Thl Credit (TCRD) CEO Sam W. Tillinghast Sells 40,365 Shares

Thl Credit (NASDAQ:TCRD) CEO Sam W. Tillinghast sold 40,365 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Thl Credit stock opened at $7.85 on Friday. Thl Credit has a 12 month low of $7.72 and a 12 month high of $10.25. The company has a market cap of $254.53, a price-to-earnings ratio of 6.49, a PEG ratio of 6.70 and a beta of 1.04. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.49.

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Thl Credit (NASDAQ:TCRD) last announced its earnings results on Tuesday, March 6th. The investment management company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Thl Credit had a negative net margin of 10.04% and a positive return on equity of 10.74%. The firm had revenue of $18.58 million for the quarter, compared to analyst estimates of $19.58 million. equities research analysts anticipate that Thl Credit will post 1.16 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Tuesday, March 20th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 19th. This represents a $1.08 annualized dividend and a dividend yield of 13.76%. Thl Credit’s dividend payout ratio is presently 89.26%.

Several large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. increased its holdings in shares of Thl Credit by 464.1% in the fourth quarter. Macquarie Group Ltd. now owns 62,754 shares of the investment management company’s stock valued at $568,000 after purchasing an additional 51,630 shares during the last quarter. Bramshill Investments LLC acquired a new stake in shares of Thl Credit in the fourth quarter valued at approximately $515,000. Millennium Management LLC increased its holdings in shares of 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 purchasing an additional 396,355 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Thl Credit in the fourth quarter valued at approximately $146,000. Finally, Two Sigma Investments LP increased its holdings in shares of Thl Credit by 26.5% in the fourth quarter. Two Sigma Investments LP now owns 151,793 shares of the investment management company’s stock valued at $1,374,000 after purchasing an additional 31,752 shares during the last quarter. 44.83% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the company. ValuEngine downgraded Thl Credit from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub raised Thl Credit from a “strong sell” rating to a “sell” rating in a report on Saturday, March 24th. Keefe, Bruyette & Woods set a $9.00 target price on Thl Credit and gave the company a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research raised Thl Credit from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a report on Wednesday, March 14th. Finally, Maxim Group cut Thl Credit from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $9.88.

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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.

Insider Buying and Selling by Quarter for Thl Credit (NASDAQ:TCRD)

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