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, August 4th. Stockholders of record on Friday, September 15th will be given a dividend of $0.27 per share on Friday, September 29th. This represents a $1.08 annualized dividend and a dividend yield of 11.83%. The ex-dividend date is Thursday, September 14th. View THL Credit's Dividend History.

THL Credit declared that its board has authorized a stock buyback program on Thursday, April 6th 2017, which allows the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 5.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

THL Credit, Inc. (NASDAQ:TCRD) posted its earnings results on Thursday, August, 3rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $20.28 million for the quarter, compared to the consensus estimate of $20.35 million. THL Credit had a net margin of 29.81% and a return on equity of 10.22%. The company's quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. View THL Credit's Earnings History.

THL Credit is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for THL Credit.

7 brokerages have issued 1 year price objectives for THL Credit's shares. Their forecasts range from $10.00 to $12.00. On average, they expect THL Credit's share price to reach $11.00 in the next twelve months. View Analyst Ratings for THL Credit.

Here are some recent quotes from research analysts about THL Credit stock:

• 1. National Securities analysts commented, "• TCRD reported NII/share of $0.31 versus our estimate of $0.28/share with the beat largely driven by the incentive fee coming in at $1.2 million compared to our estimate of $2.3 million. The incentive fee, subject to a total return hurdle, was not earned in full during the quarter as NAV/share declined Q/Q to $11.48 from $11.71.
  • Non-accruals at amortized cost increased during the quarter to $46.3 million or 6.8% of the portfolio from $13.3 million or 1.9% the quarter prior. Washington Inventory Services was sold during the quarter and thus removed from non-accrual but CRS Reprocessing and Specialty Brands Holdings were added with a combined cost of $36.6 million.
  • THL’s portfolio at fair value was comprised of 74.0% first lien loans and the Logan JV (joint venture) combined, up from 66.6% the quarter prior. We expect that this composition will continue to trend upwards as a percentage of total fair value and lead to fewer credit issues and thus more NAV stability going forward. While the first lien debt increasing will likely weigh on effective yields somewhat, the company can continue allocating capital to Logan (88% first lien as of 6/30/17) which had a 12.7% yield by cost as of 2Q17. Additionally, our expectation for fewer credit issues in 2018 also means less of a drag on overall portfolio yield.
  • We are maintaining our 2017 NII/share estimate of $1.15 and are revising our 2018 NII/share estimate to $1.16 from $1.18." (8/7/2017)
• 2. 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)
• 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 PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC), Medley Capital Corporation (MCC), Gladstone Investment Corporation (GAIN), WhiteHorse Finance (WHF), Solar Senior Capital (SUNS), Fifth Street Senior Floating Rate Corp. (FSFR), Gladstone Capital Corporation (GLAD), Invesco Bond Fund (VBF), Stellus Capital Investment Corporation (SCM), TriplePoint Venture Growth BDC Corp. (TPVG), OFS Capital Corporation (OFS) and Alcentra Capital Corp. (ABDC).

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 variety of of institutional and retail investors. Top institutional shareholders include Great West Life Assurance Co. Can (0.00%), Confluence Investment Management LLC (0.00%), Ares Management LLC (0.00%), Advisors Asset Management Inc. (0.00%), Muzinich & Co. Inc. (0.00%) and West Family Investments 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 sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Advisors Asset Management Inc., Muzinich & Co. Inc., Shikiar Asset Management Inc., West Family Investments Inc., Trexquant Investment LP, PVG Asset Management Corp and B. Riley Financial Inc.. View Insider Buying and Selling for THL Credit.

THL Credit's stock was purchased by a variety of institutional investors in the last quarter, including OxFORD Asset Management LLP, Fort Washington Investment Advisors Inc. OH, LSV Asset Management, Ballentine Partners LLC, Goldman Sachs Group Inc., Arrowstreet Capital Limited Partnership, BB&T Securities LLC and WFG Advisors LP. 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 $9.13.