THL Credit, Inc. (TCRD) Given Consensus Recommendation of “Hold” by Brokerages

THL Credit, Inc. (NASDAQ:TCRD) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $9.55.

A number of research analysts have recently issued reports on TCRD shares. ValuEngine lowered THL Credit from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded THL Credit from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Wednesday, March 14th. Deutsche Bank decreased their price target on THL Credit from $10.00 to $9.50 and set a “hold” rating on the stock in a research note on Thursday, March 8th. Maxim Group downgraded THL Credit from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th. Finally, Keefe, Bruyette & Woods set a $9.00 price target on THL Credit and gave the company a “hold” rating in a research note on Wednesday, March 7th.

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THL Credit (NASDAQ:TCRD) opened at $7.81 on Monday. The stock has a market capitalization of $255.02, a P/E ratio of -32.52, a PEG ratio of 6.72 and a beta of 1.03. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.49. THL Credit has a twelve month low of $7.79 and a twelve month high of $10.25.

THL Credit (NASDAQ:TCRD) last released its earnings results on Tuesday, March 6th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). The company had revenue of $18.58 million during the quarter, compared to analyst estimates of $19.58 million. THL Credit had a negative net margin of 10.04% and a positive return on equity of 10.74%. sell-side analysts forecast that THL Credit will post 1.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 13.84%. THL Credit’s dividend payout ratio (DPR) is presently -449.98%.

In related news, CEO Sam W. Tillinghast sold 37,339 shares of THL Credit stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $8.28, for a total value of $309,166.92. Following the sale, the chief executive officer now directly owns 90,365 shares in the company, valued at $748,222.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sam W. Tillinghast sold 40,365 shares of THL Credit stock in a transaction that occurred on Wednesday, March 14th. The shares were 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. Over the last 90 days, insiders purchased 17,751 shares of company stock worth $146,951. Company insiders own 9.39% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ boosted its position in THL Credit by 2.4% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,419,629 shares of the investment management company’s stock worth $13,245,000 after purchasing an additional 33,708 shares in the last quarter. LSV Asset Management boosted its position in THL Credit by 17.6% during the fourth quarter. LSV Asset Management now owns 685,442 shares of the investment management company’s stock worth $6,203,000 after purchasing an additional 102,498 shares in the last quarter. West Family Investments Inc. boosted its position in THL Credit by 1.8% during the fourth quarter. West Family Investments Inc. now owns 623,713 shares of the investment management company’s stock worth $5,657,000 after purchasing an additional 11,000 shares in the last quarter. Millennium Management LLC boosted its position in THL Credit by 303.3% during the fourth quarter. Millennium Management LLC now owns 527,015 shares of the investment management company’s stock worth $4,769,000 after purchasing an additional 396,355 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in THL Credit by 303.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 234,654 shares of the investment management company’s stock worth $2,124,000 after purchasing an additional 176,454 shares in the last quarter. Institutional investors own 44.83% of the company’s stock.

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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.

Analyst Recommendations for THL Credit (NASDAQ:TCRD)

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