Private Advisor Group LLC raised its position in shares of THL Credit, Inc. (NASDAQ:TCRD) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,751 shares of the investment management company’s stock after purchasing an additional 850 shares during the quarter. Private Advisor Group LLC’s holdings in THL Credit were worth $495,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Confluence Investment Management LLC raised its stake in THL Credit by 2.6% during the 2nd quarter. Confluence Investment Management LLC now owns 1,076,343 shares of the investment management company’s stock valued at $10,710,000 after purchasing an additional 27,108 shares during the period. Ares Management LLC raised its stake in THL Credit by 4.2% during the 1st quarter. Ares Management LLC now owns 1,060,152 shares of the investment management company’s stock valued at $10,559,000 after purchasing an additional 42,701 shares during the period. Muzinich & Co. Inc. raised its stake in THL Credit by 103.5% during the 1st quarter. Muzinich & Co. Inc. now owns 898,081 shares of the investment management company’s stock valued at $8,945,000 after purchasing an additional 456,685 shares during the period. UBS Group AG raised its stake in THL Credit by 20.6% during the 1st quarter. UBS Group AG now owns 806,713 shares of the investment management company’s stock valued at $8,035,000 after purchasing an additional 137,939 shares during the period. Finally, Van ECK Associates Corp raised its stake in THL Credit by 29.0% during the 1st quarter. Van ECK Associates Corp now owns 240,964 shares of the investment management company’s stock valued at $2,400,000 after purchasing an additional 54,199 shares during the period. 45.59% of the stock is currently owned by institutional investors.

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Several analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $10.50 target price on shares of THL Credit in a research note on Wednesday, August 16th. National Securities reissued a “buy” rating and set a $12.00 target price on shares of THL Credit in a research note on Monday, August 7th. TheStreet raised shares of THL Credit from a “c+” rating to a “b-” rating in a research note on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and set a $10.00 target price on shares of THL Credit in a research note on Friday, July 14th. Finally, Deutsche Bank AG downgraded shares of THL Credit from a “buy” rating to a “hold” rating and set a $10.50 target price on the stock. in a research note on Tuesday, August 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. THL Credit presently has an average rating of “Hold” and a consensus target price of $11.00.

THL Credit, Inc. (NASDAQ TCRD) opened at 9.10 on Friday. THL Credit, Inc. has a 1-year low of $8.75 and a 1-year high of $10.60. The stock has a 50 day moving average of $9.54 and a 200-day moving average of $9.83.

THL Credit (NASDAQ:TCRD) last announced its quarterly earnings results on Thursday, August 3rd. The investment management company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $20.28 million for the quarter, compared to analysts’ expectations of $20.35 million. THL Credit had a net margin of 29.81% and a return on equity of 10.22%. The business’s quarterly 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. Equities research analysts predict that THL Credit, Inc. will post $1.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.87%. THL Credit’s dividend payout ratio is 145.95%.

THL Credit 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.

Institutional Ownership by Quarter for THL Credit (NASDAQ:TCRD)

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