Wall Street brokerages expect that THL Credit, Inc. (NASDAQ:TCRD) will post $15.97 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for THL Credit’s earnings. The lowest sales estimate is $15.53 million and the highest is $16.34 million. THL Credit reported sales of $18.58 million during the same quarter last year, which indicates a negative year over year growth rate of 14%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, March 5th.
According to Zacks, analysts expect that THL Credit will report full year sales of $67.10 million for the current financial year, with estimates ranging from $66.66 million to $67.46 million. For the next fiscal year, analysts expect that the firm will report sales of $67.11 million, with estimates ranging from $64.46 million to $68.83 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover THL Credit.
THL Credit (NASDAQ:TCRD) last posted its earnings results on Wednesday, November 7th. The investment management company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.02). The business had revenue of $16.08 million for the quarter, compared to the consensus estimate of $16.63 million. THL Credit had a positive return on equity of 10.73% and a negative net margin of 8.62%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. West Family Investments Inc. lifted its position in shares of THL Credit by 8.0% in the 2nd quarter. West Family Investments Inc. now owns 729,374 shares of the investment management company’s stock worth $5,704,000 after purchasing an additional 54,069 shares during the period. Fiera Capital Corp lifted its position in shares of THL Credit by 2.5% in the 2nd quarter. Fiera Capital Corp now owns 717,358 shares of the investment management company’s stock worth $5,610,000 after purchasing an additional 17,235 shares during the period. Advisors Asset Management Inc. lifted its position in shares of THL Credit by 4.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 504,355 shares of the investment management company’s stock worth $4,070,000 after purchasing an additional 20,819 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in shares of THL Credit by 51.2% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 369,234 shares of the investment management company’s stock valued at $2,887,000 after acquiring an additional 125,000 shares during the period. Finally, Freestone Capital Holdings LLC acquired a new position in shares of THL Credit during the 3rd quarter valued at $2,420,000. Hedge funds and other institutional investors own 41.65% of the company’s stock.
Shares of NASDAQ TCRD opened at $7.16 on Friday. The company has a market capitalization of $231.66 million, a PE ratio of 5.92 and a beta of 1.07. THL Credit has a 52-week low of $7.04 and a 52-week high of $9.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.22 and a current ratio of 0.22.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 15.08%. THL Credit’s dividend payout ratio (DPR) is currently 89.26%.
THL Credit Company Profile
THL Credit, Inc is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers.
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