THL Credit, Inc. (TCRD) Stock Rating Upgraded by ValuEngine
THL Credit, Inc. (NASDAQ:TCRD) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
A number of other equities analysts have also recently issued reports on the stock. Deutsche Bank AG cut shares of THL Credit from a “buy” rating to a “hold” rating and set a $10.50 price objective on the stock. in a research report on Tuesday, August 8th. TheStreet cut shares of THL Credit from a “b-” rating to a “c+” rating in a research report on Monday, October 9th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $10.50 price objective on shares of THL Credit in a research report on Wednesday, August 16th. Jefferies Group LLC reissued a “hold” rating and set a $10.00 price objective on shares of THL Credit in a research report on Friday, July 14th. Finally, National Securities reissued a “buy” rating and set a $12.00 price objective on shares of THL Credit in a research report on Monday, August 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. THL Credit has an average rating of “Hold” and an average price target of $10.90.
THL Credit (NASDAQ TCRD) traded up $0.44 during mid-day trading on Friday, hitting $9.45. 285,200 shares of the stock were exchanged, compared to its average volume of 115,739. The company has a market cap of $308.77, a PE ratio of 7.75, a PEG ratio of 8.23 and a beta of 1.10. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.53. THL Credit has a one year low of $8.90 and a one year high of $10.60.
THL Credit (NASDAQ:TCRD) last released its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. The company had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $19.74 million. THL Credit had a net margin of 23.15% and a return on equity of 10.44%. The business’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. research analysts forecast that THL Credit will post 1.2 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC lifted its position in THL Credit by 1.7% in the 2nd quarter. Private Advisor Group LLC now owns 49,751 shares of the investment management company’s stock valued at $495,000 after acquiring an additional 850 shares in the last quarter. Legal & General Group Plc lifted its position in THL Credit by 5.9% in the 1st quarter. Legal & General Group Plc now owns 75,969 shares of the investment management company’s stock valued at $756,000 after acquiring an additional 4,263 shares in the last quarter. JPMorgan Chase & Co. bought a new position in THL Credit in the 2nd quarter valued at about $105,000. Macquarie Group Ltd. bought a new position in THL Credit in the 3rd quarter valued at about $104,000. Finally, Cetera Investment Advisers bought a new position in THL Credit in the 2nd quarter valued at about $136,000. 45.42% of the stock is currently owned by institutional investors and hedge funds.
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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