THL Credit Downgraded to Market Perform at KBW (TCRD)
A number of other analysts have also recently weighed in on TCRD. Analysts at Deutsche Bank raised their price target on shares of THL Credit from $15.00 to $16.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods downgraded shares of THL Credit from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday. They now have a $15.75 price target on the stock.
Four investment analysts have rated the stock with a buy rating, and two have given a hold rating to the company. The company has an average rating of “overweight” and a consensus target price of $15.69.
Shares of THL Credit traded down 3.59% during mid-day trading on Tuesday, hitting $15.30. THL Credit has a 52 week low of $12.20 and a 52 week high of $16.08. The stock’s 50-day moving average is currently $15.00. The company has a market cap of $402.6 million and a P/E ratio of 12.94.
THL Credit last posted its quarterly earnings results on Monday, March 4th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. During the same quarter in the prior year, the company posted $0.30 earnings per share. On average, analysts predict that THL Credit will post $1.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.32%.
THL Credit, Inc. is a non-diversified, closed-end management investment company. The Company operates as a business development company.
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