THL Credit (NASDAQ:TCRD) Stock Price Passes Above Two Hundred Day Moving Average of $6.71

THL Credit, Inc. (NASDAQ:TCRD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.71 and traded as high as $6.76. THL Credit shares last traded at $6.74, with a volume of 1,915 shares.

TCRD has been the subject of several analyst reports. Zacks Investment Research upgraded THL Credit from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. ValuEngine upgraded THL Credit from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Maxim Group restated a “hold” rating on shares of THL Credit in a research note on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $7.38.

The firm has a 50 day simple moving average of $6.85 and a 200 day simple moving average of $6.71. The firm has a market cap of $204.46 million, a P/E ratio of 6.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.30 and a current ratio of 0.30.

THL Credit (NASDAQ:TCRD) last released its quarterly earnings results on Monday, November 4th. The investment management company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). THL Credit had a negative net margin of 55.49% and a positive return on equity of 10.76%. The business had revenue of $12.79 million during the quarter, compared to analysts’ expectations of $13.51 million. Sell-side analysts predict that THL Credit, Inc. will post 0.91 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in TCRD. Shikiar Asset Management Inc. raised its holdings in shares of THL Credit by 18.9% in the 2nd quarter. Shikiar Asset Management Inc. now owns 183,600 shares of the investment management company’s stock valued at $1,219,000 after acquiring an additional 29,200 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of THL Credit by 6.9% during the 2nd quarter. Wedbush Securities Inc. now owns 36,165 shares of the investment management company’s stock valued at $240,000 after buying an additional 2,325 shares in the last quarter. Personal Resources Investment & Strategic Management Inc. raised its holdings in shares of THL Credit by 8.7% during the 2nd quarter. Personal Resources Investment & Strategic Management Inc. now owns 185,440 shares of the investment management company’s stock valued at $1,231,000 after buying an additional 14,863 shares in the last quarter. Stilwell Value LLC raised its holdings in shares of THL Credit by 47.1% during the 2nd quarter. Stilwell Value LLC now owns 486,612 shares of the investment management company’s stock valued at $3,231,000 after buying an additional 155,793 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings 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 valued at $156,000 after buying an additional 3,668 shares in the last quarter. 48.76% of the stock is currently owned by hedge funds and other institutional investors.

About THL Credit (NASDAQ:TCRD)

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.

Featured Story: What is the CAC 40 Index

Receive News & Ratings for THL Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for THL Credit and related companies with MarketBeat.com's FREE daily email newsletter.