Maxim Group Reiterates Hold Rating for THL Credit (NASDAQ:TCRD)

Maxim Group reaffirmed their hold rating on shares of THL Credit (NASDAQ:TCRD) in a research note published on Wednesday, AnalystRatings.com reports.

Several other equities research analysts have also recently issued reports on TCRD. Zacks Investment Research cut shares of THL Credit from a buy rating to a hold rating and set a $7.75 price target on the stock. in a research note on Saturday, November 2nd. ValuEngine raised shares of THL Credit from a sell rating to a hold rating in a research note on Wednesday, September 4th. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and a consensus price target of $7.38.

THL Credit stock traded up $0.03 during trading hours on Wednesday, reaching $6.89. 55,200 shares of the stock were exchanged, compared to its average volume of 101,300. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.18 and a current ratio of 0.30. The firm’s 50 day moving average is $6.84 and its 200 day moving average is $6.71. THL Credit has a 52-week low of $5.80 and a 52-week high of $7.43. The stock has a market cap of $212.17 million, a P/E ratio of 6.44 and a beta of 1.03.

THL Credit (NASDAQ:TCRD) last posted its earnings results on Monday, November 4th. The investment management company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). THL Credit had a negative net margin of 55.49% and a positive return on equity of 10.76%. The business had revenue of $12.79 million for the quarter, compared to analysts’ expectations of $13.51 million. Equities research analysts expect that THL Credit will post 0.93 EPS for the current fiscal year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Several institutional investors have recently added to or reduced their stakes in the business. Stilwell Value LLC boosted its stake in shares of THL Credit by 15.2% during the 3rd quarter. Stilwell Value LLC now owns 560,639 shares of the investment management company’s stock worth $3,812,000 after purchasing an additional 74,027 shares during the last quarter. Shikiar Asset Management Inc. boosted its stake in shares of THL Credit by 11.3% during the 3rd quarter. Shikiar Asset Management Inc. now owns 204,419 shares of the investment management company’s stock worth $1,390,000 after purchasing an additional 20,819 shares during the last quarter. Gilman Hill Asset Management LLC boosted its stake in shares of THL Credit by 20.0% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 15,000 shares of the investment management company’s stock worth $102,000 after purchasing an additional 2,500 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of THL Credit by 7.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 51,431 shares of the investment management company’s stock worth $342,000 after purchasing an additional 3,575 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its stake in shares of THL Credit by 75.5% during the 2nd quarter. Susquehanna International Group LLP now owns 66,485 shares of the investment management company’s stock worth $441,000 after purchasing an additional 28,600 shares during the last quarter. 48.61% of the stock is currently owned by institutional investors.

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.

Further Reading: Why do earnings reports matter?

Leave a Reply

Your email address will not be published. Required fields are marked *

*