THL Credit, Inc. (TCRD) Upgraded by ValuEngine to “Buy”
THL Credit, Inc. (NASDAQ:TCRD) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
A number of other equities analysts also recently commented on TCRD. Jefferies Group LLC restated a “hold” rating and issued a $10.00 price objective on shares of THL Credit in a report on Friday, July 14th. TheStreet upgraded THL Credit from a “c+” rating to a “b-” rating in a report on Monday, July 31st. National Securities restated a “buy” rating and issued a $12.00 price objective on shares of THL Credit in a report on Monday, August 7th. Deutsche Bank AG lowered 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, August 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $10.50 target price on shares of THL Credit in a research note on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.90.
THL Credit (NASDAQ TCRD) traded up $0.44 during trading on Friday, hitting $9.45. The stock had a trading volume of 284,875 shares, compared to its average volume of 114,975. The stock has a market cap of $308.42, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 7.88 and a beta of 1.09. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.53. THL Credit has a 52 week low of $8.90 and a 52 week high of $10.60.
THL Credit (NASDAQ:TCRD) last released its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $20.10 million for the quarter, compared to the consensus estimate of $19.74 million. THL Credit had a return on equity of 10.22% and a net margin of 29.81%. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.32 EPS. analysts expect that THL Credit will post 1.15 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. acquired a new stake in THL Credit during the 3rd quarter valued at approximately $104,000. JPMorgan Chase & Co. acquired a new stake in THL Credit during the 2nd quarter valued at approximately $105,000. Cetera Investment Advisers acquired a new stake in THL Credit during the 2nd quarter valued at approximately $136,000. CIBC World Markets Inc. acquired a new stake in THL Credit during the 2nd quarter valued at approximately $150,000. Finally, Crescent Grove Advisors LLC acquired a new stake in THL Credit during the 2nd quarter valued at approximately $318,000. Hedge funds and other institutional investors own 45.42% of the company’s stock.
About THL Credit
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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