THL Credit, Inc. (NASDAQ:TCRD) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 137,200 shares, a decline of 16.6% from the June 30th total of 164,500 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 86,300 shares, the days-to-cover ratio is presently 1.6 days.

Large investors have recently made changes to their positions in the company. Gilman Hill Asset Management LLC purchased a new stake in shares of THL Credit during the 2nd quarter worth approximately $83,000. Joseph P. Lucia & Associates LLC purchased a new stake in shares of THL Credit during the 1st quarter worth approximately $2,025,000. FNY Investment Advisers LLC boosted its stake in shares of THL Credit by 66.7% during the 1st quarter. FNY Investment Advisers LLC now owns 23,000 shares of the investment management company’s stock worth $150,000 after acquiring an additional 9,200 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of THL Credit by 18.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,443 shares of the investment management company’s stock worth $156,000 after acquiring an additional 3,668 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of THL Credit by 14.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,220 shares of the investment management company’s stock worth $174,000 after acquiring an additional 3,300 shares in the last quarter. 46.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:TCRD traded down $0.08 during trading on Thursday, hitting $6.42. 95,900 shares of the stock were exchanged, compared to its average volume of 112,337. The company has a fifty day moving average price of $6.62 and a two-hundred day moving average price of $6.70. The company has a market cap of $201.96 million, a PE ratio of 6.00 and a beta of 1.06. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.41. THL Credit has a 12-month low of $5.80 and a 12-month high of $8.75.

THL Credit (NASDAQ:TCRD) last announced its quarterly earnings results on Thursday, August 8th. The investment management company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.05. The business had revenue of $15.36 million for the quarter, compared to analyst estimates of $14.24 million. THL Credit had a positive return on equity of 10.32% and a negative net margin of 45.45%. Equities research analysts anticipate that THL Credit will post 0.94 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on TCRD shares. ValuEngine lowered THL Credit from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. National Securities lowered their price objective on THL Credit from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Finally, Zacks Investment Research raised THL Credit from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. THL Credit has an average rating of “Hold” and a consensus target price of $7.00.

About THL Credit

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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