THL Credit Inc. (NASDAQ:TCRD) announced a quarterly dividend on Thursday, November 10th. Investors of record on Thursday, December 15th will be given a dividend of 0.27 per share by the investment management company on Friday, December 30th. This represents a $1.08 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date is Tuesday, December 13th.

Shares of THL Credit (NASDAQ:TCRD) opened at 9.62 on Friday. The company’s 50-day moving average price is $9.39 and its 200-day moving average price is $10.40. THL Credit has a 52-week low of $8.58 and a 52-week high of $11.95.

THL Credit (NASDAQ:TCRD) last posted its quarterly earnings data on Wednesday, November 9th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.01. THL Credit had a positive return on equity of 11.80% and a negative net margin of 2.30%. The company earned $21.60 million during the quarter, compared to the consensus estimate of $20.47 million. During the same quarter last year, the firm earned $0.35 EPS. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities research analysts anticipate that THL Credit will post $1.41 earnings per share for the current fiscal year.

Dividend History for THL Credit (NASDAQ:TCRD)

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of THL Credit from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 11th. National Securities dropped their target price on shares of THL Credit from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday, September 23rd. Jefferies Group reiterated a “hold” rating on shares of THL Credit in a research report on Friday, August 12th. Citigroup Inc. dropped their target price on shares of THL Credit from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 12th. Finally, Deutsche Bank AG dropped their target price on shares of THL Credit from $12.25 to $12.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. THL Credit currently has a consensus rating of “Hold” and an average target price of $11.80.

Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in shares of THL Credit during the third quarter worth $130,000. Raymond James & Associates raised its position in shares of THL Credit by 13.1% in the second quarter. Raymond James & Associates now owns 13,650 shares of the investment management company’s stock worth $152,000 after buying an additional 1,585 shares during the last quarter. WFG Advisors LP raised its position in shares of THL Credit by 1.6% in the second quarter. WFG Advisors LP now owns 16,662 shares of the investment management company’s stock worth $185,000 after buying an additional 263 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of THL Credit during the third quarter worth $204,000. Finally, Guggenheim Capital LLC raised its position in shares of THL Credit by 77.9% in the second quarter. Guggenheim Capital LLC now owns 91,201 shares of the investment management company’s stock worth $1,015,000 after buying an additional 39,925 shares during the last quarter. 42.03% of the stock is owned by hedge funds and other 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 middle market companies.

5 Day Chart for NASDAQ:TCRD

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