THL Credit (TCRD) Earns Daily News Impact Rating of 0.19
News articles about THL Credit (NASDAQ:TCRD) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. THL Credit earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 45.0350409479132 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of THL Credit (TCRD) opened at 9.40 on Monday. The firm has a 50-day moving average of $9.94 and a 200-day moving average of $9.98. THL Credit has a one year low of $8.75 and a one year high of $10.60.
THL Credit (NASDAQ:TCRD) last posted its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The business had revenue of $20.28 million for the quarter, compared to the consensus estimate of $20.35 million. THL Credit had a net margin of 29.81% and a return on equity of 10.22%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. Analysts expect that THL Credit will post $1.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 11.49%. The ex-dividend date is Thursday, September 14th. THL Credit’s payout ratio is 145.95%.
Several analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $10.50 price objective on shares of THL Credit in a research report on Wednesday, August 16th. Deutsche Bank AG downgraded shares of THL Credit from a “buy” rating to a “hold” rating and set a $10.50 price objective on the stock. in a research report on Tuesday, August 8th. National Securities restated a “buy” rating and set a $12.00 price objective on shares of THL Credit in a research report on Monday, August 7th. TheStreet upgraded shares of THL Credit from a “c+” rating to a “b-” rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and set a $10.00 price objective on shares of THL Credit in a research report on Friday, July 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.00.
In related news, CEO Sam W. Tillinghast acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were acquired at an average cost of $10.01 per share, with a total value of $50,050.00. Following the completion of the acquisition, the chief executive officer now directly owns 127,704 shares in the company, valued at approximately $1,278,317.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.79% of the company’s stock.
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.
Receive News & Stock Ratings for THL Credit Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for THL Credit Inc. and related stocks with our FREE daily email newsletter.