Athena Capital Advisors LLC lifted its position in Thl Credit (NASDAQ:TCRD) by 171.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,285 shares of the investment management company’s stock after acquiring an additional 188,511 shares during the quarter. Athena Capital Advisors LLC owned 0.91% of Thl Credit worth $2,318,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Thl Credit by 4.2% in the 4th quarter. BlackRock Inc. now owns 199,397 shares of the investment management company’s stock worth $1,805,000 after acquiring an additional 8,099 shares during the last quarter. West Family Investments Inc. lifted its holdings in shares of Thl Credit by 1.8% in the 4th quarter. West Family Investments Inc. now owns 623,713 shares of the investment management company’s stock worth $5,657,000 after acquiring an additional 11,000 shares during the last quarter. First Allied Advisory Services Inc. bought a new stake in shares of Thl Credit in the 4th quarter worth about $105,000. Trexquant Investment LP lifted its holdings in shares of Thl Credit by 119.4% in the 1st quarter. Trexquant Investment LP now owns 23,416 shares of the investment management company’s stock worth $182,000 after acquiring an additional 12,745 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of Thl Credit in the 4th quarter worth about $146,000. Hedge funds and other institutional investors own 45.60% of the company’s stock.
Thl Credit opened at $7.84 on Tuesday, MarketBeat reports. The stock has a market capitalization of $257.14 million, a P/E ratio of 6.48, a P/E/G ratio of 7.21 and a beta of 1.04. Thl Credit has a 12 month low of $7.83 and a 12 month high of $7.89. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.49.
Thl Credit (NASDAQ:TCRD) last posted its quarterly earnings results on Wednesday, May 2nd. The investment management company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.02). The company had revenue of $16.69 million during the quarter, compared to analysts’ expectations of $18.30 million. Thl Credit had a positive return on equity of 10.84% and a negative net margin of 9.01%. equities research analysts expect that Thl Credit will post 1.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 13.78%. The ex-dividend date of this dividend is Thursday, June 14th. Thl Credit’s dividend payout ratio is presently 89.26%.
Several research firms have recently issued reports on TCRD. BidaskClub lowered shares of Thl Credit from a “sell” rating to a “strong sell” rating in a report on Saturday. ValuEngine downgraded shares of Thl Credit from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods set a $9.00 price target on shares of Thl Credit and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research downgraded shares of Thl Credit from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.88.
In other Thl Credit news, CEO Sam W. Tillinghast sold 37,339 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $8.28, for a total transaction of $309,166.92. Following the transaction, the chief executive officer now owns 90,365 shares of the company’s stock, valued at approximately $748,222.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sam W. Tillinghast sold 40,365 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $8.12, for a total transaction of $327,763.80. The disclosure for this sale can be found here. Insiders purchased a total of 17,751 shares of company stock worth $146,951 in the last ninety days. 0.46% of the stock is currently owned by insiders.
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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