THL Credit, Inc. (NASDAQ:TCRD) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Zacks Investment Research has upgraded THL Credit, Inc. (NASDAQ:TCRD) to Hold in a statement released on Tuesday October 11, 2016.
Boasting a price of $9.47, THL Credit, Inc. (NASDAQ:TCRD) traded -0.63% lower on the day. With the last stock price close down -11.38% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. THL Credit, Inc. has recorded a 50-day average of $9.83 and a two hundred day average of $10.68. Volume of trade was down over the average, with 62,127 shares of TCRD changing hands under the typical 185,202
With a total market value of $0, THL Credit, Inc. has with a one year low of $8.58 and a one year high of $12.22 .
A total of 9 equity analysts have released a ratings update on TCRD. Two equity analysts rating the company a strong buy, six equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $12.06.
Brief Synopsis About THL Credit, Inc. (NASDAQ:TCRD)
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 middle market companies. The Company is a direct lender to middle-market companies and invests in first lien and second lien loans, including through unitranche investments, as well as subordinated debt, which may include an associated equity component, such as warrants, preferred stock or similar securities. The Company also makes direct equity investments. The security types in which the Company invests includes First Lien Senior Secured Loans, Second Lien Loans, Mezzanine Loans, Collateralized Loan Obligations (CLO) Residual Interests and THL Credit Logan JV LLC (Logan JV). Its subsidiaries include THL Credit Holdings, Inc., THL Credit AIM Media Holdings, Inc. and THL Credit YP Holdings, Inc.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.