Bramshill Investments LLC bought a new position in shares of Thl Credit (NASDAQ:TCRD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 56,885 shares of the investment management company’s stock, valued at approximately $515,000. Bramshill Investments LLC owned 0.17% of Thl Credit as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ lifted its holdings in Thl Credit by 2.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,419,629 shares of the investment management company’s stock valued at $13,245,000 after acquiring an additional 33,708 shares during the period. LSV Asset Management lifted its holdings in Thl Credit by 17.6% in the fourth quarter. LSV Asset Management now owns 685,442 shares of the investment management company’s stock valued at $6,203,000 after acquiring an additional 102,498 shares during the period. West Family Investments Inc. lifted its holdings in Thl Credit by 1.8% in the fourth quarter. West Family Investments Inc. now owns 623,713 shares of the investment management company’s stock valued at $5,657,000 after acquiring an additional 11,000 shares during the period. Millennium Management LLC lifted its holdings in Thl Credit by 303.3% in the fourth quarter. Millennium Management LLC now owns 527,015 shares of the investment management company’s stock valued at $4,769,000 after acquiring an additional 396,355 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Thl Credit by 303.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 234,654 shares of the investment management company’s stock valued at $2,124,000 after acquiring an additional 176,454 shares during the period. 44.83% of the stock is owned by hedge funds and other institutional investors.
Shares of Thl Credit stock traded down $0.01 on Friday, reaching $7.85. The company’s stock had a trading volume of 117,422 shares, compared to its average volume of 191,024. The stock has a market capitalization of $256.81, a PE ratio of 6.49, a price-to-earnings-growth ratio of 6.76 and a beta of 1.04. Thl Credit has a 52-week low of $7.72 and a 52-week high of $10.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.16 and a quick ratio of 0.16.
Thl Credit (NASDAQ:TCRD) last posted its quarterly earnings data on Tuesday, March 6th. The investment management company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). The business had revenue of $18.58 million during the quarter, compared to analysts’ expectations of $19.58 million. Thl Credit had a negative net margin of 10.04% and a positive return on equity of 10.74%. equities research analysts anticipate that Thl Credit will post 1.16 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 13.76%. The ex-dividend date was Monday, March 19th. Thl Credit’s dividend payout ratio (DPR) is presently 89.26%.
In other news, insider James R. Fellows purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was purchased at an average cost of $8.29 per share, for a total transaction of $124,350.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sam W. Tillinghast sold 40,365 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $8.12, for a total value of $327,763.80. The disclosure for this sale can be found here. Insiders bought 17,751 shares of company stock valued at $146,951 over the last 90 days. Company insiders own 9.39% of the company’s stock.
A number of brokerages have issued reports on TCRD. Deutsche Bank decreased their price target on Thl Credit from $10.00 to $9.50 and set a “hold” rating for the company in a report on Thursday, March 8th. BidaskClub raised Thl Credit from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. ValuEngine downgraded Thl Credit from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods set a $9.00 price target on Thl Credit and gave the company a “hold” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research raised Thl Credit from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $9.88.
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Thl Credit 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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