THL Credit Company Profile (NASDAQ:TCRD)

THL Credit trades on the NASDAQ under the ticker symbol "TCRD."

THL Credit announced a quarterly dividend on Friday, August 4th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.27 per share on Friday, September 29th. This represents a $1.08 annualized dividend and a yield of 11.75%. The ex-dividend date is Thursday, September 14th. View THL Credit's Dividend History.

THL Credit announced that its Board of Directors has initiated a share repurchase plan on Thursday, April 6th 2017, which permits the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 5.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

THL Credit, Inc. (NASDAQ:TCRD) announced its earnings results on Thursday, August, 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The firm had revenue of $20.28 million for the quarter, compared to analysts' expectations of $20.35 million. THL Credit had a net margin of 29.81% and a return on equity of 10.22%. The business's revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. View THL Credit's Earnings History.

THL Credit is scheduled to release their next quarterly earnings announcement on Thursday, November, 9th 2017. View Earnings Estimates for THL Credit.

7 equities research analysts have issued 1 year target prices for THL Credit's stock. Their forecasts range from $10.00 to $12.00. On average, they anticipate THL Credit's stock price to reach $11.00 in the next twelve months. View Analyst Ratings for THL Credit.

Here are some recent quotes from research analysts about THL Credit stock:

• 1. National Securities analysts commented, "• TCRD reported NII/share of $0.31 versus our estimate of $0.28/share with the beat largely driven by the incentive fee coming in at $1.2 million compared to our estimate of $2.3 million. The incentive fee, subject to a total return hurdle, was not earned in full during the quarter as NAV/share declined Q/Q to $11.48 from $11.71.
  • Non-accruals at amortized cost increased during the quarter to $46.3 million or 6.8% of the portfolio from $13.3 million or 1.9% the quarter prior. Washington Inventory Services was sold during the quarter and thus removed from non-accrual but CRS Reprocessing and Specialty Brands Holdings were added with a combined cost of $36.6 million.
  • THL’s portfolio at fair value was comprised of 74.0% first lien loans and the Logan JV (joint venture) combined, up from 66.6% the quarter prior. We expect that this composition will continue to trend upwards as a percentage of total fair value and lead to fewer credit issues and thus more NAV stability going forward. While the first lien debt increasing will likely weigh on effective yields somewhat, the company can continue allocating capital to Logan (88% first lien as of 6/30/17) which had a 12.7% yield by cost as of 2Q17. Additionally, our expectation for fewer credit issues in 2018 also means less of a drag on overall portfolio yield.
  • We are maintaining our 2017 NII/share estimate of $1.15 and are revising our 2018 NII/share estimate to $1.16 from $1.18." (8/7/2017)
• 2. Maxim Group analysts commented, "TCRD reported 1Q17 EPS of $0.16, versus its dividend of $0.27, so book value was down 0.9%, to $11.71. However: (1) this was caused by the writedown of one loan; and (2) thus far in 2Q17, TCRD has sold a loan for a $0.05 per share gain. With NII covering the dividend in 1Q17, and management actively managing its five control investments/equity positions, it appears to us as though TCRD should be able to cover or nearly cover its dividend with EPS in the remainder of 2017." (5/5/2017)
• 3. Jefferies Group LLC analysts commented, "TCRD reported 4Q16 NOI $0.03 below our forecast, largely driven by yield compression as the 12/31 portfolio balance was above our forecast. TCRD outearned its recently reset dividend, which we forecast continuing. Our forward estimates come down as a result of the yield pressure in the quarter. We modestly reduce our price target along with estimates while we maintain our hold rating." (3/13/2017)

Some companies that are related to THL Credit include 3i Infrastructure PLC (3IN), Hercules Capital (HTGC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Foresight Solar Fund Ltd (FSFL), TICC Capital Corp. (TICC), KCAP Financial (KCAP), GLI Finance Ltd (GLIF), Andalas Energy and Power PLC (ADL), Alcentra Capital Corp. (ABDC), American Capital Senior Floating (ACSF), Andalas Energy and Power PLC (CEB), Apollo Investment Corporation (AINV), Ares Capital Corporation (ARCC), BlackRock Capital Investment Corporation (BKCC), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock LT Municipal Advantage Trust (BTA) and Blackrock Taxable Municipal Bond Trust (BBN).

THL Credit's management team includes the folowing people:

• Nancy Hawthorne, Chairman of the Board
• W. Hunter Stropp, Co-President
• Christopher J. Flynn, Co-Chief Executive Officer, Co-Chief Investment Officer
• Sam W. Tillinghast, Co-Chief Executive Officer, Co-Chief Investment Officer
• Terrence W. Olson, Chief Financial Officer, Chief Operating Officer, Treasurer, Assistant Secretary
• Stephanie Pare Sullivan, General Counsel, Secretary, Chief Legal Officer
• Keith W. Hughes, Lead Independent Director
• Admiral Edmund P. Giambastiani Jr., Director
• Deborah H. McAneny, Director
• David K. Downes, Independent Director

THL Credit's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Shikiar Asset Management Inc. (0.00%). Company insiders that own THL Credit stock include Christopher J Flynn, Deborah H Mcaneny, James D Kern, James R Fellows, Sabrina Rusnak-Carlson, Sam W Tillinghast and Terrence W Olson. View Institutional Ownership Trends for THL Credit.

THL Credit's stock was sold by a variety of institutional investors in the last quarter, including Shikiar Asset Management Inc.. View Insider Buying and Selling for THL Credit.

Shares of THL Credit can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of THL Credit stock can currently be purchased for approximately $9.19.