THL Credit (NASDAQ:TCRD) Stock Passes Above 200-Day Moving Average of $6.71

Share on StockTwits

Shares of THL Credit, Inc. (NASDAQ:TCRD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.71 and traded as high as $6.76. THL Credit shares last traded at $6.74, with a volume of 1,915 shares.

Several research analysts have recently weighed in on the company. ValuEngine upgraded THL Credit from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Maxim Group reiterated a “hold” rating on shares of THL Credit in a research report on Wednesday, November 6th. Finally, Zacks Investment Research upgraded THL Credit from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Five investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $7.38.

The company has a market cap of $204.46 million, a PE ratio of 6.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.30 and a quick ratio of 0.30. The business has a 50-day moving average of $6.85 and a 200 day moving average of $6.71.

THL Credit (NASDAQ:TCRD) last posted its quarterly earnings data on Monday, November 4th. The investment management company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $12.79 million for the quarter, compared to analysts’ expectations of $13.51 million. THL Credit had a negative net margin of 55.49% and a positive return on equity of 10.76%. On average, equities analysts predict that THL Credit, Inc. will post 0.91 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Gilman Hill Asset Management LLC grew its holdings in THL Credit by 20.0% during the third quarter. Gilman Hill Asset Management LLC now owns 15,000 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 2,500 shares during the period. JPMorgan Chase & Co. grew its holdings in THL Credit by 18.5% during the second quarter. JPMorgan Chase & Co. now owns 23,443 shares of the investment management company’s stock valued at $156,000 after purchasing an additional 3,668 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in THL Credit by 14.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,220 shares of the investment management company’s stock valued at $174,000 after purchasing an additional 3,300 shares during the period. Wedbush Securities Inc. grew its holdings in THL Credit by 6.9% during the second quarter. Wedbush Securities Inc. now owns 36,165 shares of the investment management company’s stock valued at $240,000 after purchasing an additional 2,325 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in THL Credit by 7.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 51,431 shares of the investment management company’s stock valued at $342,000 after purchasing an additional 3,575 shares during the period. 48.76% of the stock is owned by institutional investors and hedge funds.

THL Credit Company Profile (NASDAQ:TCRD)

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.

Read More: Do stock splits help investors?

Receive News & Ratings for THL Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for THL Credit and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

SoMee.Social  Reaches 1-Day Trading Volume of $5,526.00
SoMee.Social Reaches 1-Day Trading Volume of $5,526.00
DAOstack Hits Market Cap of $2.58 Million
DAOstack Hits Market Cap of $2.58 Million
Almeela  Reaches Market Cap of $315,009.00
Almeela Reaches Market Cap of $315,009.00
Blackrock Muniholdings Insured Fund II Announces Monthly Dividend of $0.04
Blackrock Muniholdings Insured Fund II Announces Monthly Dividend of $0.04
Greenfields Petroleum  Hits New 12-Month Low at $0.04
Greenfields Petroleum Hits New 12-Month Low at $0.04
Durango Resources  Sets New 12-Month Low at $0.04
Durango Resources Sets New 12-Month Low at $0.04


 
© 2006-2019 Zolmax.