TCRD - THL Credit, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
6.70
-0.10 (-1.47%)
At close: 4:00PM EST

6.70 0.00 (0.00%)
After hours: 4:00PM EST

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Previous Close6.80
Open6.80
Bid6.66 x 800
Ask6.72 x 900
Day's Range6.63 - 6.80
52 Week Range6.29 - 7.43
Volume141,281
Avg. Volume126,621
Market Cap202.914M
Beta (5Y Monthly)0.95
PE Ratio (TTM)N/A
EPS (TTM)-1.01
Earnings DateMar 04, 2020
Forward Dividend & Yield0.84 (12.26%)
Ex-Dividend DateDec 12, 2019
1y Target Est7.42
  • GlobeNewswire

    THL Credit, Inc. Schedules Earnings Release and Conference Call for the Fourth Quarter and Fiscal Year Ended 2019

    BOSTON, Feb. 12, 2020 -- THL Credit, Inc. (NASDAQ: TCRD) (the “Company"), announced today that it will report its financial results for the fourth quarter and fiscal year ended.

  • GlobeNewswire

    First Eagle Alternative Credit Closes Fourth Middle-Market Direct Lending Fund

    BOSTON, Feb. 06, 2020 -- First Eagle Alternative Credit, LLC today announced the final closing of its fourth middle-market direct lending fund, THL Credit Direct Lending Fund.

  • Bloomberg

    First Eagle Raises $782 Million for Latest Direct Lending Fund

    (Bloomberg) -- First Eagle Investment Management’s alternative credit unit has closed its fourth fund that makes loans to middle-market companies, extending its bet on the booming asset class.The vehicle, THL Credit Direct Lending Fund IV, has $782 million of available investment capacity, including leverage, First Eagle said in a statement. The fund will focus on providing senior secured loans to mostly private equity-backed companies with $10 million to $40 million in Ebitda (earnings before interest, taxes, depreciation and amortization). First Eagle considers those companies the core part of the middle market.The fundraising news comes about two months after First Eagle announced it planned to acquire THL Credit Advisors, forming a $23 billion unit that originates new loans and buys existing debt.“Traditionally direct lending can generate an 8-10% return, with about a 50% loan-to-value, downside protection and with minimal volatility,” Chris Flynn, president of First Eagle Alternative Credit, said in a phone interview. “And when folks are looking for yield in a relative low-yield environment, it’s a good place to be.”Flynn said First Eagle is sticking with the core part of the market in part because there’s less competition than for larger transactions and also because they generally come with stronger lender protections.Buy and Hold“There’s plenty of competition, but the main difference between the core middle market and the upper middle market is that in the core middle market you’re competing against other direct lenders who buy and hold,” he said. “When you move above $40 million to $50 million in Ebitda, you’re competing against the large direct lenders and the underwrite-and-distribute model.” Those transactions, he said, are often so-called covenant-lite loans that carry weaker protections.THL’s previous fund, THL Credit Direct Lending Fund III, raised $511 million in 2017 and also focused on loans to private equity-backed, mid-sized companies.First Eagle’s fund close comes as investors continue to stream into direct lending strategies, even if inflows have eased from their peak. North America-focused private-credit funds raised $25.1 billion last year, down from $26.4 billion in 2018, according to London-based research firm Preqin.First Eagle Investment Management had $101 billion in assets under management as of Dec. 31.To contact the reporter on this story: Kelsey Butler in New York at kbutler55@bloomberg.netTo contact the editors responsible for this story: Natalie Harrison at nharrison73@bloomberg.net, Shannon D. Harrington, Allan LopezFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GlobeNewswire

    Eagle Growth and Income Opportunities Fund Announces Additional Adjournment of Special Meeting to February 10, 2020

    Eagle Growth and Income Opportunities Fund (the "Fund") (NYSE: EGIF) today announced the adjournment of its Special Meeting of Shareholders scheduled to be held on January 21, 2020, as initially adjourned to January 27, 2020. The adjourned Special Meeting is scheduled to be held on Monday, February 10, 2020, at 9:00 a.m., C.T., at the office of THL Credit Advisors LLC, 227 West Monroe Street, Suite 3200, Chicago, IL 60606. At the adjourned Special Meeting, shareholders will be asked to approve a new advisory agreement between THL Credit Advisors LLC (“THL Credit”) and the Fund, along with a new sub-advisory agreement between THL Credit and Eagle Asset Management, Inc. (“Eagle”).

  • GlobeNewswire

    Eagle Growth and Income Opportunities Fund Increases Distribution and Declares Monthly Distribution of $0.085 Per Share

    Eagle Growth and Income Opportunities Fund (the “Fund”) (NYSE: EGIF) today announced the declaration of its monthly distribution of $0.085 per common share, payable on January 31, 2020. Based on the Fund’s share price of $17.07 as of its close on January 9, 2020, the distribution represents an annualized yield of 5.98%. The distribution rate should not be considered the yield or total return on an investment in the Fund.

