Somewhat Favorable News Coverage Somewhat Unlikely to Impact THL Credit (TCRD) Stock Price
Media headlines about THL Credit (NASDAQ:TCRD) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. THL Credit earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 46.42910766371 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of THL Credit (TCRD) opened at $9.25 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.50. The firm has a market cap of $295.70, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 8.33 and a beta of 1.11. THL Credit has a twelve month low of $8.90 and a twelve month high of $10.60.
THL Credit (NASDAQ:TCRD) last posted its earnings results on Thursday, November 9th. The investment management company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The company had revenue of $20.10 million for the quarter, compared to analyst estimates of $19.74 million. THL Credit had a net margin of 23.15% and a return on equity of 10.53%. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. sell-side analysts anticipate that THL Credit will post 1.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.08 annualized dividend and a yield of 11.68%. THL Credit’s dividend payout ratio (DPR) is presently 189.48%.
A number of brokerages have issued reports on TCRD. Maxim Group reaffirmed a “buy” rating and issued a $11.50 price objective on shares of THL Credit in a research note on Friday, November 10th. National Securities reduced their price objective on shares of THL Credit from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, November 13th. ValuEngine raised shares of THL Credit from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. TheStreet cut shares of THL Credit from a “b-” rating to a “c+” rating in a research note on Monday, October 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $10.50 price objective on shares of THL Credit in a research note on Monday, October 16th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.70.
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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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