THL Credit Company Profile (NASDAQ:TCRD)

About THL Credit

THL Credit logoTHL 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 middle market companies. The Company is a direct lender to middle-market companies and invests in first lien and second lien loans, including through unitranche investments, as well as subordinated debt, which may include an associated equity component, such as warrants, preferred stock or similar securities. The Company also makes direct equity investments. The security types in which the Company invests includes First Lien Senior Secured Loans, Second Lien Loans, Mezzanine Loans, Collateralized Loan Obligations (CLO) Residual Interests and THL Credit Logan JV LLC (Logan JV). Its subsidiaries include THL Credit Holdings, Inc., THL Credit AIM Media Holdings, Inc. and THL Credit YP Holdings, Inc.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Asset Management
  • Sub-Industry: Asset Management & Custody Banks
  • Exchange: NASDAQ
  • Symbol: TCRD
  • CUSIP: 87243810
Key Metrics:
  • Previous Close: $10.40
  • 50 Day Moving Average: $10.35
  • 200 Day Moving Average: $9.99
  • 52-Week Range: $8.75 - $11.84
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 8.67
  • P/E Growth: 1.52
  • Market Cap: $N/A
  • Beta: 0.96
Profitability:
  • Net Margins: 5.92%
  • Return on Equity: 11.82%
  • Return on Assets: 6.51%
Debt:
  • Debt-to-Equity Ratio: 0.51%
  • Current Ratio: 0.19%
  • Quick Ratio: 0.19%
Additional Links:
Companies Related to THL Credit:

Analyst Ratings

Consensus Ratings for THL Credit (NASDAQ:TCRD) (?)
Ratings Breakdown: 7 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.22)
Consensus Price Target: $11.46 (10.18% upside)

Analysts' Ratings History for THL Credit (NASDAQ:TCRD)
Show:
DateFirmActionRatingPrice TargetDetails
11/11/2016National SecuritiesReiterated RatingNeutral$11.00View Rating Details
8/12/2016Jefferies Group LLCReiterated RatingHoldView Rating Details
8/12/2016Citigroup Inc.Lower Price TargetNeutral$11.00 -> $10.00View Rating Details
8/11/2016Deutsche Bank AGLower Price TargetBuy$12.25 -> $12.00View Rating Details
8/8/2016Keefe, Bruyette & WoodsDowngradeOutperform -> Market Perform$12.50 -> $11.50View Rating Details
8/5/2016Wells Fargo & CompanyDowngradeOutperform -> Market PerformView Rating Details
6/17/2016Janney Montgomery ScottInitiated CoverageNeutral$12.00View Rating Details
6/2/2016JMP SecuritiesDowngradeMkt Outperform -> Market PerformView Rating Details
5/9/2016Maxim GroupLower Price TargetBuy$12.75 -> $12.25View Rating Details
2/19/2016BMO Capital MarketsUpgradeMarket Perform -> Outperform$13.88View Rating Details
7/14/2015Raymond James Financial, Inc.Initiated CoverageOutperformView Rating Details
(Data available from 2/20/2015 forward)

