News stories about THL Credit (NASDAQ:TCRD) have been trending somewhat positive on Thursday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. THL Credit earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 46.5732287655139 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
THL Credit (NASDAQ:TCRD) traded down $0.01 during trading hours on Thursday, reaching $9.13. The company’s stock had a trading volume of 16,548 shares, compared to its average volume of 89,618. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.50. THL Credit has a one year low of $8.90 and a one year high of $10.60. The firm has a market capitalization of $299.29, a PE ratio of 16.02, a price-to-earnings-growth ratio of 8.43 and a beta of 1.11.
THL Credit (NASDAQ:TCRD) last released its quarterly earnings results on Thursday, November 9th. The investment management company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. THL Credit had a return on equity of 10.53% and a net margin of 23.15%. The company had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $19.74 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The firm’s revenue was down 6.9% compared to the same quarter last year. equities analysts predict that THL Credit will post 1.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 11.83%. The ex-dividend date was Thursday, December 14th. THL Credit’s dividend payout ratio (DPR) is 189.48%.
Several research analysts recently weighed in on TCRD shares. TheStreet lowered THL Credit from a “b-” rating to a “c+” rating in a research report on Monday, October 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $10.50 price objective on shares of THL Credit in a research report on Monday, October 16th. Maxim Group reiterated a “buy” rating and issued a $11.50 price objective on shares of THL Credit in a research report on Friday, November 10th. ValuEngine upgraded THL Credit from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, National Securities lowered their price objective on THL Credit from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, November 13th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.70.
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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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