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THL Credit Stock Forecast, Price & News

-0.12 (-4.21 %)
(As of 09/18/2020 12:00 AM ET)
Today's Range
Now: $2.73
50-Day Range
MA: $3.38
52-Week Range
Now: $2.73
Volume149,909 shs
Average Volume202,337 shs
Market Capitalization$96.36 million
P/E RatioN/A
Dividend Yield11.08%
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. The fund does not intend to invest in start-up companies, operationally distressed situations, or companies with speculative business plans. The fund invests primarily in debt securities, including unsecured subordinated or mezzanine debt and second lien secured debt, which may include an associated equity component such as warrants, preferred stock, options to buy minority interest, and other similar securities. Its investments may also include high-yield bonds, private equity investments, securities of public companies that are broadly traded, and securities of non-United States companies. It seeks to invest in outsourced business services, healthcare, financials, retailing, media, and consumer discretionary. The fund may make direct equity investments, including equity investments into or through funds, and also selectively invest in syndicated first lien secured loans, including unitranche investments. It seeks to invest between $10 million and $25 million of capital per transaction in companies with annual revenues ranging from $25 million to $500 million and annual EBITDA between $5 million and $25 million. The fund prefers to be a lead or sole investor in a transaction.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.57 out of 5 stars

Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
Current SymbolNASDAQ:TCRD



Sales & Book Value

Annual Sales$52.49 million
Cash Flow$0.69 per share
Book Value$7.58 per share


Net Income$-24,610,000.00
Net Margins-197.03%


Market Cap$96.36 million
Next Earnings Date11/2/2020 (Estimated)
-0.12 (-4.21 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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THL Credit (NASDAQ:TCRD) Frequently Asked Questions

How has THL Credit's stock price been impacted by Coronavirus?

THL Credit's stock was trading at $3.85 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TCRD shares have decreased by 29.1% and is now trading at $2.73.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of THL Credit?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for THL Credit in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for THL Credit

When is THL Credit's next earnings date?

THL Credit is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for THL Credit

How were THL Credit's earnings last quarter?

THL Credit, Inc. (NASDAQ:TCRD) announced its quarterly earnings data on Thursday, May, 7th. The investment management company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.07. The investment management company had revenue of $7.89 million for the quarter, compared to analyst estimates of $9.72 million. THL Credit had a positive return on equity of 10.28% and a negative net margin of 197.03%.
View THL Credit's earnings history

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

THL Credit declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.10 per share on Tuesday, June 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.65%. The ex-dividend date of this dividend is Friday, June 12th.
View THL Credit's dividend history

What price target have analysts set for TCRD?

2 brokerages have issued twelve-month price targets for THL Credit's shares. Their forecasts range from $3.00 to $3.00. On average, they expect THL Credit's stock price to reach $3.00 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price.
View analysts' price targets for THL Credit

Are investors shorting THL Credit?

THL Credit saw a drop in short interest during the month of August. As of August 14th, there was short interest totaling 117,400 shares, a drop of 33.0% from the July 30th total of 175,200 shares. Based on an average daily trading volume, of 97,200 shares, the short-interest ratio is presently 1.2 days. Currently, 0.4% of the shares of the stock are sold short.
View THL Credit's Short Interest

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 following 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

What is THL Credit's stock symbol?

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

Who are THL Credit's major shareholders?

THL Credit's stock is owned by many different retail and institutional investors. Top institutional investors include Skandinaviska Enskilda Banken AB publ (2.58%), West Family Investments Inc. (2.55%), LSV Asset Management (2.36%), Fort Washington Investment Advisors Inc. OH (1.79%), Fiduciary Trust International LLC (1.18%) and Arnhold LLC (0.90%). Company insiders that own THL Credit stock include Christopher J Flynn, Edmund P Giambastiani Jr, James R Fellows, Jane Musser Nelson, Medhi Mahmud, Sabrina Rusnak-Carlson 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 Virtus ETF Advisers LLC, West Family Investments Inc., Skandinaviska Enskilda Banken AB publ, Advisor Group Holdings Inc., LSV Asset Management, Two Sigma Advisers LP, and California Public Employees Retirement System.
View insider buying and selling activity for THL Credit

Which institutional investors are buying THL Credit stock?

TCRD stock was bought by a variety of institutional investors in the last quarter, including Arnhold LLC, Nicola Wealth Management LTD., Cox Capital Mgt LLC, Yakira Capital Management Inc., Fort Washington Investment Advisors Inc. OH, UBS Group AG, and Fiduciary Trust International 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, Medhi Mahmud, Sabrina Rusnak-Carlson, and Terrence W Olson.
View insider buying and selling activity 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 $2.73.

How big of a company is THL Credit?

THL Credit has a market capitalization of $96.36 million and generates $52.49 million in revenue each year. The investment management company earns $-24,610,000.00 in net income (profit) each year or $0.87 on an earnings per share basis.

What is THL Credit's official website?

The official website for THL Credit is 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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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