Thl Credit (TCRD) Rating Lowered to Hold at ValuEngine

Thl Credit (NASDAQ:TCRD) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Monday.

TCRD has been the topic of a number of other reports. National Securities lowered shares of Thl Credit from a “buy” rating to a “neutral” rating and decreased their price target for the company from $11.00 to $10.00 in a research note on Thursday, March 8th. Deutsche Bank decreased their price target on shares of Thl Credit from $10.00 to $9.50 and set a “hold” rating on the stock in a research note on Thursday, March 8th. Maxim Group lowered shares of Thl Credit from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th. Zacks Investment Research raised shares of Thl Credit from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Wednesday, March 14th. Finally, Keefe, Bruyette & Woods set a $9.00 price target on shares of Thl Credit and gave the company a “hold” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Thl Credit has an average rating of “Hold” and a consensus target price of $9.88.

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Shares of NASDAQ:TCRD traded down $0.01 during trading on Monday, reaching $7.76. 187,776 shares of the company’s stock traded hands, compared to its average volume of 146,083. Thl Credit has a fifty-two week low of $7.71 and a fifty-two week high of $10.25. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $253.87, a PE ratio of 6.41, a price-to-earnings-growth ratio of 6.69 and a beta of 1.04.

Thl Credit (NASDAQ:TCRD) last posted its earnings results on Tuesday, March 6th. The investment management company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Thl Credit had a negative net margin of 10.04% and a positive return on equity of 10.74%. The business had revenue of $18.58 million for the quarter, compared to analyst estimates of $19.58 million. sell-side analysts expect that Thl Credit will post 1.16 earnings per share for the current fiscal year.

In related news, CEO Sam W. Tillinghast sold 37,339 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $8.28, for a total value of $309,166.92. Following the transaction, the chief executive officer now directly owns 90,365 shares of the company’s stock, valued at approximately $748,222.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider James R. Fellows bought 15,000 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was acquired at an average cost of $8.29 per share, for a total transaction of $124,350.00. The disclosure for this purchase can be found here. Insiders purchased a total of 17,751 shares of company stock worth $146,951 over the last ninety days. 9.39% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Thl Credit by 4.2% in the 4th quarter. BlackRock Inc. now owns 199,397 shares of the investment management company’s stock worth $1,805,000 after purchasing an additional 8,099 shares in the last quarter. Legal & General Group Plc lifted its stake in Thl Credit by 11.2% in the 3rd quarter. Legal & General Group Plc now owns 93,569 shares of the investment management company’s stock worth $873,000 after purchasing an additional 9,414 shares in the last quarter. OxFORD Asset Management LLP lifted its stake in Thl Credit by 7.6% in the 3rd quarter. OxFORD Asset Management LLP now owns 147,823 shares of the investment management company’s stock worth $1,361,000 after purchasing an additional 10,381 shares in the last quarter. West Family Investments Inc. lifted its stake in Thl Credit by 1.8% in the 4th quarter. West Family Investments Inc. now owns 623,713 shares of the investment management company’s stock worth $5,657,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Thl Credit in the 3rd quarter worth approximately $104,000. 44.83% of the stock is currently owned by institutional investors and hedge funds.

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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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Analyst Recommendations for Thl Credit (NASDAQ:TCRD)

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