THL Credit (NASDAQ:TCRD) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, February 4th.
A number of other equities analysts have also weighed in on the stock. Raymond James reaffirmed an “underperform” rating on shares of THL Credit in a research note on Friday, November 9th. National Securities reduced their target price on shares of THL Credit from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, November 14th. Zacks Investment Research lowered shares of THL Credit from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, BidaskClub lowered shares of THL Credit from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $9.19.
NASDAQ TCRD traded down $0.08 on Monday, reaching $6.86. The company had a trading volume of 190,675 shares, compared to its average volume of 103,073. The firm has a market cap of $241.79 million, a PE ratio of 5.67 and a beta of 1.14. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.34. THL Credit has a 1-year low of $5.80 and a 1-year high of $8.75.
Several institutional investors have recently bought and sold shares of TCRD. Fiera Capital Corp boosted its stake in shares of THL Credit by 66.5% during the 4th quarter. Fiera Capital Corp now owns 1,194,693 shares of the investment management company’s stock worth $7,264,000 after buying an additional 477,335 shares during the last quarter. Freestone Capital Holdings LLC acquired a new position in shares of THL Credit during the 3rd quarter worth about $2,420,000. LSV Asset Management boosted its stake in shares of THL Credit by 26.3% during the 4th quarter. LSV Asset Management now owns 956,604 shares of the investment management company’s stock worth $5,816,000 after buying an additional 199,223 shares during the last quarter. West Family Investments Inc. boosted its stake in shares of THL Credit by 24.6% during the 4th quarter. West Family Investments Inc. now owns 766,094 shares of the investment management company’s stock worth $4,658,000 after buying an additional 151,296 shares during the last quarter. Finally, Cliffwater LLC boosted its stake in shares of THL Credit by 94.0% during the 3rd quarter. Cliffwater LLC now owns 282,074 shares of the investment management company’s stock worth $2,276,000 after buying an additional 136,650 shares during the last quarter. Institutional investors own 39.36% 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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