THL Credit (TCRD) Given News Sentiment Rating of 0.15
Media stories about THL Credit (NASDAQ:TCRD) have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. THL Credit earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 46.5481619530221 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of THL Credit (NASDAQ:TCRD) traded down $0.01 during midday trading on Friday, reaching $9.17. 90,527 shares of the company were exchanged, compared to its average volume of 130,930. The firm has a market capitalization of $299.94, a PE ratio of 16.09, a P/E/G ratio of 8.45 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.20 and a current ratio of 0.20. THL Credit has a 52-week low of $8.90 and a 52-week high of $10.60.
THL Credit (NASDAQ:TCRD) last issued its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. The firm had revenue of $20.10 million during 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 10.53%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 earnings per share. analysts forecast that THL Credit will post 1.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 11.78%. The ex-dividend date of this dividend was Thursday, December 14th. THL Credit’s dividend payout ratio is currently 189.48%.
Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $10.50 price target on shares of THL Credit in a research report on Monday, October 16th. ValuEngine upgraded shares of THL Credit from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Maxim Group restated a “buy” rating and set a $11.50 price objective on shares of THL Credit in a report on Friday, November 10th. National Securities decreased their price objective on shares of THL Credit from $12.00 to $11.00 and set a “buy” rating for the company in a report on Monday, November 13th. Finally, TheStreet cut shares of THL Credit from a “b-” rating to a “c+” rating in a report on Monday, October 9th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target 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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