Shares of THL Credit, Inc. (NASDAQ:TCRD) have been assigned an average rating of “Hold” from the eight research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $11.00.
Several equities analysts recently commented on the company. National Securities restated a “buy” rating and set a $12.00 target price on shares of THL Credit in a research report on Monday, August 7th. TheStreet downgraded THL Credit from a “b-” rating to a “c+” rating in a research report on Monday, October 9th. Jefferies Group LLC restated a “hold” rating and set a $10.00 target price on shares of THL Credit in a research report on Friday, July 14th. Deutsche Bank AG downgraded THL Credit from a “buy” rating to a “hold” rating and set a $10.50 target price for the company. in a research report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $10.50 target price on shares of THL Credit in a research report on Monday, October 16th.
THL Credit (NASDAQ TCRD) opened at 9.10 on Friday. THL Credit has a 52 week low of $8.75 and a 52 week high of $10.60. The company’s 50-day moving average price is $9.23 and its 200-day moving average price is $9.69.
THL Credit (NASDAQ:TCRD) last posted its earnings results on Thursday, August 3rd. The investment management company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The business had revenue of $20.28 million during the quarter, compared to the consensus estimate of $20.35 million. THL Credit had a return on equity of 10.22% and a net margin of 29.81%. THL Credit’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. On average, analysts forecast that THL Credit will post $1.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.08 dividend on an annualized basis and a yield of 11.87%. THL Credit’s dividend payout ratio is 145.95%.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its holdings in THL Credit by 1.7% during the 2nd quarter. Private Advisor Group LLC now owns 49,751 shares of the investment management company’s stock valued at $495,000 after purchasing an additional 850 shares in the last quarter. Legal & General Group Plc increased its holdings in THL Credit by 5.9% during the 1st quarter. Legal & General Group Plc now owns 75,969 shares of the investment management company’s stock valued at $756,000 after purchasing an additional 4,263 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in THL Credit during the 2nd quarter valued at $105,000. Stifel Financial Corp acquired a new stake in THL Credit during the 1st quarter valued at $130,000. Finally, Cetera Investment Advisers acquired a new stake in THL Credit during the 2nd quarter valued at $136,000. 45.53% of the stock is owned by hedge funds and other institutional investors.
THL Credit Company Profile
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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