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NASDAQ:TCRDTHL Credit Stock Price, Forecast & News

$3.27
+0.09 (+2.83 %)
(As of 06/5/2020 09:40 AM ET)
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Compare
Today's Range
$3.26
Now: $3.27
$3.30
50-Day Range
$2.69
MA: $3.02
$3.24
52-Week Range
$1.56
Now: $3.27
$7.04
Volume13,537 shs
Average Volume103,753 shs
Market Capitalization$115.43 million
P/E RatioN/A
Dividend Yield26.33%
Beta1.51
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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THL Credit logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.00 out of 5 stars


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$52.49 million
Cash Flow$0.94 per share
Book Value$7.58 per share

Profitability

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

Miscellaneous

EmployeesN/A
Market Cap$115.43 million
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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THL Credit (NASDAQ:TCRD) Frequently Asked Questions

How has THL Credit's stock been impacted by COVID-19 (Coronavirus)?

THL Credit's stock was trading at $3.85 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TCRD shares have decreased by 15.1% and is now trading at $3.27. View which stocks have been most impacted by Coronavirus.

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 Thursday, August 13th 2020. View our earnings forecast for THL Credit.

How were THL Credit's earnings last quarter?

THL Credit, Inc. (NASDAQ:TCRD) released its earnings results on Thursday, May, 7th. The investment management company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by $0.07. The investment management company earned $7.89 million during the quarter, compared to the consensus estimate 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. Shareholders 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 annualized dividend and a dividend yield of 12.23%. The ex-dividend date is Friday, June 12th. View THL Credit's dividend history.

What price target have analysts set for TCRD?

2 brokers have issued 12 month price targets for THL Credit's stock. Their forecasts range from $3.00 to $3.00. On average, they anticipate THL Credit's stock price to reach $3.00 in the next year. This suggests that the stock has a possible downside of 8.3%. View analysts' price targets for THL Credit.

Has THL Credit been receiving favorable news coverage?

Media headlines about TCRD stock have trended very negative on Friday, according to InfoTrie. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. THL Credit earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave headlines about the investment management company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutTHL Credit.

Are investors shorting THL Credit?

THL Credit saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 102,000 shares, a decrease of 50.7% from the April 15th total of 206,900 shares. Based on an average daily volume of 312,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the company's shares 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 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 a variety of institutional and retail investors. Top institutional investors include Fiera Capital Corp (5.49%), Skandinaviska Enskilda Banken AB publ (2.80%), Skandinaviska Enskilda Banken AB publ (2.80%), West Family Investments Inc. (2.80%), Fort Washington Investment Advisors Inc. OH (1.71%) and Virtus ETF Advisers LLC (0.72%). 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 UBS Group AG, Mackenzie Financial Corp, Skandinaviska Enskilda Banken AB publ , Skandinaviska Enskilda Banken AB publ , Two Sigma Investments LP, Virtus ETF Advisers LLC, Squarepoint Ops LLC, and Wells Fargo & Company MN. View insider buying and selling activity 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 Fiera Capital Corp, Fort Washington Investment Advisors Inc. OH, West Family Investments Inc., Morgan Stanley, Advisor Group Holdings Inc., Two Sigma Advisers LP, RiverNorth Capital Management LLC, and Jane Street Group 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 $3.27.

How big of a company is THL Credit?

THL Credit has a market capitalization of $115.43 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 6/5/2020 by MarketBeat.com Staff

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