Thl Credit, Inc. (TCRD): Christopher J. Flynn , CEO of Thl Credit, Inc. purchased 2,000 shares on May 17, 2016. The Insider buying transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.66 per share for a total value of $21,320.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, James D. Kern (director) purchased 2,000 shares at $10.57 per share price.On May 18, 2016, Terrence W. Olson (CFO) purchased 1,000 shares at $10.63 per share price.Also, On May 12, 2016, Sabrina Rusnak-carlson (General Counsel & Secretary) purchased 1,400 shares at $10.77 per share price.On May 12, 2016, Deborah H Mcaneny (director) purchased 9,500 shares at $10.88 per share price.
Shares of THL Credit (TCRD) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.5 points or -4.71% at $10.12 with 1,92,528 shares getting traded. Post opening the session at $10.6, the shares hit an intraday low of $10 and an intraday high of $10.62 and the price vacillated in this range throughout the day. The company has a market cap of $336,591 M and the number of outstanding shares has been calculated to be 33,26,00,00,000 shares. The 52-week high of THL Credit is $12.7 and the 52-week low is $8.5834.
On May 5, 2016, THL Credit announced a cash dividend of $0.3400. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.
Company has been under the radar of several Street Analysts.THL Credit is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 12.25 from a previous price target of $12.75 . The Rating was issued on May 9, 2016.THL Credit is Upgraded by Wells Fargo to Outperform. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on Apr 4, 2016.THL Credit is Reiterated by Deutsche Bank to Buy while Lowering the Price Target of the company shares to $ 12.50 from a previous price target of $14.50 . The Rating was issued on Mar 15, 2016.THL Credit is Upgraded by Keefe Bruyette to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Feb 19, 2016.
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 middle market companies. The Company is a direct lender to middle-market companies and invests in first lien and second lien loans including through unitranche investments as well as subordinated debt which may include an associated equity component such as warrants preferred stock or similar securities. The Company also makes direct equity investments. The security types in which the Company invests includes First Lien Senior Secured Loans Second Lien Loans Mezzanine Loans Collateralized Loan Obligations (CLO) Residual Interests and THL Credit Logan JV LLC (Logan JV).