THL Credit, Inc. (NASDAQ:TCRD) CEO Sam W. Tillinghast sold 37,339 shares of the business’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 transaction of $309,166.92. Following the transaction, the chief executive officer now directly owns 90,365 shares in the company, valued at $748,222.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of THL Credit, Inc. (TCRD) opened at $8.20 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $266.31, a P/E ratio of -34.17, a price-to-earnings-growth ratio of 7.36 and a beta of 1.03. THL Credit, Inc. has a 1 year low of $8.01 and a 1 year high of $10.25.
THL Credit (NASDAQ:TCRD) last posted its earnings results on Tuesday, March 6th. The investment management company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). The business had revenue of $18.58 million during the quarter, compared to the consensus estimate of $19.58 million. THL Credit had a positive return on equity of 10.74% and a negative net margin of 10.04%. sell-side analysts predict that THL Credit, Inc. will post 1.13 EPS for the current fiscal year.
TCRD has been the topic of a number of research analyst reports. Deutsche Bank lowered their price objective on shares of THL Credit from $10.00 to $9.50 and set a “hold” rating on the stock in a research report on Thursday, March 8th. Maxim Group downgraded shares of THL Credit from a “buy” rating to a “hold” rating in a research report on Thursday, March 8th. National Securities downgraded shares of THL Credit from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $11.00 to $10.00 in a research report on Thursday, March 8th. Keefe, Bruyette & Woods set a $9.00 price objective on shares of THL Credit and gave the company a “hold” rating in a research report on Wednesday, March 7th. Finally, BidaskClub raised shares of THL Credit from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.00.
Hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. bought a new stake in THL Credit in the third quarter worth approximately $104,000. First Allied Advisory Services Inc. bought a new stake in THL Credit in the fourth quarter worth approximately $105,000. Two Sigma Securities LLC bought a new stake in THL Credit in the fourth quarter worth approximately $146,000. Janney Montgomery Scott LLC bought a new stake in THL Credit in the third quarter worth approximately $163,000. Finally, Globeflex Capital L P bought a new stake in THL Credit in the fourth quarter worth approximately $484,000. 43.80% of the stock is owned by 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.
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