THL Credit (TCRD) Given Daily Media Sentiment Rating of 0.17
News headlines about THL Credit (NASDAQ:TCRD) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. THL Credit earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 46.6755003283547 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern’s scoring:
- THL Credit, Inc. (NASDAQ:TCRD) Sees Heavy Trading Volume with 162K Shares Changing Hands – Highlight Press (highlightpress.com)
- Stock Update: Levels in Review For THL Credit Inc (TCRD) – Bulletin News (orobulletin.com)
- Tale of the Ticker: THL Credit Inc (TCRD) Moves on Volume – Stock Press Daily (stockpressdaily.com)
- National Securities Reiterates Buy Rating for THL Credit, Inc. (TCRD) (americanbankingnews.com)
- THL Credit Inc (TCRD) Price Holds Above Ichimoku Cloud – Evergreen Caller (evergreencaller.com)
Several analysts have recently weighed in on the company. Deutsche Bank AG downgraded THL Credit from a “buy” rating to a “hold” rating and set a $10.50 target price for the company. in a research note on Tuesday. National Securities restated a “buy” rating and set a $12.00 target price on shares of THL Credit in a research note on Monday. TheStreet upgraded THL Credit from a “c+” rating to a “b-” rating in a research note on Monday, July 31st. Jefferies Group LLC restated a “hold” rating and set a $10.00 target price on shares of THL Credit in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $11.00 target price on THL Credit and gave the company a “hold” rating in a research note on Saturday, May 13th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. THL Credit has an average rating of “Hold” and a consensus price target of $10.92.
THL Credit (NASDAQ:TCRD) opened at 9.65 on Wednesday. The company has a 50-day moving average price of $9.97 and a 200-day moving average price of $10.03. THL Credit has a 1-year low of $8.75 and a 1-year high of $10.69.
THL Credit (NASDAQ:TCRD) last posted its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. THL Credit had a net margin of 29.81% and a return on equity of 10.22%. The company had revenue of $20.28 million for the quarter, compared to the consensus estimate of $20.35 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts expect that THL Credit will post $1.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.08 annualized dividend and a dividend yield of 11.19%. THL Credit’s payout ratio is 145.95%.
In related news, CEO Sam W. Tillinghast acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were bought at an average price of $10.01 per share, for a total transaction of $50,050.00. Following the acquisition, the chief executive officer now owns 127,704 shares in the company, valued at approximately $1,278,317.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have bought 6,925 shares of company stock worth $69,056. Insiders own 0.79% of the company’s stock.
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THL Credit Company Profile
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 lower middle market companies.
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