THL Credit Inc. (NASDAQ:TCRD) fell 3.2% on Friday . The stock traded as low as $11.37 and last traded at $11.40, with a volume of 146,512 shares changing hands. The stock had previously closed at $11.78.

Several brokerages have recently weighed in on TCRD. JMP Securities cut THL Credit from a “mkt outperform” rating to a “market perform” rating in a research report on Thursday, June 2nd. National Securities reiterated a “neutral” rating and set a $12.00 price target on shares of THL Credit in a research report on Monday, May 9th. TheStreet upgraded THL Credit from a “hold” rating to a “buy” rating in a research report on Monday, July 11th. Maxim Group decreased their price target on THL Credit from $12.75 to $12.25 and set a “buy” rating on the stock in a research report on Monday, May 9th. Finally, Wells Fargo & Co. upgraded THL Credit from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 12th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.45.

The company has a 50-day moving average of $11.37 and a 200 day moving average of $10.60.

THL Credit (NASDAQ:TCRD) last announced its earnings results on Thursday, August 4th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. During the same period in the previous year, the business posted $0.35 earnings per share. The firm earned $20.50 million during the quarter, compared to analysts’ expectations of $23.06 million. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. On average, equities research analysts expect that THL Credit Inc. will post $1.42 EPS for the current fiscal year.

In other news, Director Deborah H. Mcaneny bought 9,500 shares of the company’s stock in a transaction on Wednesday, May 11th. The shares were acquired at an average cost of $10.88 per share, with a total value of $103,360.00. Following the completion of the transaction, the director now owns 9,500 shares of the company’s stock, valued at approximately $103,360. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

THL Credit, Inc is an externally managed, non-diversified closed-end management investment 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.

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