THL Credit, Inc. (NASDAQ:TCRD) has been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $9.55.
TCRD has been the subject of a number of recent research reports. ValuEngine downgraded shares of THL Credit from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised shares of THL Credit from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Keefe, Bruyette & Woods set a $9.00 price target on shares of THL Credit and gave the stock a “hold” rating in a research note on Wednesday, March 7th. National Securities downgraded shares of THL Credit from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $11.00 to $10.00 in a research note on Thursday, March 8th. Finally, Maxim Group downgraded shares of THL Credit from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th.
In other THL Credit news, CEO Sam W. Tillinghast sold 37,339 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $8.28, for a total value of $309,166.92. Following the completion of the sale, the chief executive officer now owns 90,365 shares of the company’s stock, valued at $748,222.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James R. Fellows bought 15,000 shares of the stock in a transaction on Monday, March 12th. The stock was purchased at an average cost of $8.29 per share, with a total value of $124,350.00. The disclosure for this purchase can be found here. Insiders acquired 17,751 shares of company stock valued at $146,951 in the last ninety days. Insiders own 9.39% of the company’s stock.
Shares of NASDAQ:TCRD traded up $0.01 on Monday, reaching $7.77. 135,650 shares of the company’s stock were exchanged, compared to its average volume of 203,754. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $253.88, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of 6.69 and a beta of 1.03. THL Credit has a 12 month low of $7.74 and a 12 month high of $10.25.
THL Credit (NASDAQ:TCRD) last posted its quarterly earnings results on Tuesday, March 6th. The investment management company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). The business had revenue of $18.58 million for the quarter, compared to the consensus estimate of $19.58 million. THL Credit had a positive return on equity of 10.74% and a negative net margin of 10.04%. analysts expect that THL Credit will post 1.16 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 13.90%. The ex-dividend date was Monday, March 19th. THL Credit’s payout ratio is presently 89.26%.
About THL Credit
THL Credit, Inc is an externally managed, non-diversified closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of lower middle market companies.
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