Shares of THL Credit Inc. (NASDAQ:TCRD) have received an average recommendation of “Hold” from the twelve analysts that are currently covering the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $11.80.

TCRD has been the subject of a number of recent research reports. Zacks Investment Research cut shares of THL Credit from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Deutsche Bank AG dropped their price objective on shares of THL Credit from $12.25 to $12.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. Janney Montgomery Scott initiated coverage on shares of THL Credit in a research note on Friday, June 17th. They issued a “neutral” rating and a $12.00 price objective for the company. TheStreet upgraded shares of THL Credit from a “hold” rating to a “buy” rating in a research note on Monday, July 11th. Finally, Jefferies Group restated a “hold” rating on shares of THL Credit in a research note on Friday, August 12th.

Several large investors have recently bought and sold shares of TCRD. Confluence Investment Management LLC raised its stake in shares of THL Credit by 4.2% in the second quarter. Confluence Investment Management LLC now owns 933,783 shares of the investment management company’s stock worth $10,393,000 after buying an additional 37,951 shares in the last quarter. Shikiar Asset Management Inc. raised its stake in shares of THL Credit by 1.5% in the second quarter. Shikiar Asset Management Inc. now owns 274,400 shares of the investment management company’s stock worth $3,054,000 after buying an additional 4,100 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its stake in shares of THL Credit by 15.6% in the second quarter. Mckinley Capital Management LLC Delaware now owns 209,134 shares of the investment management company’s stock worth $2,328,000 after buying an additional 28,216 shares in the last quarter. Nuveen Fund Advisors LLC bought a new stake in shares of THL Credit during the second quarter worth approximately $2,181,000. Finally, Freestone Capital Holdings LLC raised its stake in shares of THL Credit by 269.3% in the second quarter. Freestone Capital Holdings LLC now owns 178,279 shares of the investment management company’s stock worth $1,984,000 after buying an additional 129,998 shares in the last quarter. 42.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of THL Credit (NASDAQ:TCRD) opened at 9.50 on Wednesday. The firm’s 50 day moving average is $9.84 and its 200-day moving average is $10.68. THL Credit has a 52-week low of $8.58 and a 52-week high of $12.22.

THL Credit (NASDAQ:TCRD) last released its earnings results on Thursday, August 4th. The investment management company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm earned $20.50 million during the quarter, compared to analysts’ expectations of $23.06 million. THL Credit had a negative net margin of 2.30% and a positive return on equity of 11.80%. The business’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. Analysts forecast that THL Credit will post $1.41 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 14.32%. The ex-dividend date was Tuesday, September 13th. THL Credit’s payout ratio is -2,266.29%.

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 middle market companies.

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