About THL Credit
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 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
- 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
- Net Margins: 5.92%
- Return on Equity: 11.82%
- Return on Assets: 6.51%
Companies Related to THL Credit:
- Debt-to-Equity Ratio: 0.51%
- Current Ratio: 0.19%
- Quick Ratio: 0.19%
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.