Equities research analysts predict that Thl Credit (NASDAQ:TCRD) will report $18.30 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Thl Credit’s earnings. The lowest sales estimate is $17.43 million and the highest is $19.37 million. Thl Credit reported sales of $19.80 million in the same quarter last year, which indicates a negative year over year growth rate of 7.6%. The company is expected to issue its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Thl Credit will report full year sales of $73.97 million for the current fiscal year, with estimates ranging from $70.00 million to $79.74 million. For the next financial year, analysts expect that the firm will report sales of $74.65 million per share, with estimates ranging from $73.00 million to $77.24 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Thl Credit.
Thl Credit (NASDAQ:TCRD) last issued its earnings results on Tuesday, March 6th. The investment management company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). The firm had revenue of $18.58 million during the quarter, compared to analyst estimates of $19.58 million. Thl Credit had a negative net margin of 10.04% and a positive return on equity of 10.74%.
Several brokerages have recently commented on TCRD. Deutsche Bank reduced their target price on Thl Credit from $10.00 to $9.50 and set a “hold” rating for the company in a research note on Thursday, March 8th. BidaskClub upgraded Thl Credit from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. ValuEngine downgraded Thl Credit from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods set a $9.00 target price on Thl Credit and gave the company a “hold” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research upgraded Thl Credit from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research note on Wednesday, March 14th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $9.88.
In related news, CEO Sam W. Tillinghast sold 37,339 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $8.28, for a total value of $309,166.92. Following the transaction, the chief executive officer now owns 90,365 shares of the company’s stock, valued at approximately $748,222.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James R. Fellows purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was acquired at an average cost of $8.29 per share, for a total transaction of $124,350.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 17,751 shares of company stock worth $146,951. 9.39% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new position in shares of Thl Credit during the 3rd quarter worth approximately $104,000. First Allied Advisory Services Inc. bought a new position in shares of Thl Credit during the 4th quarter worth approximately $105,000. Two Sigma Securities LLC bought a new position in shares of Thl Credit during the 4th quarter worth approximately $146,000. Janney Montgomery Scott LLC bought a new position in shares of Thl Credit during the 3rd quarter worth approximately $163,000. Finally, Globeflex Capital L P bought a new position in shares of Thl Credit during the 4th quarter worth approximately $484,000. 44.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of TCRD opened at $7.87 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $257.14, a PE ratio of 6.50, a PEG ratio of 6.77 and a beta of 1.04. Thl Credit has a one year low of $7.72 and a one year high of $10.25.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Tuesday, March 20th were given a $0.27 dividend. The ex-dividend date was Monday, March 19th. This represents a $1.08 annualized dividend and a yield of 13.72%. Thl Credit’s payout ratio is 89.26%.
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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