THL Credit, Inc. (NASDAQ:TCRD) CEO Christopher J. Flynn bought 1,250 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was purchased at an average cost of $9.30 per share, for a total transaction of $11,625.00. Following the transaction, the chief executive officer now owns 35,745 shares in the company, valued at approximately $332,428.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

THL Credit, Inc. (NASDAQ:TCRD) opened at 9.32 on Thursday. The firm’s 50 day moving average price is $9.70 and its 200 day moving average price is $9.89. THL Credit, Inc. has a 52-week low of $8.75 and a 52-week high of $10.60.

THL Credit (NASDAQ:TCRD) last issued its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $20.28 million during the quarter, compared to the consensus estimate of $20.35 million. THL Credit had a return on equity of 10.22% and a net margin of 29.81%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. Equities research analysts predict that THL Credit, Inc. will post $1.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 11.59%. The ex-dividend date of this dividend is Thursday, September 14th. THL Credit’s dividend payout ratio (DPR) is presently 145.95%.

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A number of equities research analysts recently issued reports on TCRD shares. Citigroup Inc. reissued a “market perform” rating on shares of THL Credit in a research report on Wednesday, May 10th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of THL Credit in a research report on Wednesday, May 10th. Zacks Investment Research raised THL Credit from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 11th. Keefe, Bruyette & Woods set a $11.00 target price on THL Credit and gave the company a “hold” rating in a research report on Saturday, May 13th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $10.00 target price on shares of THL Credit in a research report on Friday, July 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. THL Credit has a consensus rating of “Hold” and a consensus price target of $11.00.

Several institutional investors have recently modified their holdings of the company. Confluence Investment Management LLC raised its stake in shares of THL Credit by 2.6% in the second quarter. Confluence Investment Management LLC now owns 1,076,343 shares of the investment management company’s stock worth $10,710,000 after purchasing an additional 27,108 shares during the last quarter. Ares Management LLC raised its stake in shares of THL Credit by 4.2% in the first quarter. Ares Management LLC now owns 1,060,152 shares of the investment management company’s stock worth $10,559,000 after purchasing an additional 42,701 shares during the last quarter. Muzinich & Co. Inc. raised its stake in shares of THL Credit by 103.5% in the first quarter. Muzinich & Co. Inc. now owns 898,081 shares of the investment management company’s stock worth $8,945,000 after purchasing an additional 456,685 shares during the last quarter. UBS Group AG raised its stake in shares of THL Credit by 20.6% in the first quarter. UBS Group AG now owns 806,713 shares of the investment management company’s stock worth $8,035,000 after purchasing an additional 137,939 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of THL Credit by 12.6% in the second quarter. Van ECK Associates Corp now owns 271,385 shares of the investment management company’s stock worth $2,700,000 after purchasing an additional 30,421 shares during the last quarter. 45.59% of the stock is 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 lower middle market companies.

Insider Buying and Selling by Quarter for THL Credit (NASDAQ:TCRD)

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