THL Credit’s (TCRD) Hold Rating Reaffirmed at Keefe, Bruyette & Woods
THL Credit, Inc. (NASDAQ:TCRD)‘s stock had its “hold” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a report released on Monday. They currently have a $10.50 target price on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 14.38% from the company’s current price.
Several other research analysts have also recently issued reports on TCRD. TheStreet cut shares of THL Credit from a “b-” rating to a “c+” rating in a report on Monday, October 9th. National Securities restated a “buy” rating and issued a $12.00 target price on shares of THL Credit in a report on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and issued a $10.00 target price on shares of THL Credit in a report on Friday, July 14th. Finally, Deutsche Bank AG cut shares of THL Credit from a “buy” rating to a “hold” rating and set a $10.50 target price for the company. in a report on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.00.
Shares of THL Credit (NASDAQ:TCRD) remained flat at $9.18 during midday trading on Monday. 72,454 shares of the company were exchanged. THL Credit has a 12 month low of $8.75 and a 12 month high of $10.60. The company has a 50-day moving average price of $9.26 and a 200-day moving average price of $9.73.
THL Credit (NASDAQ:TCRD) last announced its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. THL Credit had a net margin of 29.81% and a return on equity of 10.22%. The company had revenue of $20.28 million for the quarter, compared to the consensus estimate of $20.35 million. During the same period in the prior year, the firm posted $0.35 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities research analysts predict that THL Credit will post $1.14 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Oxford Asset Management acquired a new stake in THL Credit during the 1st quarter worth $110,000. Raymond James Financial Services Advisors Inc. boosted its stake in THL Credit by 19.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 21,117 shares of the investment management company’s stock worth $210,000 after purchasing an additional 3,388 shares during the period. Stifel Financial Corp acquired a new stake in THL Credit during the 1st quarter worth $130,000. Legal & General Group Plc boosted its stake in THL Credit by 5.9% during the 1st quarter. Legal & General Group Plc now owns 75,969 shares of the investment management company’s stock worth $756,000 after purchasing an additional 4,263 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in THL Credit by 75.2% during the 1st quarter. Mackenzie Financial Corp now owns 55,939 shares of the investment management company’s stock worth $557,000 after purchasing an additional 24,003 shares during the period. Institutional investors and hedge funds own 45.59% of the company’s stock.
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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