“TCRD is making good progress on its transition toward first-lien senior- secured loans to PE-sponsored companies (core assets), and away from more junior positions in unsponsored companies, but still has more work to do. Therefore, we maintain our Hold rating. We expect TCRD to maintain its dividend at the current level – $0.27 per quarter, which is yielding 14.7% on an annualized basis – throughout 2019 (with the help of a full waiver of incentive fees from its investment advisor through 1H19), thereby providing support for its shares. We introduce 2019 dividend and EPS estimates of $1.08.”
According to TipRanks.com, Diana is a 4-star analyst with an average return of 4.4% and a 55.7% success rate. Diana covers the Financial sector, focusing on stocks such as Manhattan Bridge Capital Inc, Arlington Asset Investment, and Westamerica Bancorporation.
The word on The Street in general, suggests a Hold analyst consensus rating for THL Credit.
The company has a one-year high of $9.67 and a one-year low of $7.31. Currently, THL Credit has an average volume of 126.4K.
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THL Credit, Inc. is an externally managed, non-diversified closed-end management investment company. Its objective is to generate both current income and capital appreciation, through investments in privately negotiated debt and equity securities of lower middle market companies. The company was founded on May 26, 2009 and is headquartered in Boston, MA.