Shares of THL Credit, Inc. (NASDAQ:TCRD) have earned a consensus rating of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $10.70.

A number of brokerages have recently commented on TCRD. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $10.50 target price on shares of THL Credit in a report on Monday, October 16th. TheStreet cut shares of THL Credit from a “b-” rating to a “c+” rating in a report on Monday, October 9th. National Securities cut their target price on shares of THL Credit from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, November 13th. Maxim Group reaffirmed a “buy” rating and issued a $11.50 target price on shares of THL Credit in a report on Friday, November 10th. Finally, ValuEngine raised shares of THL Credit from a “hold” rating to a “buy” rating in a report on Friday, November 10th.

THL Credit (NASDAQ TCRD) opened at $9.24 on Friday. The company has a market cap of $306.80, a price-to-earnings ratio of 7.70, a PEG ratio of 7.49 and a beta of 1.11. THL Credit has a 1-year low of $8.90 and a 1-year high of $10.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.20 and a quick ratio of 0.20.

THL Credit (NASDAQ:TCRD) last announced its earnings results on Thursday, November 9th. The investment management company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The business 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 10.53%. The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. analysts predict that THL Credit will post 1.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.08 annualized dividend and a yield of 11.69%. THL Credit’s dividend payout ratio is currently 189.48%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC increased its stake 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 buying an additional 850 shares during the period. Legal & General Group Plc increased its stake in THL Credit by 10.8% in the 2nd quarter. Legal & General Group Plc now owns 84,155 shares of the investment management company’s stock valued at $839,000 after buying an additional 8,186 shares during the period. OxFORD Asset Management LLP increased its stake in THL Credit by 7.6% in the 3rd quarter. OxFORD Asset Management LLP now owns 147,823 shares of the investment management company’s stock valued at $1,361,000 after buying an additional 10,381 shares during the period. JPMorgan Chase & Co. acquired a new position in THL Credit in the 2nd quarter valued at $105,000. Finally, Macquarie Group Ltd. acquired a new position in THL Credit in the 3rd quarter valued at $104,000. 43.96% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for THL Credit (NASDAQ:TCRD)

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