THL Credit (NASDAQ:TCRD) announced its earnings results on Tuesday, March 6th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.04), Bloomberg Earnings reports. THL Credit had a positive return on equity of 10.74% and a negative net margin of 10.04%. The business had revenue of $18.58 million during the quarter, compared to analyst estimates of $19.58 million.
THL Credit (NASDAQ:TCRD) traded down $0.10 during mid-day trading on Wednesday, reaching $8.10. The company’s stock had a trading volume of 254,958 shares, compared to its average volume of 138,818. The company has a market cap of $264.66, a PE ratio of -33.75, a PEG ratio of 7.10 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 has a 52-week low of $8.01 and a 52-week high of $10.25.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 13.33%. The ex-dividend date is Monday, March 19th. THL Credit’s dividend payout ratio (DPR) is presently -450.00%.
In other news, insider James R. Fellows bought 15,000 shares of the stock in a transaction on Monday, March 12th. The stock was purchased at an average price of $8.29 per share, for a total transaction of $124,350.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sam W. Tillinghast sold 37,339 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $8.28, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders have acquired 17,751 shares of company stock valued at $146,951. Corporate insiders own 9.39% of the company’s stock.
Several research firms have issued reports on TCRD. Deutsche Bank reduced their price objective on THL Credit from $10.00 to $9.50 and set a “hold” rating on the stock in a report on Thursday, March 8th. BidaskClub raised THL Credit from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. ValuEngine downgraded 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 THL Credit and gave the company a “hold” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research upgraded shares of THL Credit from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.88.
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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.
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