NASDAQ:TCRD - THL Credit Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding THL Credit, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $5.79 -0.12 (-2.03 %) (As of 02/28/2020 04:00 PM ET) Add Compare Today's Range$5.68Now: $5.79▼$5.9150-Day Range$5.79MA: $6.49▼$6.8552-Week Range$5.65Now: $5.79▼$7.04Volume163,973 shsAverage Volume110,705 shsMarket Capitalization$175.36 millionP/E RatioN/ADividend Yield14.21%Beta0.95 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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 Stock Exchange NASDAQ Industry Investors, not elsewhere classified Sub-IndustryAsset Management & Custody Banks SectorFinance Current SymbolNASDAQ:TCRD Previous Symbol CUSIP87243810 CIK1464963 Webhttp://www.thlcredit.com/ Phone800-450-4424Debt Debt-to-Equity Ratio0.27 Current Ratio0.30 Quick Ratio0.30Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio6.36 P/E GrowthN/A Sales & Book Value Annual Sales$66.94 million Price / Sales2.62 Cash Flow$0.96 per share Price / Cash Flow6.05 Book Value$9.05 per share Price / Book0.64Profitability EPS (Most Recent Fiscal Year)$1.07 Net Income$-10,600,000.00 Net Margins-55.49% Return on Equity10.76% Return on Assets6.06%Miscellaneous EmployeesN/A Outstanding Shares30,286,000Market Cap$175.36 million Next Earnings Date3/5/2020 (Confirmed) OptionableOptionable Receive TCRD News and Ratings via Email Sign-up to receive the latest news and ratings for TCRD and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:TCRD Rates by TradingView 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. Stockholders 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 quarterly earnings data on Monday, November, 4th. The investment management company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.01. The investment management company had revenue of $12.79 million for the quarter, compared to analyst estimates of $13.51 million. THL Credit had a negative net margin of 55.49% and a positive return on equity of 10.76%. 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 Thursday, March 5th 2020. View Earnings Estimates for THL Credit. How can I listen to THL Credit's earnings call? THL Credit will be holding an earnings conference call on Thursday, March 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available. What price target have analysts set for TCRD? 3 Wall Street analysts have issued 12-month price objectives for THL Credit's stock. Their forecasts range from $7.00 to $7.00. On average, they expect THL Credit's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 20.9% 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. " (1/31/2020) 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? News headlines about TCRD stock have trended extremely negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of 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 -4.6 on InfoTrie's scale. They also gave media coverage 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 impact on the company's share price in the next few days. View News Stories for THL Credit. Are investors shorting THL Credit? THL Credit saw a decrease in short interest in January. As of January 31st, there was short interest totalling 57,900 shares, a decrease of 29.0% from the January 15th total of 81,500 shares. Based on an average daily volume of 121,800 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% 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? Some companies that are related to THL Credit include BlackRock (BLK), Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Eaton Vance (EV), Legg Mason (LM), Affiliated Managers Group (AMG), Cohen & Steers (CNS) and Federated Investors (FII). What other stocks do shareholders of THL Credit own? Based on aggregate information from My MarketBeat watchlists, some companies that other THL Credit investors own include ANNALY CAP MGMT/SH (NLY), Energy Transfer LP Unit (ET), Prospect Capital (PSEC), Ares Capital (ARCC), Abraxas Petroleum (AXAS), NGL Energy Partners (NGL), SandRidge Permian Trust (PER), Cornerstone Strategic Value Fund (CLM), Capitala Finance (CPTA) and Arlington Asset Investment (AI). 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 OfficerMr. 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 variety of of institutional and retail investors. Top institutional investors include Fiera Capital Corp (5.37%), Great West Life Assurance Co. Can (4.74%), LSV Asset Management (3.36%), Stilwell Value LLC (2.17%), Fort Washington Investment Advisors Inc. OH (1.53%) and Athena Capital Advisors LLC (1.27%). 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 Shikiar Asset Management Inc., Advisors Asset Management Inc., Globeflex Capital L P, UBS Group AG, Oxford Asset Management LLP, Personal Resources Investment & Strategic Management Inc., Ladenburg Thalmann Financial Services Inc. and Raymond James Financial Services Advisors Inc.. View Insider Buying and Selling 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 Stilwell Value LLC, LSV Asset Management, Fiera Capital Corp, Bank of America Corp DE, Athena Capital Advisors LLC, Goldman Sachs Group Inc., Trexquant Investment LP and Tower Bridge Advisors. 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 $5.79. How big of a company is THL Credit? THL Credit has a market capitalization of $175.36 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 ( )Outperform Votes: 267 (Vote Outperform)Underperform Votes: 367 (Vote Underperform)Total Votes: 634MarketBeat'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 2/29/2020 by MarketBeat.com StaffFeatured Article: What is the outlook for the FAANG stocks?
