THL Credit, Inc. (NASDAQ:TCRD) CEO Sam W. Tillinghast sold 37,339 shares of THL Credit 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 sale, the chief executive officer now directly owns 90,365 shares in the company, valued at approximately $748,222.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.
THL Credit, Inc. (NASDAQ:TCRD) opened at $8.25 on Tuesday. THL Credit, Inc. has a 12-month low of $8.01 and a 12-month high of $10.25. The stock has a market cap of $269.56, a PE ratio of -34.38, a P/E/G ratio of 7.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.16 and a current ratio of 0.16.
THL Credit (NASDAQ:TCRD) last issued its quarterly earnings results on Tuesday, March 6th. The investment management company reported $0.27 earnings per share (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 business had revenue of $18.58 million for the quarter, compared to analysts’ expectations of $19.58 million. equities analysts anticipate that THL Credit, Inc. will post 1.13 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of TCRD. Macquarie Group Ltd. purchased a new position in THL Credit during the 3rd quarter valued at about $104,000. Legal & General Group Plc lifted its position in THL Credit by 11.2% during the 3rd quarter. Legal & General Group Plc now owns 93,569 shares of the investment management company’s stock valued at $873,000 after acquiring an additional 9,414 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in THL Credit by 2.4% during the 3rd 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. OxFORD Asset Management LLP lifted its position in THL Credit by 7.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 147,823 shares of the investment management company’s stock valued at $1,361,000 after acquiring an additional 10,381 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in THL Credit during the 3rd quarter valued at about $163,000. 43.80% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on TCRD shares. BidaskClub raised shares of THL Credit from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. National Securities cut their target price on shares of THL Credit from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, November 13th. ValuEngine lowered 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 target price on shares of THL Credit and gave the company a “hold” rating in a research note on Wednesday, March 7th. Finally, Maxim Group lowered shares of THL Credit from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $10.00.
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.
Receive News & Ratings for THL Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for THL Credit and related companies with MarketBeat.com's FREE daily email newsletter.