Earnings

Earnings History for THL Credit (NASDAQ:TCRD)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/8/2017        
11/9/2016Q3 2016$0.33$0.32$20.47 million$21.60 millionViewListenView Earnings Details
8/4/2016Q2$0.34$0.35$23.06 million$20.50 millionViewN/AView Earnings Details
5/5/2016Q1$0.35$0.40$23.36 million$22.57 millionViewN/AView Earnings Details
3/10/2016Q4$0.35$0.36$23.41 millionViewListenView Earnings Details
11/5/2015Q315$0.35$0.35$23.67 millionViewN/AView Earnings Details
8/6/2015Q215$0.35$0.35$23.50 millionViewN/AView Earnings Details
5/12/2015Q115$0.35$0.35$24.30 million$23.80 millionViewListenView Earnings Details
3/10/2015Q414$0.34$0.37$22.48 million$24.10 millionViewListenView Earnings Details
11/6/2014Q314$0.35$0.35$23.20 million$23.10 millionViewN/AView Earnings Details
8/11/2014Q214$0.34$0.38$22.35 millionViewN/AView Earnings Details
5/12/2014Q114$0.33$0.32$21.26 million$20.90 millionViewN/AView Earnings Details
3/5/2014Q413$0.34$0.27$20.34 million$18.50 millionViewN/AView Earnings Details
11/4/2013Q313$0.33$0.34$19.05 millionViewN/AView Earnings Details
8/6/2013Q2 2013$0.38$0.49$17.72 millionViewN/AView Earnings Details
5/6/2013Q1 2013$0.34$0.28$15.49 millionViewN/AView Earnings Details
3/4/2013Q4 2012$0.32$0.34$14.35 millionViewN/AView Earnings Details
11/6/2012Q312$0.34$0.41$12.47 millionViewN/AView Earnings Details
3/8/2012$0.30$0.30ViewN/AView Earnings Details
11/1/2011$0.26$0.28ViewN/AView Earnings Details
8/1/2011$0.26$0.25ViewN/AView Earnings Details
3/14/2011$0.15$0.15ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for THL Credit (NASDAQ:TCRD)
Current Year EPS Consensus Estimate: $1.37 EPS
Next Year EPS Consensus Estimate: $1.20 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.35$0.36$0.36
Q2 20163$0.32$0.34$0.33
Q3 20162$0.33$0.33$0.33
Q4 20162$0.31$0.33$0.32
Q1 20172$0.31$0.36$0.34
Q2 20172$0.34$0.35$0.35
Q3 20172$0.34$0.36$0.35
Q4 20172$0.34$0.35$0.35
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for THL Credit (NASDAQ:TCRD)
Annual Dividend:$1.08
Dividend Yield:10.38%
Payout Ratio:675.04% (Based on Trailing 12 Months of Earnings)
78.83% (Based on Current Year Consensus EPS Estimate)
90.00% (Based on Next Year Consensus EPS Estimate)

