarter, a total of 8 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -11% from the previous quarter. With hedgies’ capital changing hands, there exists a few notable hedge fund managers who were upping their stakes substantially (or already accumulated large positions).

Of the funds tracked by Insider Monkey, William C. Martin’s Raging Capital Management has the most valuable position in TICC Capital Corp. (NASDAQ:TICC), worth close to $16.5 million, amounting to 2.2% of its total 13F portfolio. The second most bullish fund manager is Mangrove Partners, led by Nathaniel August, holding a $4.6 million position; the fund has 1.1% of its 13F portfolio invested in the stock. Some other members of the smart money that are bullish encompass Bernard Selz’s Selz Capital, John Overdeck and David Siegel’s Two Sigma Advisors and GLG Partners.

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