THL Credit, Inc. (NASDAQ:TCRD) CFO Terrence W. Olson bought 26,000 shares of the company’s stock in a transaction on Monday, June 11th. The stock was bought at an average cost of $8.33 per share, for a total transaction of $216,580.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of THL Credit traded down $0.21, reaching $8.12, during midday trading on Thursday, MarketBeat Ratings reports. 6,728 shares of the company’s stock traded hands, compared to its average volume of 129,336. The company has a market cap of $272.82 million, a P/E ratio of 6.74, a PEG ratio of 7.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.21 and a quick ratio of 0.21. THL Credit, Inc. has a one year low of $7.70 and a one year high of $10.25.
THL Credit (NASDAQ:TCRD) last announced its quarterly earnings results on Wednesday, May 2nd. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $16.69 million for the quarter, compared to the consensus estimate of $18.30 million. THL Credit had a negative net margin of 9.01% and a positive return on equity of 10.84%. sell-side analysts anticipate that THL Credit, Inc. will post 1.09 earnings per share for the current year.
Several equities research analysts have commented on the company. BidaskClub raised THL Credit from a “strong sell” rating to a “sell” rating in a report on Friday, June 8th. Zacks Investment Research raised THL Credit from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded THL Credit from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Deutsche Bank dropped their target price on THL Credit from $10.00 to $9.50 and set a “hold” rating on the stock in a report on Thursday, March 8th. Finally, National Securities reissued a “neutral” rating and issued a $10.00 target price on shares of THL Credit in a report on Friday, May 4th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.88.
Large investors have recently made changes to their positions in the company. First Allied Advisory Services Inc. bought a new position in shares of THL Credit during the fourth quarter valued at $105,000. Susquehanna Fundamental Investments LLC bought a new position in shares of THL Credit during the first quarter valued at $105,000. Dynamic Technology Lab Private Ltd bought a new position in shares of THL Credit during the first quarter valued at $112,000. Citigroup Inc. lifted its holdings in shares of THL Credit by 1,316.0% during the first quarter. Citigroup Inc. now owns 15,576 shares of the investment management company’s stock valued at $121,000 after purchasing an additional 14,476 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of THL Credit during the fourth quarter valued at $146,000. 44.97% of the stock is currently owned by hedge funds and other institutional investors.
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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