THL Credit, Inc. (TCRD) Expected to Announce Quarterly Sales of $19.58 Million

Analysts expect that THL Credit, Inc. (NASDAQ:TCRD) will announce sales of $19.58 million for the current quarter, Zacks reports. Four analysts have provided estimates for THL Credit’s earnings, with estimates ranging from $19.44 million to $19.82 million. THL Credit reported sales of $19.97 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 2%. The company is scheduled to report its next earnings report after the market closes on Tuesday, March 6th.

According to Zacks, analysts expect that THL Credit will report full-year sales of $19.58 million for the current fiscal year, with estimates ranging from $79.63 million to $80.00 million. For the next year, analysts anticipate that the firm will post sales of $77.92 million per share, with estimates ranging from $76.00 million to $79.74 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for THL Credit.

A number of equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of THL Credit from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised shares of THL Credit from a “sell” rating to a “hold” rating in a research note on Tuesday. Maxim Group reissued a “buy” rating and set a $11.50 price target on shares of THL Credit in a research note on Friday, November 10th. Finally, National Securities dropped their price target on shares of THL Credit from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, November 13th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.70.

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in THL Credit by 120.8% in the second quarter. Goldman Sachs Group Inc. now owns 72,908 shares of the investment management company’s stock valued at $725,000 after purchasing an additional 39,895 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in THL Credit in the second quarter valued at approximately $390,000. WFG Advisors LP increased its stake in THL Credit by 134.9% in the second quarter. WFG Advisors LP now owns 61,760 shares of the investment management company’s stock valued at $615,000 after purchasing an additional 35,471 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in THL Credit by 2.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,419,629 shares of the investment management company’s stock valued at $13,245,000 after purchasing an additional 33,708 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in THL Credit by 6.6% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 247,077 shares of the investment management company’s stock valued at $2,305,000 after purchasing an additional 15,391 shares in the last quarter. 43.28% of the stock is owned by hedge funds and other institutional investors.

THL Credit (NASDAQ:TCRD) traded down $0.04 on Friday, hitting $8.45. 120,888 shares of the company were exchanged, compared to its average volume of 128,896. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market capitalization of $277.40, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 7.90 and a beta of 1.04. THL Credit has a twelve month low of $8.16 and a twelve month high of $10.60.

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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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