THL Credit (NASDAQ:TCRD) posted its quarterly earnings results on Tuesday. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.04), Bloomberg Earnings reports. THL Credit had a return on equity of 10.53% and a net margin of 23.15%.
Shares of THL Credit (NASDAQ:TCRD) opened at $8.51 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market cap of $276.42, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 7.79 and a beta of 1.03. THL Credit has a one year low of $8.16 and a one year high of $10.45.
Several research firms recently commented on TCRD. BidaskClub upgraded shares of THL Credit from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. ValuEngine cut shares of THL Credit from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. National Securities reduced their target price 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. Finally, Maxim Group reiterated a “buy” rating and issued a $11.50 target price on shares of THL Credit in a research note on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.70.
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.