Shares of THL Credit Inc. (NASDAQ:TCRD) have earned an average rating of “Hold” from the twelve research firms that are presently covering the firm. Eight analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $11.80.

Several research firms have recently issued reports on TCRD. National Securities reissued a “neutral” rating and issued a $11.00 price target on shares of THL Credit in a research report on Friday. Deutsche Bank AG lowered their price target on shares of THL Credit from $12.25 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, August 11th. Zacks Investment Research raised shares of THL Credit from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 11th. Citigroup Inc. lowered their price target on shares of THL Credit from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 12th. Finally, Jefferies Group reissued a “hold” rating on shares of THL Credit in a research report on Friday, August 12th.

Shares of THL Credit (NASDAQ:TCRD) opened at 9.72 on Wednesday. THL Credit has a 12 month low of $8.58 and a 12 month high of $11.95. The firm has a 50-day moving average of $9.40 and a 200-day moving average of $10.39.

THL Credit (NASDAQ:TCRD) last released its earnings results on Wednesday, November 9th. The investment management company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. The company earned $21.60 million during the quarter, compared to analysts’ expectations of $20.47 million. THL Credit had a net margin of 5.92% and a return on equity of 11.82%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Equities research analysts forecast that THL Credit will post $1.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date of this dividend is Tuesday, December 13th. THL Credit’s payout ratio is 850.05%.

Several institutional investors have recently modified their holdings of TCRD. BlackRock Group LTD raised its position in shares of THL Credit by 14.6% in the second quarter. BlackRock Group LTD now owns 168,099 shares of the investment management company’s stock worth $1,871,000 after buying an additional 21,378 shares during the last quarter. Private Advisor Group LLC raised its position in shares of THL Credit by 162.0% in the second quarter. Private Advisor Group LLC now owns 53,701 shares of the investment management company’s stock worth $612,000 after buying an additional 33,201 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its position 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 during the last quarter. BB&T Securities LLC raised its position in shares of THL Credit by 3.7% in the second quarter. BB&T Securities LLC now owns 37,216 shares of the investment management company’s stock worth $414,000 after buying an additional 1,330 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of THL Credit during the second quarter worth approximately $561,000. 42.03% of the stock is currently owned by hedge funds and other institutional investors.

THL Credit Company Profile

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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