Dividend History for THL Credit (NASDAQ:TCRD)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/10/2016quarterly$0.2711.23%12/13/201612/15/201612/30/2016
8/8/2016quarterly$0.3413.7%9/13/20169/15/20169/30/2016
5/6/2016quarterly$0.3412.89%6/13/20166/15/20166/30/2016
3/10/2016quarterly$0.3413.37%3/17/20163/21/20163/31/2016
11/10/2015quarterly$0.3411.93%12/11/201512/15/201512/31/2015
8/7/2015quarterly$0.3411.26%9/11/20159/15/20159/30/2015
5/12/2015quarterly$0.3411.35%6/11/20156/15/20156/30/2015
3/11/2015quarterly$0.3410.82%3/18/20153/20/20153/31/2015
11/7/2014quarterly$0.3410.65%12/11/201412/15/201412/31/2014
8/11/2014quarterly$0.3410.16%9/11/20149/15/20149/30/2014
5/12/2014quarterly$0.3410.32%6/12/20146/16/20146/30/2014
3/6/2014quarterly$0.349.2%3/13/20143/17/20143/31/2014
11/5/2013quarterly$0.348.34%12/12/201312/16/201312/31/2013
8/7/2013special$0.088.85%9/12/20139/16/20139/30/2013
8/7/2013quarterly$0.348.85%9/12/20139/16/20139/30/2013
5/7/2013quarterly$0.349.05%6/12/20136/14/20136/28/2013
3/5/2013quarterly$0.338.63%3/13/20133/15/20133/29/2013
12/20/2012special$0.0512/27/201212/31/20121/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for THL Credit (NASDAQ:TCRD)
Insider Ownership Percentage: 0.88%
Institutional Ownership Percentage: 43.41%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/5/2016Christopher J FlynnCEOBuy2,500$10.32$25,800.00View SEC Filing  
12/2/2016Sam W. TillinghastCEOBuy5,000$10.34$51,700.00View SEC Filing  
12/2/2016Terrence W. OlsonCFOBuy1,500$10.35$15,525.00View SEC Filing  
5/17/2016Christopher J FlynnCEOBuy2,000$10.66$21,320.00View SEC Filing  
5/16/2016James D KernDirectorBuy2,000$10.57$21,140.00View SEC Filing  
5/16/2016Terrence W OlsonCFOBuy1,000$10.63$10,630.00View SEC Filing  
5/11/2016Deborah H McanenyDirectorBuy9,500$10.88$103,360.00View SEC Filing  
5/11/2016Sabrina Rusnak-CarlsonGeneral CounselBuy1,400$10.77$15,078.00View SEC Filing  
5/10/2016James D KernDirectorBuy2,000$10.43$20,860.00View SEC Filing  
3/15/2016Sabrina Rusnak-CarlsonGeneral CounselBuy2,400$10.42$25,008.00View SEC Filing  
3/15/2016Sam W TillinghastCEOBuy5,000$10.24$51,200.00View SEC Filing  
3/15/2016Terrence W OlsonCFOBuy1,000$10.27$10,270.00View SEC Filing  
12/14/2015Sam W TillinghastCEOBuy7,000$10.17$71,190.00View SEC Filing  
12/14/2015Terrence W OlsonCFOBuy1,000$10.17$10,170.00View SEC Filing  
8/21/2015Christopher J FlynnCEOBuy2,075$12.00$24,900.00View SEC Filing  
8/21/2015Terrence W OlsonCFOBuy2,100$12.02$25,242.00View SEC Filing  
6/11/2015Stephanie Pare SullivanGeneral CounselBuy1,100$12.17$13,387.00View SEC Filing  
6/10/2015Christopher J FlynnCEOBuy1,950$12.45$24,277.50View SEC Filing  
6/10/2015Terrence W OlsonCFOBuy1,650$12.43$20,509.50View SEC Filing  
6/3/2015Wendell Hunter StroppPresidentBuy1,568$12.60$19,756.80View SEC Filing  
3/13/2015Keith W HughesDirectorBuy10,380$12.40$128,712.00View SEC Filing  
3/13/2015Sam W TillinghastCEOBuy3,800$12.36$46,968.00View SEC Filing  
3/13/2015Terrence W OlsonCFOBuy2,000$12.32$24,640.00View SEC Filing  
12/15/2014Christopher J FlynnCEOBuy2,950$11.72$34,574.00View SEC Filing  
12/12/2014John A SommersDirectorBuy2,000$11.78$23,560.00View SEC Filing  
12/8/2014John A SommersDirectorBuy2,000$12.68$25,360.00View SEC Filing  
