THL Credit (TCRD) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of THL Credit (NASDAQ:TCRD) from a strong sell rating to a sell rating in a research report sent to investors on Monday.

Other equities research analysts also recently issued reports about the stock. ValuEngine downgraded shares of THL Credit from a strong-buy rating to a buy rating in a report on Friday. Keefe, Bruyette & Woods reiterated a hold rating and set a $10.50 price objective on shares of THL Credit in a research note on Monday, October 16th. Maxim Group reiterated a buy rating and set a $11.50 price objective on shares of THL Credit in a research note on Friday, November 10th. National Securities decreased their price objective on shares of THL Credit from $12.00 to $11.00 and set a buy rating for the company in a research note on Monday, November 13th. Finally, TheStreet downgraded shares of THL Credit from a b- rating to a c+ rating in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $10.70.

Shares of THL Credit (NASDAQ TCRD) opened at $8.30 on Monday. THL Credit has a twelve month low of $8.16 and a twelve month high of $10.60. The stock has a market cap of $277.07, a P/E ratio of 6.95, a P/E/G ratio of 7.81 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.20 and a quick ratio of 0.20.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCRD. JPMorgan Chase & Co. purchased a new stake in THL Credit during the second quarter worth approximately $105,000. OxFORD Asset Management LLP grew its stake in THL Credit by 1,142.1% during the second quarter. OxFORD Asset Management LLP now owns 137,442 shares of the investment management company’s stock worth $1,368,000 after buying an additional 126,377 shares during the period. Goldman Sachs Group Inc. grew its stake in THL Credit by 120.8% during the second quarter. Goldman Sachs Group Inc. now owns 72,908 shares of the investment management company’s stock worth $725,000 after buying an additional 39,895 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in THL Credit during the second quarter worth approximately $390,000. Finally, Cetera Investment Advisers purchased a new stake in THL Credit during the second quarter worth approximately $136,000. Institutional investors own 43.11% of the company’s stock.

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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.

Analyst Recommendations for THL Credit (NASDAQ:TCRD)

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