Headlines about THL Credit (NASDAQ:TCRD) have trended somewhat positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. THL Credit earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 46.5481619530221 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
TCRD has been the subject of a number of research analyst reports. Maxim Group reaffirmed a “buy” rating and issued a $11.50 target price on shares of THL Credit in a research note on Friday, November 10th. ValuEngine raised shares of THL Credit from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. National Securities dropped their target price on shares of THL Credit from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, November 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $10.50 target price on shares of THL Credit in a research note on Monday, October 16th. Finally, TheStreet downgraded shares of THL Credit from a “b-” rating to a “c+” rating in a research note on Monday, October 9th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.70.
Shares of THL Credit (NASDAQ TCRD) traded down $0.01 during midday trading on Friday, hitting $9.17. 90,527 shares of the company’s stock were exchanged, compared to its average volume of 130,930. THL Credit has a one year low of $8.90 and a one year high of $10.60. The company has a market capitalization of $299.94, a P/E ratio of 16.09, a PEG ratio of 8.45 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.20 and a current ratio of 0.20.
THL Credit (NASDAQ:TCRD) last issued its quarterly earnings results on Thursday, November 9th. The investment management company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. THL Credit had a net margin of 23.15% and a return on equity of 10.53%. The company had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $19.74 million. During the same quarter in the previous year, the company earned $0.32 EPS. THL Credit’s revenue was down 6.9% on a year-over-year basis. research analysts expect that THL Credit will post 1.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 11.78%. The ex-dividend date of this dividend was Thursday, December 14th. THL Credit’s dividend payout ratio is 189.48%.
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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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