12/8/2014Stephanie Pare SullivanGeneral CounselBuy1,000$12.55$12,550.00View SEC Filing  
12/5/2014Christopher J FlynnCEOBuy1,150$12.88$14,812.00View SEC Filing  
12/4/2014Terrence W OlsonCFOBuy1,525$13.10$19,977.50View SEC Filing  
8/28/2014Christopher J FlynnCEOBuy5,500$14.00$77,000.00View SEC Filing  
8/27/2014Terrence W OlsonCFOBuy2,000$13.94$27,880.00View SEC Filing  
5/16/2014James HuntPortfolio ManagerBuy3,000$12.91$38,730.00View SEC Filing  
5/15/2014John SommersDirectorBuy2,000$12.87$25,740.00View SEC Filing  
3/14/2014John SommersDirectorBuy2,000$14.06$28,120.00View SEC Filing  
3/12/2014David DownesDirectorBuy13,900$14.39$200,021.00View SEC Filing  
3/11/2014John SommersDirectorBuy2,000$14.37$28,740.00View SEC Filing  
8/23/2013Wendell Hunter StroppPortfolio ManagerBuy2,150$15.39$33,088.50View SEC Filing  
8/20/2013Terrence OlsonCFOBuy1,800$15.26$27,468.00View SEC Filing  
5/24/2013Keith W HughesDirectorBuy6,000$15.38$92,280.00View SEC Filing  
5/23/2013James K HuntPortfolio ManagerBuy5,000$15.25$76,250.00View SEC Filing  
5/21/2013Terrence W OlsonCFOBuy1,000$15.54$15,540.00View SEC Filing  
3/13/2013Keith W HughesDirectorBuy10,000$15.34$153,400.00View SEC Filing  
3/13/2013Terrence W OlsonCFOBuy2,000$15.28$30,560.00View SEC Filing  
12/7/2012Wendell Hunter StroppPortfolio ManagerBuy1,160$14.34$16,634.40View SEC Filing  
11/27/2012Terrence W OlsonCFOBuy1,000$14.23$14,230.00View SEC Filing  
11/13/2012John A SommersDirectorBuy1,500$13.97$20,955.00View SEC Filing  
8/29/2012John A SommersDirectorBuy1,000$13.93$13,930.00View SEC Filing  
8/20/2012John A SommersDirectorBuy1,000$13.70$13,700.00View SEC Filing  
8/8/2012Wendell Hunter StroppPortfolio ManagerBuy1,800$13.65$24,570.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for THL Credit (NASDAQ:TCRD)
DateHeadline
seekingalpha.com logoFredrik Followers Find Favorite Fund & Equity Dogs Faring Well For February (NASDAQ:TCRD)
seekingalpha.com - February 19 at 8:38 AM
investornewswire.com logoSales Estimates Of THL Credit, Inc. (NASDAQ:TCRD) At $94.11 - Investor Newswire (NASDAQ:TCRD)
www.investornewswire.com - February 18 at 7:10 PM
News IconSell-side is Weighing in on THL Credit, Inc. (NASDAQ:TCRD) Earnings & Targets - Aiken Advocate (NASDAQ:TCRD)
aikenadvocate.com - February 18 at 7:10 PM
globenewswire.com logoTHL Credit Announces Executive Appointments and New Hires - GlobeNewswire (press release) (NASDAQ:TCRD)
globenewswire.com - February 15 at 6:26 AM
finance.yahoo.com logoTHL Credit Announces Executive Appointments and New Hires (NASDAQ:TCRD)
finance.yahoo.com - February 15 at 6:26 AM
globenewswire.com logoTHL Credit Schedules Fourth Quarter and Fiscal Year 2016 Earnings Release and Conference Call - GlobeNewswire (press release) (NASDAQ:TCRD)
globenewswire.com - February 4 at 3:47 AM
uk.finance.yahoo.com logoTriple A spreads fall on Octagon's CLO to offset loan repricing wave (NASDAQ:TCRD)
uk.finance.yahoo.com - February 4 at 3:47 AM
feeds.benzinga.com logoTHL Credit Schedules Fourth Quarter and Fiscal Year 2016 Earnings Release and Conference Call (NASDAQ:TCRD)
feeds.benzinga.com - February 3 at 2:48 PM
News IconEarnings Parade Rolls On, What Are Analysts Saying About THL Credit, Inc. (NASDAQ:TCRD)? - Wall Street Beacon (NASDAQ:TCRD)
