Analysts expect THL Credit, Inc. (NASDAQ:TCRD) to post $0.24 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for THL Credit’s earnings, with estimates ranging from $0.23 to $0.25. THL Credit reported earnings per share of $0.27 during the same quarter last year, which would indicate a negative year-over-year growth rate of 11.1%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, May 9th.

On average, analysts expect that THL Credit will report full year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $1.07. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.92 per share, with EPS estimates ranging from $0.87 to $0.98. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for THL Credit.

THL Credit (NASDAQ:TCRD) last announced its quarterly earnings data on Wednesday, March 6th. The investment management company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.04). THL Credit had a negative net margin of 15.79% and a positive return on equity of 10.69%. The company had revenue of $15.80 million for the quarter, compared to the consensus estimate of $15.97 million.

TCRD has been the subject of a number of research reports. Zacks Investment Research upgraded THL Credit from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine upgraded THL Credit from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Raymond James upgraded THL Credit from an “underperform” rating to a “market perform” rating in a research report on Monday, March 11th. Finally, National Securities decreased their price target on THL Credit from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $8.63.

A number of large investors have recently added to or reduced their stakes in TCRD. Two Sigma Investments LP increased its stake in THL Credit by 33.4% in the fourth quarter. Two Sigma Investments LP now owns 227,169 shares of the investment management company’s stock worth $1,381,000 after purchasing an additional 56,898 shares during the period. Mackenzie Financial Corp boosted its stake in THL Credit by 73.1% during the third quarter. Mackenzie Financial Corp now owns 96,843 shares of the investment management company’s stock worth $782,000 after acquiring an additional 40,904 shares in the last quarter. Fiera Capital Corp boosted its stake in THL Credit by 66.5% during the fourth quarter. Fiera Capital Corp now owns 1,194,693 shares of the investment management company’s stock worth $7,264,000 after acquiring an additional 477,335 shares in the last quarter. West Family Investments Inc. boosted its stake in THL Credit by 24.6% during the fourth quarter. West Family Investments Inc. now owns 766,094 shares of the investment management company’s stock worth $4,658,000 after acquiring an additional 151,296 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in THL Credit during the fourth quarter worth $83,000. Institutional investors own 38.66% of the company’s stock.

Shares of NASDAQ TCRD traded up $0.03 during midday trading on Wednesday, reaching $6.67. 5,276 shares of the stock traded hands, compared to its average volume of 127,742. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market capitalization of $217.14 million, a P/E ratio of 6.21 and a beta of 1.15. THL Credit has a one year low of $5.80 and a one year high of $8.75.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 20th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.84 annualized dividend and a yield of 12.59%. THL Credit’s payout ratio is presently 78.50%.

THL Credit Company Profile

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.

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