Headlines about THL Credit (NASDAQ:TCRD) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. THL Credit earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 46.6755003283547 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
THL Credit (TCRD) traded down 1.05% during trading on Friday, hitting $9.40. The stock had a trading volume of 90,196 shares. THL Credit has a one year low of $8.75 and a one year high of $10.60. The stock has a 50 day moving average of $9.94 and a 200 day moving average of $9.98.
THL Credit (NASDAQ:TCRD) last posted its earnings results on Thursday, August 3rd. The investment management company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. THL Credit had a return on equity of 10.22% and a net margin of 29.81%. The firm had revenue of $20.28 million for the quarter, compared to the consensus estimate of $20.35 million. During the same quarter in the prior year, the business earned $0.35 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts expect that THL Credit will post $1.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 11.49%. THL Credit’s dividend payout ratio is currently 145.95%.
Several research firms recently issued reports on TCRD. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $10.50 price target on shares of THL Credit in a report on Wednesday. Deutsche Bank AG cut THL Credit from a “buy” rating to a “hold” rating and set a $10.50 target price on the stock. in a report on Tuesday, August 8th. National Securities restated a “buy” rating and set a $12.00 target price on shares of THL Credit in a report on Monday, August 7th. TheStreet upgraded THL Credit from a “c+” rating to a “b-” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and set a $10.00 target price on shares of THL Credit in a report on Friday, July 14th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. THL Credit presently has a consensus rating of “Hold” and an average price target of $11.00.
In other THL Credit news, CEO Sam W. Tillinghast acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were acquired at an average cost of $10.01 per share, with a total value of $50,050.00. Following the transaction, the chief executive officer now owns 127,704 shares of the company’s stock, valued at approximately $1,278,317.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.79% 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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