THL Credit Company Profile (NASDAQ:TCRD)

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

THL Credit declared a quarterly dividend on Friday, May 5th. Investors of record on Thursday, June 15th will be paid a dividend of $0.27 per share on Friday, June 30th. This represents a $1.08 annualized dividend and a dividend yield of 10.66%. The ex-dividend date is Tuesday, June 13th. View THL Credit's Dividend History.

THL Credit declared that its board has authorized a share repurchase plan on Thursday, April 6th 2017, which allows the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

THL Credit, Inc. (NASDAQ:TCRD) posted its quarterly earnings data on Thursday, May, 4th. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.27 by $0.02. The firm earned $19.80 million during the quarter, compared to analysts' expectations of $20.13 million. THL Credit had a return on equity of 10.49% and a net margin of 27.37%. The company's quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. View THL Credit's Earnings History.

THL Credit is scheduled to release their next quarterly earnings announcement on Thursday, August, 3rd 2017. View Earnings Estimates for THL Credit.

8 analysts have issued 12-month target prices for THL Credit's stock. Their forecasts range from $10.00 to $12.00. On average, they anticipate THL Credit's share price to reach $10.92 in the next year. View Analyst Ratings for THL Credit.

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. " (5/11/2017)
• 2. National Securities analysts commented, "• NII/share beat consensus estimates and our own estimate of $0.27/share by two cents. The investment portfolio at fair value increased to $711.9 million from $694.4 million Q/Q. We expect a very gradual improvement in NII/share through 2018 as the Logan JV (joint venture) continues to ramp and the drag from credit issues abates.
  • Non-accruals as a percentage of amortized cost decreased to 1.9% for the quarter from 2.1% in 4Q16 and 3.1% in 3Q16. While NAV/share was down slightly on the quarter to $11.71 from $11.82, we think that TCRD’s asset quality has turned the corner and we expect NAV/share to trend up from here. With non-accruals muted and only 16% of the portfolio in non-sponsor coupled with increasing first lien exposure, we expect that the bulk of credit issues are likely in the rear-view mirror. Credit issues have been the primary cause for concern at THL and we think with the significant improvements here that the stock should attain a better valuation.
  • While we expect pricing pressure in the market and lower effective yields for the company, we think that TCRD can offset this to an extent as the Logan JV continues to grow and generate low teens returns to THL.
  • We are revising our 2017NII/share estimate to $1.15 from $1.13 and our 2018 NII/share estimate to $1.18 from $1.17." (5/8/2017)
• 3. 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)
• 4. 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 Invesco California Value Municipal Income Trust (VCV), BlackRock Capital Investment Corporation (BKCC), PennantPark Investment Corporation (PNNT), Foresight Solar Fund Ltd (FSFL), PennantPark Floating Rate Capital (PFLT), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), Medley Capital Corporation (MCC), TICC Capital Corp. (TICC), Gladstone Investment Corporation (GAIN), Solar Senior Capital (SUNS), Fifth Street Senior Floating Rate Corp. (FSFR), Gladstone Capital Corporation (GLAD), WhiteHorse Finance (WHF), Invesco Bond Fund (VBF), Stellus Capital Investment Corporation (SCM), TriplePoint Venture Growth BDC Corp. (TPVG) and Capitala Finance Corp. (CPTA).

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 investors include Confluence Investment Management LLC (0.00%) and Kempner Capital 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 bought by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC. Company insiders that have bought THL Credit stock in the last two years include Christopher J Flynn, Deborah H Mcaneny, James D Kern, James R Fellows, Sabrina Rusnak-Carlson, Sam W Tillinghast and Terrence W Olson. 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 $10.13.