wsbeacon.com - February 1 at 6:50 AM
News IconEarnings in Full Force, Analysts Take Aim at THL Credit, Inc. (NASDAQ:TCRD) - Wall Street Beacon (NASDAQ:TCRD)
wsbeacon.com - January 25 at 6:25 AM
News IconDividend Darling With Consensus Upside? Look No Further Than THL Credit, Inc. (NASDAQ:TCRD) - Aiken Advocate (NASDAQ:TCRD)
aikenadvocate.com - January 17 at 11:15 PM
News IconWill The Needle Move For THL Credit, Inc. (NASDAQ:TCRD) Shares This Earnings Season? - Wall Street Beacon (NASDAQ:TCRD)
wsbeacon.com - January 17 at 11:15 PM
News IconMuzinich buys $4661142 stake in THL Credit (TCRD) - Highland Mirror (NASDAQ:TCRD)
www.highlandmirror.com - January 13 at 4:36 PM
investornewswire.com logoSentiments And Ratings Alert: THL Credit, Inc. (NASDAQ:TCRD) - Investor Newswire (NASDAQ:TCRD)
www.investornewswire.com - January 11 at 5:47 AM
investornewswire.com logoPer-Share Earnings Of THL Credit, Inc. (NASDAQ:TCRD) At $0.32 - Investor Newswire (NASDAQ:TCRD)
www.investornewswire.com - January 1 at 11:17 PM
News IconADX, MA, and RSI in Focus for THL Credit Inc. (TCRD) - Yankee Analysts (NASDAQ:TCRD)
yankeeanalysts.com - December 20 at 8:14 PM
insidermonkey.com logoHere is What Hedge Funds Think About THL Credit, Inc. (TCRD) - Insider Monkey (blog) (NASDAQ:TCRD)
www.insidermonkey.com - December 20 at 8:14 PM
News IconHere is What Hedge Funds Think About THL Credit, Inc. (TCRD) (NASDAQ:TCRD)
feedproxy.google.com - December 20 at 4:39 PM
seekingalpha.com logoInvesting In High-Yield BDCs And Why Timing Matters: Part 2 (NASDAQ:TCRD)
seekingalpha.com - December 16 at 5:33 AM
News IconCalibrating the Trade: Watching Technicals on Shares of THL Credit Inc. (TCRD) - Yankee Analysts (NASDAQ:TCRD)
yankeeanalysts.com - December 14 at 3:25 PM
streetinsider.com logoTHL Credit Senior Loan Fund Declares Monthly Distribution of $0.105 Per Share (NASDAQ:TCRD)
www.streetinsider.com - December 9 at 10:06 AM
biz.yahoo.com logoTHL CREDIT, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NASDAQ:TCRD)
biz.yahoo.com - December 6 at 8:12 AM
News IconTHL Credit Announces Appointment of Admiral Edmund P Giambastiani Jr to its Board of Directors - EconoTimes (NASDAQ:TCRD)
www.econotimes.com - December 3 at 9:28 AM
marketexclusive.com logoTHL Credit, Inc. (NASDAQ:TCRD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors ... - Market Exclusive (NASDAQ:TCRD)
marketexclusive.com - December 3 at 9:28 AM
globenewswire.com logoTHL Credit Announces Appointment of Admiral Edmund P. Giambastiani, Jr. to its Board of Directors - GlobeNewswire (press release) (NASDAQ:TCRD)
globenewswire.com - December 2 at 3:18 PM
finance.yahoo.com logoTHL Credit Announces Appointment of Admiral Edmund P. Giambastiani, Jr. to its Board of Directors (NASDAQ:TCRD)
finance.yahoo.com - December 2 at 3:18 PM
investornewswire.com logoTHL Credit, Inc. (NASDAQ:TCRD) EPS At $0.32 - Investor Newswire (NASDAQ:TCRD)
www.investornewswire.com - November 21 at 8:20 PM
News IconTrading Watch: ADX and CCI Review for THL Credit Inc. (TCRD) - Yankee Analysts (NASDAQ:TCRD)
yankeeanalysts.com - November 18 at 7:26 PM
finance.yahoo.com logoTHL CREDIT, INC. Financials (NASDAQ:TCRD)
