THL Credit (NASDAQ:TCRD) released its quarterly earnings results on Wednesday. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02), Fidelity Earnings reports. The company had revenue of $16.08 million during the quarter, compared to analysts’ expectations of $16.63 million. THL Credit had a negative net margin of 8.89% and a positive return on equity of 11.15%.
TCRD traded down $0.14 during trading hours on Friday, hitting $7.25. 269,351 shares of the company’s stock were exchanged, compared to its average volume of 128,192. THL Credit has a 12-month low of $7.17 and a 12-month high of $9.67. The company has a market cap of $249.95 million, a P/E ratio of 5.99 and a beta of 1.07. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.43.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 14.90%. The ex-dividend date of this dividend is Thursday, December 13th. THL Credit’s payout ratio is currently 89.26%.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of THL Credit from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub downgraded shares of THL Credit from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. ValuEngine downgraded shares of THL Credit from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Raymond James reissued an “underperform” rating on shares of THL Credit in a research note on Friday. Finally, National Securities reissued a “neutral” rating and issued a $10.00 price target on shares of THL Credit in a research note on Tuesday, August 14th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $9.85.
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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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