THL Credit, Inc. (NASDAQ:TCRD) declared a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Investors of record on Friday, September 15th will be paid a dividend of 0.27 per share by the investment management company on Friday, September 29th. This represents a $1.08 annualized dividend and a yield of 11.51%. The ex-dividend date of this dividend is Thursday, September 14th.
THL Credit (NASDAQ TCRD) opened at 9.35 on Wednesday. THL Credit has a 52 week low of $8.75 and a 52 week high of $10.60. The company’s 50-day moving average price is $9.64 and its 200 day moving average price is $9.86.
THL Credit (NASDAQ:TCRD) last announced its quarterly earnings data on Thursday, August 3rd. The investment management company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. THL Credit had a return on equity of 10.22% and a net margin of 29.81%. The company had revenue of $20.28 million for the quarter, compared to analyst estimates of $20.35 million. During the same quarter last year, the firm earned $0.35 EPS. THL Credit’s revenue for the quarter was down 1.0% compared to the same quarter last year. Analysts forecast that THL Credit will post $1.14 EPS for the current fiscal year.
Several brokerages recently commented on TCRD. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $10.50 price target on shares of THL Credit in a research note on Wednesday, August 16th. National Securities reaffirmed a “buy” rating and issued a $12.00 price target on shares of THL Credit in a research note on Monday, August 7th. TheStreet raised THL Credit from a “c+” rating to a “b-” rating in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $10.00 price target on shares of THL Credit in a research note on Friday, July 14th. Finally, Deutsche Bank AG lowered THL Credit from a “buy” rating to a “hold” rating and set a $10.50 price target on the stock. in a research note on Tuesday, August 8th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.00.
THL Credit Company Profile
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 lower middle market companies.
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