THL Credit, Inc. (TCRD) Given Average Recommendation of “Hold” by Brokerages

THL Credit, Inc. (NASDAQ:TCRD) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $10.70.

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $10.50 price objective on shares of THL Credit in a report on Wednesday, August 16th. TheStreet upgraded THL Credit from a “c+” rating to a “b-” rating in a report on Monday, July 31st. ValuEngine upgraded THL Credit from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. 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. Finally, Deutsche Bank AG lowered THL Credit from a “buy” rating to a “hold” rating and set a $10.50 price objective for the company. in a research report on Tuesday, August 8th.

THL Credit (NASDAQ:TCRD) opened at $9.37 on Tuesday. The firm has a market capitalization of $308.44, a PE ratio of 7.74, a PEG ratio of 7.53 and a beta of 1.09. THL Credit has a 52 week low of $8.90 and a 52 week high of $10.60. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.50.

THL Credit (NASDAQ:TCRD) last announced its earnings results on Thursday, November 9th. The investment management company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. THL Credit had a return on equity of 10.53% and a net margin of 23.15%. The business had revenue of $20.10 million for the quarter, compared to the consensus estimate of $19.74 million. During the same period last year, the business posted $0.32 EPS. The company’s revenue was down 6.9% on a year-over-year basis. sell-side analysts anticipate that THL Credit will post 1.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.08 annualized dividend and a dividend yield of 11.53%. THL Credit’s dividend payout ratio (DPR) is presently 192.86%.

Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new position in THL Credit in the 3rd quarter valued at approximately $104,000. JPMorgan Chase & Co. acquired a new position in THL Credit in the 2nd quarter valued at approximately $105,000. Cetera Investment Advisers acquired a new position in THL Credit in the 2nd quarter valued at approximately $136,000. CIBC World Markets Inc. acquired a new position in THL Credit in the 2nd quarter valued at approximately $150,000. Finally, Janney Montgomery Scott LLC acquired a new position in THL Credit in the 3rd quarter valued at approximately $163,000. Hedge funds and other institutional investors own 46.58% of the company’s stock.

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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.

Analyst Recommendations for THL Credit (NASDAQ:TCRD)

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