Wall Street analysts predict that THL Credit, Inc. (NASDAQ:TCRD) will announce sales of $20.11 million for the current quarter, according to Zacks. Four analysts have made estimates for THL Credit’s earnings, with the highest sales estimate coming in at $20.45 million and the lowest estimate coming in at $19.86 million. THL Credit posted sales of $20.48 million in the same quarter last year, which suggests a negative year over year growth rate of 1.8%. The company is expected to issue its next earnings results on Thursday, August 3rd.

On average, analysts expect that THL Credit will report full-year sales of $20.11 million for the current financial year, with estimates ranging from $79.97 million to $81.35 million. For the next fiscal year, analysts forecast that the business will report sales of $84.45 million per share, with estimates ranging from $81.07 million to $88.00 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for THL Credit.

THL Credit (NASDAQ:TCRD) last released its earnings results on Thursday, May 4th. The investment management company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The company had revenue of $19.80 million during the quarter, compared to analyst estimates of $20.13 million. THL Credit had a net margin of 27.37% and a return on equity of 10.49%. The firm’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS.

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods set a $11.00 price target on shares of THL Credit and gave the company a “hold” rating in a research note on Saturday, May 13th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of THL Credit in a research note on Wednesday, May 10th. Citigroup Inc. reissued a “market perform” rating on shares of THL Credit in a research note on Wednesday, May 10th. TheStreet lowered THL Credit from a “b-” rating to a “c” rating in a report on Monday, April 10th. Finally, Zacks Investment Research lowered THL Credit from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. THL Credit presently has an average rating of “Hold” and an average price target of $10.92.

THL Credit (NASDAQ TCRD) opened at 9.91 on Thursday. The company’s 50 day moving average is $9.90 and its 200-day moving average is $10.07. THL Credit has a 12 month low of $8.75 and a 12 month high of $11.84.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 10.90%. The ex-dividend date of this dividend is Tuesday, June 13th. THL Credit’s dividend payout ratio (DPR) is presently 158.82%.

In related news, CEO Sam W. Tillinghast acquired 5,000 shares of THL Credit stock in a transaction that occurred on Tuesday, June 6th. The shares were purchased at an average cost of $10.01 per share, for a total transaction of $50,050.00. Following the acquisition, the chief executive officer now owns 127,704 shares in the company, valued at $1,278,317.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders bought 6,925 shares of company stock worth $69,056. Corporate insiders own 0.79% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its position in shares of THL Credit by 7.2% in the first quarter. Advisors Asset Management Inc. now owns 974,010 shares of the investment management company’s stock valued at $9,701,000 after buying an additional 65,811 shares in the last quarter. Shikiar Asset Management Inc. boosted its position in THL Credit by 20.6% in the first quarter. Shikiar Asset Management Inc. now owns 380,750 shares of the investment management company’s stock worth $3,792,000 after buying an additional 65,050 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in THL Credit by 97.1% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 210,905 shares of the investment management company’s stock worth $2,100,000 after buying an additional 103,912 shares during the last quarter. Founders Financial Securities LLC bought a new stake in THL Credit during the first quarter valued at $135,000. Finally, Buckhead Capital Management LLC increased its stake in THL Credit by 19.8% in the first quarter. Buckhead Capital Management LLC now owns 363,059 shares of the investment management company’s stock valued at $3,616,000 after buying an additional 59,977 shares during the period. 48.77% of the stock is currently owned by institutional investors and hedge funds.

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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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