THL Credit (TCRD) Stock Rating Upgraded by BidaskClub

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

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

Shares of THL Credit (TCRD) opened at $8.72 on Monday. 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 has a 12-month low of $8.16 and a 12-month high of $10.60. The firm has a market capitalization of $284.91, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 7.64 and a beta of 1.04.

THL Credit (NASDAQ:TCRD) last announced its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $20.10 million during the quarter, compared to the consensus estimate of $19.74 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The business’s revenue was down 6.9% on a year-over-year basis. equities research analysts forecast that THL Credit will post 1.25 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its stake in shares of THL Credit by 2.4% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,419,629 shares of the investment management company’s stock valued at $13,245,000 after buying an additional 33,708 shares during the period. LSV Asset Management increased its stake in shares of THL Credit by 17.6% during the fourth quarter. LSV Asset Management now owns 685,442 shares of the investment management company’s stock valued at $6,203,000 after buying an additional 102,498 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of THL Credit by 6.6% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 247,077 shares of the investment management company’s stock valued at $2,305,000 after buying an additional 15,391 shares during the period. OxFORD Asset Management LLP increased its stake in shares of THL Credit by 7.6% during the third quarter. OxFORD Asset Management LLP now owns 147,823 shares of the investment management company’s stock valued at $1,361,000 after buying an additional 10,381 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of THL Credit by 11.2% during the third quarter. Legal & General Group Plc now owns 93,569 shares of the investment management company’s stock valued at $873,000 after buying an additional 9,414 shares during the period. 43.11% of the stock is currently owned by hedge funds and other institutional investors.

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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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