Press coverage about Thl Credit (NASDAQ:TCRD) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Thl Credit earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 46.4304004498072 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- ValuEngine Lowers Thl Credit (TCRD) to Hold (americanbankingnews.com)
- Credit Industry Veteran Jane Musser Nelson Joins THL Credit’s Board of Directors (feeds.benzinga.com)
- Credit Industry Veteran Jane Musser Nelson Joins THL Credit’s Board of Directors (finance.yahoo.com)
- THL Credit (TCRD) Enters Oversold Territory (finance.yahoo.com)
- $18.30 Million in Sales Expected for Thl Credit (TCRD) This Quarter (americanbankingnews.com)
A number of research analysts have weighed in on the stock. National Securities lowered shares of Thl Credit from a “buy” rating to a “neutral” rating and cut their price target for the company from $11.00 to $10.00 in a research note on Thursday, March 8th. Deutsche Bank cut their price target on shares of Thl Credit from $10.00 to $9.50 and set a “hold” rating on the stock in a research note on Thursday, March 8th. Maxim Group lowered shares of Thl Credit from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th. ValuEngine lowered shares of Thl Credit from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Zacks Investment Research raised shares of Thl Credit from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.88.
Thl Credit (NASDAQ:TCRD) last posted its quarterly earnings data on Tuesday, March 6th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Thl Credit had a negative net margin of 10.04% and a positive return on equity of 10.74%. The business had revenue of $18.58 million during the quarter, compared to analyst estimates of $19.58 million. analysts predict that Thl Credit will post 1.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th were issued a $0.27 dividend. The ex-dividend date was Monday, March 19th. This represents a $1.08 annualized dividend and a dividend yield of 13.74%. Thl Credit’s dividend payout ratio is currently 89.26%.
In related news, CEO Sam W. Tillinghast sold 37,339 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were 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 owns 90,365 shares of the company’s stock, valued at $748,222.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James R. Fellows acquired 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were purchased at an average cost of $8.29 per share, with a total value of $124,350.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 17,751 shares of company stock worth $146,951. Corporate insiders own 9.39% 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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