Somewhat Favorable News Coverage Somewhat Unlikely to Affect THL Credit (TCRD) Share Price
Media coverage about THL Credit (NASDAQ:TCRD) has trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing 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 0.14 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 47.1544274879697 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Chris Flynn Named Sole CEO of THL Credit – GlobeNewswire (press release) (globenewswire.com)
- BRIEF-Chris Flynn Named Sole CEO Of THL Credit (reuters.com)
- THL Credit : Chris Flynn Named Sole CEO of THL Credit (4-traders.com)
- Gladstone Capital (GLAD) versus THL Credit (TCRD) Head to Head Review (americanbankingnews.com)
THL Credit (TCRD) opened at $9.44 on Thursday. The company has a market cap of $309.09, a PE ratio of 7.88, a P/E/G ratio of 7.66 and a beta of 1.09. THL Credit has a 12 month low of $8.90 and a 12 month high of $10.60. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.50.
THL Credit (NASDAQ:TCRD) last posted its quarterly earnings results on Thursday, November 9th. The investment management company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 net margin of 23.15% and a return on equity of 10.53%. The firm’s revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. analysts forecast that THL Credit will post 1.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 11.44%. The ex-dividend date is Thursday, December 14th. THL Credit’s dividend payout ratio is presently 192.86%.
Several equities research analysts have recently issued reports on TCRD shares. TheStreet lowered shares of THL Credit from a “b-” rating to a “c+” rating in a report on Monday, October 9th. National Securities lowered their target price on shares of THL Credit from $12.00 to $11.00 and set a “buy” rating for the company in a report on Monday, November 13th. Maxim Group restated a “buy” rating and issued a $11.50 target price on shares of THL Credit in a report on Friday, November 10th. Deutsche Bank lowered shares of THL Credit from a “buy” rating to a “hold” rating and set a $10.50 target price for the company. in a report on Tuesday, August 8th. Finally, ValuEngine upgraded shares of THL Credit from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $10.70.
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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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