NASDAQ:TCRD - THL Credit Stock Price, Forecast & News

$6.42

+0.03 (+0.47 %)

(As of 01/23/2020 08:29 AM ET)

Add

Compare

Today's Range

$6.39

Now: $6.42▼

$6.43

50-Day Range

$6.31

MA: $6.51▼

$6.89

52-Week Range

$6.28

Now: $6.42▼

$7.43

Volume38,158 shs

Average Volume101,808 shs

Market Capitalization$194.46 million

P/E RatioN/A

Dividend Yield13.15%

Beta0.97

THL Credit, Inc is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers. Read More…

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Investors, not elsewhere classified

Sub-IndustryAsset Management & Custody Banks

SectorFinance

Current SymbolNASDAQ:TCRD

Previous Symbol

CUSIP87243810

CIK1464963

Webhttp://www.thlcredit.com/

Phone800-450-4424

Debt

Debt-to-Equity Ratio0.27

Current Ratio0.30

Quick Ratio0.30

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio7.05

P/E GrowthN/A

Sales & Book Value

Annual Sales$66.94 million

Price / Sales2.91

Cash Flow$1.03 per share

Price / Cash Flow6.21

Book Value$9.05 per share

Price / Book0.71

Profitability

EPS (Most Recent Fiscal Year)$1.07

Net Income$-10,600,000.00

Net Margins-55.49%

Return on Equity10.76%

Return on Assets6.06%

Miscellaneous

EmployeesN/A

Outstanding Shares30,290,000

Market Cap$194.46 million

Next Earnings Date3/4/2020 (Estimated)

OptionableOptionable

Receive TCRD News and Ratings via Email

Sign-up to receive the latest news and ratings for TCRD and its competitors with MarketBeat's FREE daily newsletter.

(Ad)

A devastating technical glitch could crush the next generation of wireless technology before it even launches. With trillions of dollars and millions of jobs at stake, one company with the "5G fix" could put as much as $234,770 in your pocket this year. But Wall Street vultures are circling... you'll need to move quickly or risk missing this $5 bargain.

THL Credit (NASDAQ:TCRD) Frequently Asked Questions

What is THL Credit's stock symbol?

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

How often does THL Credit pay dividends? What is the dividend yield for THL Credit?

THL Credit announced a dividend on Thursday, October 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.21 per share on Tuesday, December 31st. The ex-dividend date of this dividend is Friday, December 13th. View THL Credit's Dividend History.

How were THL Credit's earnings last quarter?

THL Credit, Inc. (NASDAQ:TCRD) issued its quarterly earnings data on Monday, November, 4th. The investment management company reported $0.22 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.01. The investment management company earned $12.79 million during the quarter, compared to analysts' expectations of $13.51 million. THL Credit had a negative net margin of 55.49% and a positive return on equity of 10.76%. View THL Credit's Earnings History.

When is THL Credit's next earnings date?

THL Credit is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for THL Credit.

What price target have analysts set for TCRD?

3 brokers have issued 12-month price targets for THL Credit's shares. Their forecasts range from $7.00 to $7.00. On average, they anticipate THL Credit's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price. View Analyst Price Targets for THL Credit.

What is the consensus analysts' recommendation for THL Credit?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for THL Credit in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for THL Credit.

What are Wall Street analysts saying about THL Credit stock?

