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

$6.64
-0.22 (-3.21 %)
(As of 12/13/2019 10:19 AM ET)
Today's Range
$6.64
Now: $6.64
$6.69
50-Day Range
$6.70
MA: $6.84
$6.98
52-Week Range
$5.80
Now: $6.64
$7.43
Volume1,058 shs
Average Volume56,817 shs
Market Capitalization$201.13 million
P/E Ratio6.21
Dividend Yield12.24%
Beta1.01
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

Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:TCRD
CUSIP87243810
Phone800-450-4424

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$66.94 million
Cash Flow$1.00 per share
Book Value$9.05 per share

Profitability

Net Income$-10,600,000.00

Miscellaneous

EmployeesN/A
Market Cap$201.13 million
Next Earnings Date3/4/2020 (Estimated)
OptionableOptionable

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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. Investors of record on Monday, December 16th will be paid 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) released its earnings results on Monday, November, 4th. The investment management company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.01. The investment management company earned $12.79 million during the quarter, compared to analyst estimates of $13.51 million. THL Credit had a positive return on equity of 10.76% and a negative net margin of 55.49%. 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 analysts have issued twelve-month price targets for THL Credit's stock. Their forecasts range from $7.00 to $7.00. On average, they expect THL Credit's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 5.4% 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?

Headlines about TCRD stock have been trending somewhat positive on Friday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 0.8 on InfoTrie's scale. They also assigned media headlines about the investment management company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for THL Credit.

Are investors shorting THL Credit?

THL Credit saw a increase in short interest during the month of November. As of November 29th, there was short interest totalling 91,200 shares, an increase of 8.1% from the November 14th total of 84,400 shares. Based on an average daily volume of 71,700 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the shares of the company are short sold. View THL Credit's Current Options Chain.

Who are some of THL Credit's key competitors?

What other stocks do shareholders of THL Credit own?

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

Who are THL Credit's major shareholders?

THL Credit's stock is owned by a number of of retail and institutional investors. Top institutional investors include Great West Life Assurance Co. Can (4.59%), Stilwell Value LLC (1.80%), Shikiar Asset Management Inc. (0.66%), Squarepoint Ops LLC (0.12%), Sound Income Strategies LLC (0.05%) and Gilman Hill Asset Management LLC (0.05%). Company insiders that own THL Credit stock include Christopher J Flynn, Edmund P Giambastiani Jr, James R Fellows, Jane Musser Nelson, Sabrina Rusnak-Carlson, Sam W Tillinghast and Terrence W Olson. View Institutional Ownership Trends for THL Credit.

Which institutional investors are selling THL Credit stock?

TCRD stock was sold by a variety of institutional investors in the last quarter, including Squarepoint Ops LLC, Great West Life Assurance Co. Can and Sound Income Strategies LLC. View Insider Buying and Selling for THL Credit.

Which institutional investors are buying THL Credit stock?

TCRD stock was purchased by a variety of institutional investors in the last quarter, including Stilwell Value LLC, Shikiar Asset Management Inc. and Gilman Hill Asset Management LLC. Company insiders that have bought THL Credit stock in the last two years include Christopher J Flynn, Edmund P Giambastiani Jr, James R Fellows, Jane Musser Nelson, Sabrina Rusnak-Carlson and Terrence W Olson. View Insider Buying and Selling for THL Credit.

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 $6.64.

How big of a company is THL Credit?

THL Credit has a market capitalization of $201.13 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 (star star)
Outperform Votes:  253 (Vote Outperform)
Underperform Votes:  360 (Vote Underperform)
Total Votes:  613
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 12/13/2019 by MarketBeat.com Staff

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