Shares of Thl Credit (NASDAQ:TCRD) have been assigned an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $9.63.
Several research firms have recently weighed in on TCRD. Zacks Investment Research downgraded Thl Credit from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. BidaskClub downgraded Thl Credit from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 12th. National Securities reiterated a “neutral” rating and set a $10.00 price objective on shares of Thl Credit in a research report on Friday, May 4th. ValuEngine downgraded Thl Credit from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, 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 research report on Thursday, March 8th.
Shares of NASDAQ TCRD remained flat at $$7.88 during midday trading on Tuesday. The stock had a trading volume of 103,892 shares, compared to its average volume of 84,955. The stock has a market capitalization of $257.47 million, a P/E ratio of 6.51, a PEG ratio of 7.22 and a beta of 1.04. Thl Credit has a 1-year low of $7.70 and a 1-year high of $10.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.21 and a current ratio of 0.21.
Thl Credit (NASDAQ:TCRD) last released its earnings results on Wednesday, May 2nd. The investment management company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $16.69 million during the quarter, compared to analysts’ expectations of $18.30 million. Thl Credit had a negative net margin of 9.01% and a positive return on equity of 10.84%. research analysts forecast that Thl Credit will post 1.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.08 dividend on an annualized basis and a yield of 13.71%. Thl Credit’s payout ratio is 89.26%.
In other Thl Credit news, CEO Sam W. Tillinghast sold 37,339 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $8.28, for a total transaction of $309,166.92. Following the completion of the sale, the chief executive officer now owns 90,365 shares of the company’s stock, valued at $748,222.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James R. Fellows bought 15,000 shares of the business’s stock in a transaction on Monday, March 12th. The shares were acquired at an average cost of $8.29 per share, with a total value of $124,350.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 17,751 shares of company stock worth $146,951. 0.46% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Thl Credit by 4.2% during the fourth 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. Great West Life Assurance Co. Can increased its stake in Thl Credit by 0.6% during the first quarter. Great West Life Assurance Co. Can now owns 1,433,062 shares of the investment management company’s stock worth $11,135,000 after acquiring an additional 8,142 shares during the last quarter. West Family Investments Inc. increased its stake 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 acquiring an additional 11,000 shares during the last quarter. Personal Resources Investment & Strategic Management Inc. increased its stake in Thl Credit by 8.0% during the first quarter. Personal Resources Investment & Strategic Management Inc. now owns 153,630 shares of the investment management company’s stock worth $1,191,000 after acquiring an additional 11,327 shares during the last quarter. Finally, First Allied Advisory Services Inc. acquired a new stake in Thl Credit during the fourth quarter worth $105,000. 45.60% of the stock is owned by institutional investors.
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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