finance.yahoo.com - November 17 at 7:30 PM
4-traders.com logoTHL Credit : Announces Public Offering of Additional 6.75% Notes due 2022 (NASDAQ:TCRD)
www.4-traders.com - November 17 at 12:15 PM
globenewswire.com logoTHL Credit Announces Public Offering of Additional 6.75% Notes due 2022 - GlobeNewswire (press release) (NASDAQ:TCRD)
globenewswire.com - November 16 at 8:03 PM
News IconInside Track: Trading Focus on Shares of THL Credit Inc. (TCRD) - MicroCap Wired (NASDAQ:TCRD)
www.microcapwired.com - November 16 at 8:03 PM
finance.yahoo.com logoTHL Credit Announces Public Offering of Additional 6.75% Notes due 2022 (NASDAQ:TCRD)
finance.yahoo.com - November 16 at 8:03 PM
finance.yahoo.com logo5:56 pm THL Credit announces public offering of additional 6.75% Notes due 2022 (NASDAQ:TCRD)
finance.yahoo.com - November 16 at 8:03 PM
News IconCCI, MA, and RSI in Focus for THL Credit Inc. (TCRD) - Yankee Analysts (NASDAQ:TCRD)
yankeeanalysts.com - November 14 at 8:00 PM
News IconTHL Credit meets 3Q profit forecasts - Yahoo Sports (NASDAQ:TCRD)
sports.yahoo.com - November 11 at 7:32 PM
News IconTrading Scope: Following Levels on Shares of THL Credit Inc. (TCRD) - MicroCap Wired (NASDAQ:TCRD)
www.microcapwired.com - November 11 at 7:32 PM
News IconRelative Strength Index Review on Shares of THL Credit Inc. (TCRD) - Yankee Analysts (NASDAQ:TCRD)
yankeeanalysts.com - November 10 at 11:21 AM
einnews.com logoTHL Credit Reports Third Quarter 2016 Financial Results and Announces Adjustment of Quarterly Dividend to $0.27 Per Share (NASDAQ:TCRD)
world.einnews.com - November 9 at 7:52 PM
streetinsider.com logoTHL Credit (TCRD) Misses Q3 EPS by 1c (NASDAQ:TCRD)
www.streetinsider.com - November 9 at 7:52 PM
sg.finance.yahoo.com logoTHL Credit meets 3Q profit forecasts (NASDAQ:TCRD)
sg.finance.yahoo.com - November 9 at 7:52 PM
biz.yahoo.com logoQ3 2016 THL Credit Inc Earnings Release - After Market Close (NASDAQ:TCRD)
biz.yahoo.com - November 9 at 10:42 AM
News IconWatching Technical Positions on THL Credit Inc. (TCRD) - MicroCap Wired (NASDAQ:TCRD)
www.microcapwired.com - November 8 at 7:45 PM
News IconTracking Williams %R for THL Credit Inc. (TCRD) - Yankee Analysts (NASDAQ:TCRD)
yankeeanalysts.com - November 7 at 8:46 PM
News IconAnalyst Consensus Estimates & Projections are in For Shares of THL Credit, Inc. (NASDAQ:TCRD) - CSZ News (NASDAQ:TCRD)
cincysportszone.com - November 6 at 8:19 PM
businesswire.com logoTHL Credit Senior Loan Fund Declares Monthly Distribution of $0.105 Per Share and Announces Investor Call - Business Wire (press release) (NASDAQ:TCRD)
www.businesswire.com - November 3 at 7:50 PM
globenewswire.com logoTHL Credit Raises $656 Million Collateralized Loan Obligation - GlobeNewswire (press release) (NASDAQ:TCRD)
globenewswire.com - November 2 at 8:14 PM
finance.yahoo.com logoTHL Credit Raises $656 Million Collateralized Loan Obligation (NASDAQ:TCRD)
finance.yahoo.com - November 1 at 8:00 PM
News IconStock Update: Estimates & Target in Focus for THL Credit, Inc. (NASDAQ:TCRD) - CSZ News (NASDAQ:TCRD)
cincysportszone.com - October 29 at 7:14 PM
4-traders.com logoBUYINS.NET: TCRD Is Seasonally Ripe To Go Up In the Next Five Weeks (NASDAQ:TCRD)
www.4-traders.com - October 27 at 12:47 PM

