THL Credit (TCRD) was 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 . Maxim Group advised their investors in a research report released on May 9, 2016.
Many Wall Street Analysts have commented on THL Credit. THL Credit was Upgraded by Wells Fargo to ” Outperform” on Apr 4, 2016. Shares were Reiterated by Deutsche Bank on Mar 15, 2016 to “Buy” and Lowered the Price Target to $ 12.50 from a previous price target of $14.50 .THL Credit was Upgraded by Keefe Bruyette to ” Outperform” on Feb 19, 2016.
On the company’s financial health, THL Credit reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.35. The company had revenue of $22.57 million for the quarter, compared to analysts expectations of $23.48 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.
THL Credit closed down -0.49 points or -4.44% at $10.55 with 2,86,727 shares getting traded on Friday. Post opening the session at $11.17, the shares hit an intraday low of $10.45 and an intraday high of $11.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 17, 2016, Christopher J. Flynn (CEO) purchased 900 shares at $10.21 per share price. According to the SEC, on Mar 17, 2016, Terrence W. Olson (CFO) purchased 1,000 shares at $10.27 per share price. On Mar 17, 2016, Sabrina Rusnak-carlson (General Counsel & Secretary) purchased 2,400 shares at $10.42 per share price, according to the Form-4 filing with the securities and exchange commission.
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).