Fiera Capital Corp grew its stake in shares of THL Credit, Inc. (NASDAQ:TCRD) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 717,358 shares of the investment management company’s stock after purchasing an additional 17,235 shares during the period. Fiera Capital Corp’s holdings in THL Credit were worth $5,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TCRD. Susquehanna Fundamental Investments LLC bought a new stake in shares of THL Credit during the 1st quarter valued at about $105,000. Dynamic Technology Lab Private Ltd purchased a new position in THL Credit during the 1st quarter valued at about $112,000. Citigroup Inc. lifted its position in THL Credit by 1,316.0% during the 1st quarter. Citigroup Inc. now owns 15,576 shares of the investment management company’s stock valued at $121,000 after acquiring an additional 14,476 shares during the period. Trexquant Investment LP lifted its position in THL Credit by 119.4% during the 1st quarter. Trexquant Investment LP now owns 23,416 shares of the investment management company’s stock valued at $182,000 after acquiring an additional 12,745 shares during the period. Finally, Geode Capital Management LLC lifted its position in THL Credit by 31.6% during the 4th quarter. Geode Capital Management LLC now owns 93,669 shares of the investment management company’s stock valued at $847,000 after acquiring an additional 22,488 shares during the period. 45.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ TCRD opened at $8.07 on Friday. THL Credit, Inc. has a 1 year low of $7.70 and a 1 year high of $9.82. The stock has a market cap of $259.76 million, a P/E ratio of 6.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.21 and a quick ratio of 0.21.

THL Credit (NASDAQ:TCRD) last issued its quarterly earnings results on Wednesday, August 8th. The investment management company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. THL Credit had a negative net margin of 9.01% and a positive return on equity of 10.84%. The company had revenue of $18.36 million during the quarter, compared to analysts’ expectations of $16.92 million. research analysts forecast that THL Credit, Inc. will post 1.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a $0.27 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.08 annualized dividend and a yield of 13.38%. THL Credit’s dividend payout ratio (DPR) is presently 89.26%.

TCRD has been the subject of a number of recent research reports. National Securities reissued a “neutral” rating and set a $10.00 price target on shares of THL Credit in a research report on Friday, May 4th. ValuEngine cut shares of THL Credit from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. BidaskClub cut shares of THL Credit from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 12th. Finally, Zacks Investment Research raised shares of THL Credit from a “sell” rating to a “hold” rating in a research report on Thursday, June 14th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.85.

In other news, CFO Terrence W. Olson bought 9,249 shares of the firm’s stock in a transaction on Friday, May 25th. The stock was acquired at an average cost of $7.76 per share, with a total value of $71,772.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Terrence W. Olson bought 10,992 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was purchased at an average cost of $7.87 per share, with a total value of $86,507.04. The disclosure for this purchase can be found here. Insiders acquired 493,490 shares of company stock valued at $3,949,196 over the last ninety days. Corporate insiders own 0.46% of the company’s stock.

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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Institutional Ownership by Quarter for THL Credit (NASDAQ:TCRD)

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