Thl Credit (NASDAQ:TCRD) Cut to “Hold” at ValuEngine

Thl Credit (NASDAQ:TCRD) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, April 2nd.

Several other analysts also recently commented on the stock. National Securities downgraded shares of Thl Credit from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $11.00 to $10.00 in a report on Thursday, March 8th. Maxim Group downgraded shares of Thl Credit from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. Zacks Investment Research upgraded shares of Thl Credit from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a report on Wednesday, March 14th. BidaskClub upgraded shares of Thl Credit from a “strong sell” rating to a “sell” rating in a report on Saturday, March 24th. Finally, Keefe, Bruyette & Woods set a $9.00 price objective on shares of Thl Credit and gave the company a “hold” rating in a report on Wednesday, March 7th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.88.

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NASDAQ:TCRD traded up $0.01 during mid-day trading on Monday, reaching $7.88. 180,319 shares of the company were exchanged, compared to its average volume of 142,643. The firm has a market cap of $258.77, a P/E ratio of 6.50, a P/E/G ratio of 6.82 and a beta of 1.04. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.49. Thl Credit has a 12 month low of $7.72 and a 12 month high of $10.25.



Thl Credit (NASDAQ:TCRD) last issued its earnings results on Tuesday, March 6th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.04). Thl Credit had a negative net margin of 10.04% and a positive return on equity of 10.74%. The business had revenue of $18.58 million during the quarter, compared to the consensus estimate of $19.58 million. equities analysts predict that Thl Credit will post 1.16 earnings per share for the current fiscal year.

In other Thl Credit news, CEO Sam W. Tillinghast sold 37,339 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $8.28, for a total transaction of $309,166.92. Following the completion of the transaction, the chief executive officer now owns 90,365 shares of the company’s stock, valued at $748,222.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James R. Fellows bought 15,000 shares of the stock in a transaction on Monday, March 12th. The shares were acquired at an average cost of $8.29 per share, with a total value of $124,350.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 17,751 shares of company stock valued at $146,951. Company insiders own 9.39% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Thl Credit by 4.2% in the fourth quarter. BlackRock Inc. now owns 199,397 shares of the investment management company’s stock valued at $1,805,000 after buying an additional 8,099 shares during the period. Legal & General Group Plc increased its stake in shares of Thl Credit by 11.2% in the third 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 period. OxFORD Asset Management LLP increased its stake in shares of Thl Credit by 7.6% in the third 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 period. West Family Investments Inc. increased its stake in shares of Thl Credit by 1.8% in the fourth quarter. West Family Investments Inc. now owns 623,713 shares of the investment management company’s stock valued at $5,657,000 after buying an additional 11,000 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in shares of Thl Credit in the third quarter valued at approximately $104,000. 44.94% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Thl Credit (NASDAQ:TCRD)

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