THL Credit Inc. (NASDAQ:TCRD)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $9.97, but opened at $9.98. THL Credit shares last traded at $10.00, with a volume of 133,010 shares.

TCRD has been the subject of a number of research analyst reports. Citigroup Inc. reduced their target price on shares of THL Credit from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday. National Securities reaffirmed a “neutral” rating and issued a $12.00 target price on shares of THL Credit in a research note on Monday, August 8th. Wells Fargo & Co. lowered shares of THL Credit from an “outperform” rating to a “market perform” rating in a research note on Friday, August 5th. Keefe, Bruyette & Woods downgraded shares of THL Credit from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $12.50 to $11.50 in a research note on Monday, August 8th. Finally, Jefferies Group restated a “hold” rating on shares of THL Credit in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.95.

The stock’s 50 day moving average price is $11.21 and its 200 day moving average price is $10.64.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 13.60%. The ex-dividend date of this dividend is Tuesday, September 13th.

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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