Shikiar Asset Management Inc. Boosts Stake in THL Credit, Inc. (NASDAQ:TCRD)

Shikiar Asset Management Inc. raised its position in THL Credit, Inc. (NASDAQ:TCRD) by 18.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,600 shares of the investment management company’s stock after buying an additional 29,200 shares during the period. Shikiar Asset Management Inc. owned approximately 0.58% of THL Credit worth $1,219,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Two Sigma Advisers LP boosted its position in THL Credit by 27.2% in the 4th quarter. Two Sigma Advisers LP now owns 213,342 shares of the investment management company’s stock valued at $1,297,000 after buying an additional 45,600 shares during the last quarter. Legal & General Group Plc lifted its position in shares of THL Credit by 15.3% during the fourth quarter. Legal & General Group Plc now owns 141,895 shares of the investment management company’s stock worth $863,000 after purchasing an additional 18,815 shares during the last quarter. LSV Asset Management lifted its position in shares of THL Credit by 0.5% during the first quarter. LSV Asset Management now owns 961,257 shares of the investment management company’s stock worth $6,305,000 after purchasing an additional 4,653 shares during the last quarter. AJO LP lifted its position in shares of THL Credit by 8.2% during the first quarter. AJO LP now owns 355,892 shares of the investment management company’s stock worth $2,335,000 after purchasing an additional 26,899 shares during the last quarter. Finally, Globeflex Capital L P lifted its position in shares of THL Credit by 18.4% during the first quarter. Globeflex Capital L P now owns 103,401 shares of the investment management company’s stock worth $678,000 after purchasing an additional 16,059 shares during the last quarter. 45.77% of the stock is owned by institutional investors.

Shares of TCRD stock traded up $0.02 during trading hours on Tuesday, hitting $6.58. 540 shares of the company were exchanged, compared to its average volume of 70,288. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.18 and a quick ratio of 0.18. THL Credit, Inc. has a one year low of $5.80 and a one year high of $8.75. The firm has a 50-day moving average price of $6.63. The company has a market cap of $208.99 million, a PE ratio of 6.15 and a beta of 1.06.

THL Credit (NASDAQ:TCRD) last issued its earnings results on Thursday, May 9th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.03). THL Credit had a positive return on equity of 10.48% and a negative net margin of 25.94%. The business had revenue of $14.19 million during the quarter, compared to the consensus estimate of $15.19 million. As a group, sell-side analysts expect that THL Credit, Inc. will post 0.91 EPS for the current fiscal year.

TCRD has been the topic of several research analyst reports. Zacks Investment Research raised shares of THL Credit from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. ValuEngine raised shares of THL Credit from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, National Securities reduced their price target on shares of THL Credit from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. THL Credit has a consensus rating of “Hold” and an average target price of $8.13.

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

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