THL Credit, Inc. (NASDAQ:TCRD) declared a quarterly dividend on Wednesday, March 7th, Wall Street Journal reports. Investors of record on Tuesday, March 20th will be given a dividend of 0.27 per share by the investment management company on Friday, March 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 13.17%. The ex-dividend date is Monday, March 19th.

Shares of THL Credit (NASDAQ TCRD) opened at $8.20 on Wednesday. THL Credit has a 1 year low of $8.01 and a 1 year high of $10.25. The company has a market capitalization of $269.56, a PE ratio of -34.17, a price-to-earnings-growth ratio of 7.10 and a beta of 1.03. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.16 and a current ratio of 0.16.

THL Credit (NASDAQ:TCRD) last announced its quarterly earnings data on Tuesday, March 6th. The investment management company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). THL Credit had a positive return on equity of 10.74% and a negative net margin of 10.04%. The business had revenue of $18.58 million for the quarter, compared to analyst estimates of $19.58 million. equities analysts predict that THL Credit will post 1.16 earnings per share for the current fiscal year.

In related news, insider James R. Fellows acquired 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were acquired at an average cost of $8.29 per share, with a total value of $124,350.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sam W. Tillinghast sold 37,339 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $8.28, for a total value of $309,166.92. Following the completion of the transaction, the chief executive officer now directly owns 90,365 shares in the company, valued at $748,222.20. The disclosure for this sale can be found here. Insiders have bought a total of 17,751 shares of company stock valued at $146,951 over the last ninety days. Company insiders own 9.39% of the company’s stock.

A number of equities research analysts have commented on TCRD shares. Deutsche Bank decreased their price objective on THL Credit from $10.00 to $9.50 and set a “hold” rating for the company in a research report on Thursday, March 8th. Maxim Group downgraded THL Credit from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th. National Securities downgraded THL Credit from a “buy” rating to a “neutral” rating and cut their price target for the stock from $11.00 to $10.00 in a research note on Thursday, March 8th. Keefe, Bruyette & Woods set a $9.00 price target on THL Credit and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Finally, BidaskClub raised THL Credit from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $10.00.

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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.

Dividend History for THL Credit (NASDAQ:TCRD)

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