THL Credit, Inc. (NASDAQ:TCRD) CEO Sam W. Tillinghast sold 37,339 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $8.28, for a total transaction of $309,166.92. Following the completion of the sale, the chief executive officer now directly owns 90,365 shares in the company, valued at $748,222.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of THL Credit, Inc. (NASDAQ TCRD) opened at $8.10 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.16 and a quick ratio of 0.16. THL Credit, Inc. has a 1 year low of $8.01 and a 1 year high of $10.25. The company has a market cap of $267.92, a PE ratio of 6.78, a price-to-earnings-growth ratio of 7.06 and a beta of 1.03.
THL Credit (NASDAQ:TCRD) last issued its quarterly earnings results on Tuesday, March 6th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.04). THL Credit had a positive return on equity of 10.74% and a negative net margin of 10.04%. The business had revenue of $18.58 million during the quarter, compared to the consensus estimate of $19.58 million. equities analysts anticipate that THL Credit, Inc. will post 1.16 EPS for the current year.
A number of analysts have recently issued reports on TCRD shares. BidaskClub lowered shares of THL Credit from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Zacks Investment Research raised shares of THL Credit from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research report on Wednesday. ValuEngine downgraded shares of THL Credit from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods set a $9.00 price objective on shares of THL Credit and gave the stock a “hold” rating in a report on Wednesday, March 7th. Finally, National Securities downgraded shares of THL Credit from a “buy” rating to a “neutral” rating and reduced their price target for the company from $11.00 to $10.00 in a report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. THL Credit currently has a consensus rating of “Hold” and a consensus price target of $9.88.
A number of institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. raised its position in THL Credit by 464.1% in the fourth quarter. Macquarie Group Ltd. now owns 62,754 shares of the investment management company’s stock worth $568,000 after acquiring an additional 51,630 shares in the last quarter. Bramshill Investments LLC acquired a new stake in THL Credit during the 4th quarter worth about $515,000. Millennium Management LLC raised its holdings in THL Credit by 303.3% during the 4th quarter. Millennium Management LLC now owns 527,015 shares of the investment management company’s stock worth $4,769,000 after buying an additional 396,355 shares during the period. Two Sigma Securities LLC acquired a new stake in THL Credit during the 4th quarter worth about $146,000. Finally, Two Sigma Investments LP raised its holdings in THL Credit by 26.5% during the 4th quarter. Two Sigma Investments LP now owns 151,793 shares of the investment management company’s stock worth $1,374,000 after buying an additional 31,752 shares during the period. Hedge funds and other institutional investors own 43.80% of the company’s stock.
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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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