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

1. According to Zacks Investment Research, "THL Credit Inc. is a newly-organized, externally-managed, non-diversified closed-end management investment company that has filed an election to be treated as a business development 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 middle market companies. The Company invests primarily in private subordinated debt, or mezzanine debt, in middle market companies that require capital for growth and acquisitions. Such investments in many cases include an associated equity component such as warrants, preferred stock or other similar securities. The Company's investment activities are managed by its investment adviser, THL Credit Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. " (11/9/2019)
2. National Securities analysts commented, "▪ TCRD posted NII/share of $0.21 for 1Q19, two cents short of our estimate but matching the quarterly dividend. There was a one-time cost associated with downsizing the credit facility that impacted earnings by approximately $0.01/share during the quarter.
▪ LAI was placed on non-accrual status during the quarter, bringing non-accruals at cost up to $68.2mm or 12.4% of the portfolio compared to $38.0mm or 7.0% of the portfolio Q/Q. LAI’s total exposure stood at $44.1 by cost with $29.8mm of that on non-accrual status. The company was written down to 54% of cost from 78% the quarter prior. THL extended the company an additional $10mm with the good news being the company is being sold. Given the significant and fast deterioration of the company, we model a sale below 3/31/19 marks that would be NAV-negative upon the completion of the sale and realization of the loss.
▪ As a result of LAI’s $12.8mm of depreciation during the quarter, NAV/share decreased to $8.96 from $9.15 Q/Q. We model NAV/share to decrease further to $8.52 at year-end 2019 before we expect steady improvement to end 2020 at $8.82.
▪ The external manager is waiving incentive fees earned through 2019, which supports the current quarterly dividend of $0.21/share. However, we expect that without these waivers in 2020 that the quarterly dividend will be cut to $0.17/share in 1Q20. The June shareholders meeting will have THL seeking to reduce asset coverage and lower fees further in two separate votes. However, even with a lower base fee and reduced asset coverage we think a dividend cut is inevitable in 2020, unless incentive fees continue to be waived.
▪ We are revising our 2019 NII/share estimate to $0.86 from $0.99 and our 2020 NII/share estimate to $0.75 from $0.86." (5/13/2019)

Has THL Credit been receiving favorable news coverage?

News articles about TCRD stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. THL Credit earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the investment management company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an effect on the stock's share price in the immediate future. View News Stories for THL Credit.

Are investors shorting THL Credit?

THL Credit saw a decline in short interest in December. As of December 31st, there was short interest totalling 81,500 shares, a decline of 34.0% from the December 15th total of 123,500 shares. Based on an average daily volume of 116,600 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are sold short. View THL Credit's Current Options Chain.

Who are some of THL Credit's key competitors?

Some companies that are related to THL Credit include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Northern Trust (NTRS), Ameriprise Financial (AMP), Franklin Resources (BEN), SEI Investments (SEIC), Invesco (IVZ), Ares Capital (ARCC), Eaton Vance (EV), Affiliated Managers Group (AMG), Federated Investors (FII), Legg Mason (LM) and Cohen & Steers (CNS).

What other stocks do shareholders of THL Credit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other THL Credit investors own include ANNALY CAP MGMT/SH (NLY), Energy Transfer LP Unit (ET), Abraxas Petroleum (AXAS), Ares Capital (ARCC), Capitala Finance (CPTA), SandRidge Permian Trust (PER), Cornerstone Strategic Value Fund (CLM), Prospect Capital (PSEC), SunCoke Energy Partners (SXCP) and Cornerstone Total Return Fund (CRF).

Who are THL Credit's key executives?

THL Credit's management team includes the folowing people:

Mr. Christopher J. Flynn, CEO & Director (Age 46)
Mr. Terrence William Olson, Assistant Sec., Treasurer, CFO & COO (Age 52)
Ms. Sabrina Rusnak-Carlson, Gen. Counsel & Chief Compliance Officer
Mr. Howard H. Wu, Co-Head of Direct Lending and Director (Age 40)
Mr. Brian W. Good, Co-Head, Sr. Managing Director and Sr. Portfolio Mngr for Tradable Credit Platform

How do I buy shares of THL Credit?

Shares of TCRD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is THL Credit's stock price today?

One share of TCRD stock can currently be purchased for approximately $6.42.

How big of a company is THL Credit?

THL Credit has a market capitalization of $194.46 million and generates $66.94 million in revenue each year. The investment management company earns $-10,600,000.00 in net income (profit) each year or $1.07 on an earnings per share basis. View Additional Information About THL Credit.

What is THL Credit's official website?

The official website for THL Credit is http://www.thlcredit.com/.

How can I contact THL Credit?

THL Credit's mailing address is 100 FEDERAL STREET 31ST FLOOR, BOSTON MA, 02110. The investment management company can be reached via phone at 800-450-4424 or via email at [email protected]

MarketBeat Community Rating for THL Credit (NASDAQ TCRD)

Community Ranking:		2.1 out of 5 ( )
Outperform Votes:		259 (Vote Outperform)
Underperform Votes:		364 (Vote Underperform)
Total Votes:		623

MarketBeat's community ratings are surveys of what our community members think about THL Credit and other stocks. Vote "Outperform" if you believe TCRD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TCRD will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 1/23/2020 by MarketBeat.com Staff

Your Ultimate Investing Toolkit

Just $1.00 for your first month.