Thl Credit, Inc. (TCRD): Sabrina Rusnak-carlson , General Counsel & Secretary of Thl Credit, Inc. purchased 1,400 shares on May 11, 2016. The Insider buying transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.77 per share for a total value of $15,078.00 , 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 12, 2016, Deborah H Mcaneny (director) purchased 9,500 shares at $10.88 per share price.On May 11, 2016, James D. Kern (director) purchased 2,000 shares at $10.43 per share price.Also, On May 11, 2016, Keith W Hughes (director) sold 20,000 shares at $10.31 per share price.On Mar 17, 2016, Christopher J. Flynn (CEO) purchased 900 shares at $10.21 per share price.
THL Credit: On Tuesday, May 10, 2016 heightened volatility was witnessed in THL Credit which led to swings in the share price. The shares opened for trading at $10.23 and hit $10.5 on the upside , eventually ending the session at $10.45, with a gain of 1.75% or 0.18 points. The heightened volatility saw the trading volume jump to 1,38,323 shares. The 52-week high of the share price is $12.7 and the company has a market cap of $348 M . The 52-week low of the share price is at $8.5834.
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).