THL Credit, Inc. (NASDAQ:TCRD) CEO Christopher J. Flynn purchased 1,500 shares of the business’s stock in a transaction on Monday, March 12th. The stock was purchased at an average cost of $8.22 per share, for a total transaction of $12,330.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
THL Credit, Inc. (NASDAQ TCRD) traded down $0.05 during trading hours on Wednesday, hitting $8.15. 37,865 shares of the stock traded hands, compared to its average volume of 133,783. THL Credit, Inc. has a 1-year low of $8.01 and a 1-year high of $10.25. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $267.92, a P/E ratio of -33.96, a P/E/G ratio of 7.10 and a beta of 1.03.
THL Credit (NASDAQ:TCRD) last posted its quarterly earnings data 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). THL Credit had a positive return on equity of 10.74% and a negative net margin of 10.04%. The company had revenue of $18.58 million for the quarter, compared to analyst estimates of $19.58 million. research analysts forecast that THL Credit, Inc. will post 1.16 earnings per share for the current fiscal year.
Several equities analysts have issued reports on the stock. ValuEngine lowered shares of THL Credit from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub upgraded shares of THL Credit from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Maxim Group downgraded shares of THL Credit from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th. Keefe, Bruyette & Woods set a $9.00 price objective on shares of THL Credit and gave the stock a “hold” rating in a research note on Wednesday, March 7th. Finally, National Securities downgraded shares of THL Credit from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $11.00 to $10.00 in a research note on Thursday, March 8th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.88.
Several large investors have recently bought and sold shares of the company. Macquarie Group Ltd. lifted its stake in shares of THL Credit by 464.1% during the fourth quarter. Macquarie Group Ltd. now owns 62,754 shares of the investment management company’s stock worth $568,000 after buying an additional 51,630 shares during the period. Bramshill Investments LLC acquired a new position in THL Credit during the fourth quarter valued at $515,000. Millennium Management LLC lifted its position in THL Credit by 303.3% during the fourth quarter. Millennium Management LLC now owns 527,015 shares of the investment management company’s stock valued at $4,769,000 after purchasing an additional 396,355 shares during the period. Two Sigma Securities LLC acquired a new position in THL Credit during the fourth quarter valued at $146,000. Finally, Two Sigma Investments LP lifted its position in THL Credit by 26.5% during the fourth quarter. Two Sigma Investments LP now owns 151,793 shares of the investment management company’s stock valued at $1,374,000 after purchasing an additional 31,752 shares during the period. Institutional investors and hedge funds own 43.80% of the company’s stock.
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.
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