Social

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 quarterly dividend on Thursday, November 10th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.27 per share on Friday, December 30th. This represents a $1.08 annualized dividend and a yield of 10.38%. The ex-dividend date of this dividend is Tuesday, December 13th.

Where is THL Credit's stock going? Where will THL Credit's stock price be in 2017?

9 analysts have issued 12 month price targets for THL Credit's stock. Their forecasts range from $10.00 to $12.25. On average, they expect THL Credit's stock price to reach $11.46 in the next year.

When will THL Credit announce their earnings?

THL Credit is scheduled to release their next quarterly earnings announcement on Wednesday, March, 8th 2017.

What are analysts saying about THL Credit stock?

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

  • National Securities analysts commented, "3Q16 Recap: THL Credit (TCRD) reported NII/share of $0.32 for 3Q16, falling a penny short of consensus and our own estimate of $0.33/share. Non-accruals as a percentage of amortized cost decreased Q/Q to 3.1% from 7.6% the quarter prior. The company’s previous unrealized depreciation shifted into realized losses pertaining to the restructuring of Tri Starr. THL experienced unrealized appreciation of $24.7 million and realized losses of $25.0 million. NAV/share stabilized, decreasing 4 cents per share Q/Q to $11.84. We expect NAV/share to continue to improve from less problem assets going forward due to the greater focus on sponsored investments and first lien assets. This shift in investment type will likely weigh on NIM (net investment margin) and effective yields through the remainder of 2016 and 2017. As a result of the likely spread compression the quarterly dividend was reduced 21% Q/Q to $0.27/share from $0.34/share previously – we had forecasted a reduction to $0.31/share in 1Q17. We are adjusting our 2016 NII/share estimate from $1.42 to $1.36 and our 2017 NII/share estimate from $1.31 to $1.17. We are maintaining our NEUTRAL rating and $11 price target. Our $11 price target implies an estimated 2017 Price/Net Investment Income (P/NII) of 9.4x, dividend yield of 9.8%, and Price/Net Asset Value (P/NAV) of 0.90x compared to the BDC sector averages of 9.6x, 10.0%, and 0.87x, respectively. " (11/11/2016)

  • 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. " (10/11/2016)

  • Keefe, Bruyette & Woods analysts commented, "Credit quality deteriorated which reduced book value and pressured earnings. The combination of weaker credit quality and lower portfolio yields as TCRD moves into more secure loans has pressured earnings to the point where we believe a dividend cut is warranted and will occur," analyst Ryan Lynch wrote in a note."We believe TCRD's ability to cover the dividend will become challenged once their portfolio value stabilizes and TCRD's incentive fee turns back on. We estimate TCRD's earnings will be $1.25 versus the $1.36 dividend, when incentive fees return. As such, we believe a dividend cut is in TCRD's future," (8/8/2016)

Who owns THL Credit stock?

THL Credit's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include West Family Investments Inc. (0.00%), Guggenheim Capital LLC (0.00%), Two Sigma Investments LP (0.00%), Van ECK Associates Corp (0.56%), Advisory Research Inc. (0.00%) and Private Advisor Group LLC (0.15%). Company insiders that own THL Credit stock include Christopher J Flynn, Deborah H Mcaneny, James D Kern, Keith W Hughes, Sabrina Rusnak-Carlson, Sam W Tillinghast, Stephanie Pare Sullivan, Terrence W Olson and Wendell Hunter Stropp.

Who bought THL Credit stock? Who is buying THL Credit stock?

THL Credit's stock was acquired by a variety of institutional investors in the last quarter, including West Family Investments Inc., Guggenheim Capital LLC, Advisory Research Inc., Shelton Capital Management, Russell Investments Group Ltd., Van ECK Associates Corp, Two Sigma Investments LP and GSA Capital Partners LLP. Company insiders that have bought THL Credit stock in the last two years include Christopher J Flynn, Deborah H Mcaneny, James D Kern, Keith W Hughes, Sabrina Rusnak-Carlson, Sam W Tillinghast, Stephanie Pare Sullivan, Terrence W Olson and Wendell Hunter Stropp.

How do I buy THL Credit stock?

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.

How much does a share of THL Credit stock cost?

One share of THL Credit stock can currently be purchased for approximately $10.40.

THL Credit (NASDAQ:TCRD) Chart for Monday, February, 20, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for THL Credit (NASDAQ:TCRD)

Earnings History Chart

Earnings by Quarter for THL Credit (NASDAQ:TCRD)

Dividend History Chart

Dividend Payments by Quarter for THL Credit (NASDAQ:TCRD)

Last Updated on 2/20/2017 by MarketBeat.com Staff