Media coverage about THL Credit (NASDAQ:TCRD) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. THL Credit earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 46.6440170855318 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- THL CREDIT, INC. : ex-dividend day (4-traders.com)
- THL Credit Raises $612 Million Collateralized Loan Obligation … – Nasdaq (nasdaq.com)
- THL Credit Senior Loan Fund Declares Monthly Distribution of $0.096 Per Share – Business Wire (press release) (businesswire.com)
THL Credit (NASDAQ:TCRD) opened at $9.16 on Friday. The company has a market capitalization of $307.46, a PE ratio of 7.71, a P/E/G ratio of 7.50 and a beta of 1.11. THL Credit has a 52 week low of $8.90 and a 52 week high of $10.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.20 and a quick ratio of 0.20.
THL Credit (NASDAQ:TCRD) last posted its quarterly earnings results on Thursday, November 9th. The investment management company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. The business had revenue of $20.10 million during the quarter, compared to the consensus estimate of $19.74 million. THL Credit had a return on equity of 10.53% and a net margin of 23.15%. THL Credit’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. equities analysts expect that THL Credit will post 1.25 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 11.79%. The ex-dividend date of this dividend is Thursday, December 14th. THL Credit’s dividend payout ratio (DPR) is presently 189.48%.
TCRD has been the subject of a number of recent research reports. ValuEngine raised shares of THL Credit from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Maxim Group reissued a “buy” rating and issued a $11.50 target price on shares of THL Credit in a research report on Friday, November 10th. National Securities reduced their target price on shares of THL Credit from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, November 13th. TheStreet cut shares of THL Credit from a “b-” rating to a “c+” rating in a research report on Monday, October 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $10.50 target price on shares of THL Credit in a research report on Monday, October 16th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. THL Credit presently has an average rating of “Hold” and a consensus target price of $10.70.
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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.
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