Shares of THL Credit, Inc. (NASDAQ:TCRD) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $9.63.
Several equities research analysts have recently commented on the stock. Deutsche Bank lowered their price objective on shares of THL Credit from $10.00 to $9.50 and set a “hold” rating for the company in a research note on Thursday, March 8th. Zacks Investment Research downgraded shares of THL Credit from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. ValuEngine downgraded shares of THL Credit from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. BidaskClub downgraded shares of THL Credit from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 14th. Finally, Keefe, Bruyette & Woods set a $9.00 price objective on shares of THL Credit and gave the stock a “hold” rating in a research note on Wednesday, March 7th.
In other THL Credit news, CFO Terrence W. Olson bought 13,098 shares of THL Credit stock in a transaction that occurred on Friday, May 4th. The stock was purchased at an average price of $7.74 per share, with a total value of $101,378.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Terrence W. Olson bought 13,626 shares of THL Credit stock in a transaction that occurred on Monday, April 30th. The shares were acquired at an average cost of $7.94 per share, with a total value of $108,190.44. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 227,259 shares of company stock valued at $1,797,582. 0.46% of the stock is currently owned by corporate insiders.
Shares of NASDAQ:TCRD traded down $0.19 on Friday, hitting $8.14. 183,915 shares of the company were exchanged, compared to its average volume of 129,815. THL Credit has a 1-year low of $7.70 and a 1-year high of $10.25. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $272.82 million, a P/E ratio of 6.73, a PEG ratio of 7.65 and a beta of 1.04.
THL Credit (NASDAQ:TCRD) last posted its quarterly earnings data on Wednesday, May 2nd. The investment management company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.02). THL Credit had a positive return on equity of 10.84% and a negative net margin of 9.01%. The company had revenue of $16.69 million for the quarter, compared to analyst estimates of $18.30 million. equities analysts forecast that THL Credit will post 1.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, June 14th. This represents a $1.08 annualized dividend and a dividend yield of 13.27%. THL Credit’s dividend payout ratio (DPR) is presently 89.26%.
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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