THL Credit, Inc. (NASDAQ:TCRD) has received an average rating of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $10.70.

TCRD has been the topic of a number of research reports. ValuEngine upgraded THL Credit from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Maxim Group restated a “buy” rating and set a $11.50 price objective on shares of THL Credit in a research report on Friday, November 10th. National Securities reduced their price objective on THL Credit from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, November 13th. Keefe, Bruyette & Woods restated a “hold” rating and set a $10.50 price objective on shares of THL Credit in a research report on Monday, October 16th. Finally, BidaskClub upgraded THL Credit from a “strong sell” rating to a “sell” rating in a research report on Monday.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management grew its position in shares of THL Credit by 17.6% in the 4th quarter. LSV Asset Management now owns 685,442 shares of the investment management company’s stock valued at $6,203,000 after buying an additional 102,498 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of THL Credit in the 3rd quarter valued at about $163,000. OxFORD Asset Management LLP grew its position in shares of THL Credit by 7.6% in the 3rd quarter. OxFORD Asset Management LLP now owns 147,823 shares of the investment management company’s stock valued at $1,361,000 after buying an additional 10,381 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of THL Credit by 2.4% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,419,629 shares of the investment management company’s stock valued at $13,245,000 after buying an additional 33,708 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of THL Credit by 11.2% in the 3rd quarter. Legal & General Group Plc now owns 93,569 shares of the investment management company’s stock valued at $873,000 after buying an additional 9,414 shares during the last quarter. Hedge funds and other institutional investors own 43.11% of the company’s stock.

Shares of THL Credit (NASDAQ TCRD) traded down $0.05 during mid-day trading on Friday, reaching $8.64. The company had a trading volume of 23,679 shares, compared to its average volume of 118,032. The company has a market cap of $283.93, a price-to-earnings ratio of 15.52, a P/E/G ratio of 7.64 and a beta of 1.04. THL Credit has a twelve month low of $8.16 and a twelve month high of $10.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.20 and a quick ratio of 0.20.

THL Credit (NASDAQ:TCRD) last issued its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The business had revenue of $20.10 million for the quarter, compared to analyst estimates of $19.74 million. THL Credit had a return on equity of 10.53% and a net margin of 23.15%. THL Credit’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. sell-side analysts anticipate that THL Credit will post 1.25 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for THL Credit (NASDAQ:TCRD)

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