THL Credit (TCRD) Raised to Hold at ValuEngine

THL Credit (NASDAQ:TCRD) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

A number of other equities research analysts also recently weighed in on TCRD. National Securities dropped their price objective on THL Credit from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, March 11th. Raymond James raised THL Credit from an “underperform” rating to a “market perform” rating in a research report on Monday, March 11th. Finally, Zacks Investment Research downgraded THL Credit from a “hold” rating to a “sell” rating in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $8.13.

TCRD stock traded up $0.02 during trading on Tuesday, reaching $6.66. 59,523 shares of the company traded hands, compared to its average volume of 132,540. THL Credit has a 12 month low of $5.80 and a 12 month high of $8.75. The company has a market cap of $210.93 million, a P/E ratio of 6.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, 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, May 9th. The investment management company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). THL Credit had a negative net margin of 15.79% and a positive return on equity of 10.69%. The company had revenue of $14.19 million for the quarter, compared to the consensus estimate of $15.19 million. On average, analysts anticipate that THL Credit will post 1 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP raised its stake in THL Credit by 33.4% in the fourth quarter. Two Sigma Investments LP now owns 227,169 shares of the investment management company’s stock valued at $1,381,000 after buying an additional 56,898 shares during the last quarter. Fiera Capital Corp raised its stake in THL Credit by 66.5% in the fourth quarter. Fiera Capital Corp now owns 1,194,693 shares of the investment management company’s stock valued at $7,264,000 after buying an additional 477,335 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in THL Credit in the fourth quarter valued at about $83,000. West Family Investments Inc. raised its stake in THL Credit by 24.6% in the fourth quarter. West Family Investments Inc. now owns 766,094 shares of the investment management company’s stock valued at $4,658,000 after buying an additional 151,296 shares during the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new stake in THL Credit in the fourth quarter valued at about $128,000. Institutional investors own 36.86% of the company’s stock.

THL Credit Company Profile

THL Credit, Inc is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers.

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

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