THL Credit, Inc. (NASDAQ:TCRD) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.70.
Several research analysts have recently commented on the company. Maxim Group reiterated a “buy” rating and issued a $11.50 price objective on shares of THL Credit in a report on Friday, November 10th. National Securities decreased their price objective on THL Credit from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, November 13th. ValuEngine upgraded THL Credit from a “hold” rating to a “buy” rating in a report on Friday, November 10th. TheStreet downgraded THL Credit from a “b-” rating to a “c+” rating in a report on Monday, October 9th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $10.50 price objective on shares of THL Credit in a report on Monday, October 16th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TCRD. OxFORD Asset Management LLP increased its holdings in shares of THL Credit by 1,142.1% in the second quarter. OxFORD Asset Management LLP now owns 137,442 shares of the investment management company’s stock worth $1,368,000 after buying an additional 126,377 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new position in THL Credit during the 2nd quarter valued at about $1,032,000. LSV Asset Management purchased a new position in THL Credit during the 2nd quarter valued at about $779,000. Goldman Sachs Group Inc. increased its holdings in THL Credit by 120.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 72,908 shares of the investment management company’s stock valued at $725,000 after purchasing an additional 39,895 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in THL Credit during the 2nd quarter valued at about $390,000. Hedge funds and other institutional investors own 43.77% of the company’s stock.
THL Credit (TCRD) traded down $0.01 during midday trading on Wednesday, reaching $9.17. The company’s stock had a trading volume of 90,527 shares, compared to its average volume of 130,930. THL Credit has a twelve month low of $8.90 and a twelve month high of $10.60. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $299.94, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 8.45 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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. THL Credit had a return on equity of 10.53% and a net margin of 23.15%. The business had revenue of $20.10 million for the quarter, compared to the consensus estimate of $19.74 million. During the same quarter last year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. analysts expect that THL Credit will post 1.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.08 annualized dividend and a dividend yield of 11.78%. THL Credit’s dividend payout ratio is currently 189.48%.
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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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