  • Do Hedge Funds Love THL Credit, Inc. (TCRD)?
    Insider Monkey

    Do Hedge Funds Love THL Credit, Inc. (TCRD)?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • GlobeNewswire

    Eagle Growth and Income Opportunities Fund Reports Announcement by THL Credit Advisors and First Eagle Investment Management of Acquisition Transaction

    Eagle Growth and Income Opportunities Fund (the "Fund") (NYSE: EGIF) today reported that THL Credit Advisors LLC, the investment adviser to the Fund (the "Adviser") entered into a definitive agreement with First Eagle Investment Management, LLC ("First Eagle"), whereby a newly formed subsidiary of First Eagle has agreed, subject to the satisfaction of the closing conditions, to merge with and into the Adviser, with the Adviser as the surviving company (the "Transaction"). A copy of the joint press release issued by the Adviser and First Eagle related to the Transaction will be available at www.thlcredit.com.

  • GlobeNewswire

    Eagle Growth and Income Opportunities Fund Announces Rescheduled Quarterly Investor Call

    BOSTON, Dec. 02, 2019 -- Eagle Growth and Income Opportunities Fund (the “Fund”) (NYSE: EGIF) today announced that it is rescheduling its investor call from Tuesday, December.

  • Is THL Credit (TCRD) a Suitable Stock for Value Investors?
    Zacks

    Is THL Credit (TCRD) a Suitable Stock for Value Investors?

    Let's see if THL Credit, Inc. (TCRD) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

  • GlobeNewswire

    CORRECTING and REPLACING -- Eagle Growth and Income Opportunities Fund Declares Monthly Distribution of $0.08 Per Share and Announces Additional Actions in Support of Shareholders

    In a release issued under the same headline on Nov. 18, 2019 by Eagle Growth & Income Opportunities Fund (EGIF) please note that the meeting date for the Special Meeting of Shareholders should read January 21, 2020 (instead of January 21, 2019). Eagle Growth and Income Opportunities Fund (the “Fund”) (NYSE: EGIF) today announced the declaration of its monthly distribution for December 2019, as well as additional actions relating to the Fund's operations that are intended to benefit Fund shareholders, including a share repurchase program and a proposal, if approved by the Fund's shareholders, to shorten the Fund's remaining term by three years. The distribution rate should not be considered the yield or total return on an investment in the Fund.

  • Thomson Reuters StreetEvents

    Edited Transcript of TCRD earnings conference call or presentation 5-Nov-19 3:30pm GMT

    Q3 2019 THL Credit Inc Earnings Call

  • GlobeNewswire

    Eagle Growth and Income Opportunities Fund Declares Monthly Distribution of $0.08 Per Share and Announces Additional Actions in Support of Shareholders

    Eagle Growth and Income Opportunities Fund (the “Fund”) (NYSE: EGIF) today announced the declaration of its monthly distribution for December 2019, as well as additional actions relating to the Fund's operations that are intended to benefit Fund shareholders, including a share repurchase program and a proposal, if approved by the Fund's shareholders, to shorten the Fund's remaining term by three years. The Fund announced the declaration of its monthly distribution of $0.08 per common share, payable on December 31, 2019. Based on the Fund’s share price of $15.60 as of its close on November 15, 2019, the distribution represents an annualized yield of 6.15%.

  • GlobeNewswire

    THL Credit Completes $508 Million Collateralized Loan Obligation

    BOSTON, Nov. 14, 2019 -- THL Credit Advisors LLC (“THL Credit”), a leading alternative credit manager with approximately $17 billion of AUM, today announced the close of a.

  • GlobeNewswire

    Eagle Growth and Income Opportunities Fund Declares Monthly Distribution of $0.08 Per Share

    Eagle Growth and Income Opportunities Fund (the “Fund”) (NYSE: EGIF) today announced the declaration of its monthly distribution of $0.08 per common share, payable on November 29, 2019. Based on the Fund’s share price of $15.66 as of its close on November 8, 2019, the distribution represents an annualized yield of 6.13%. The distribution rate should not be considered the yield or total return on an investment in the Fund.

  • THL Credit (TCRD) Q3 Earnings and Revenues Miss Estimates
    Zacks

    THL Credit (TCRD) Q3 Earnings and Revenues Miss Estimates

    THL Credit (TCRD) delivered earnings and revenue surprises of -4.35% and -5.30%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    THL Credit Reports Third Quarter 2019 Financial Results and Declares a Dividend of $0.21 Per Share

    BOSTON, Nov. 04, 2019 -- THL Credit, Inc. (NASDAQ: TCRD) (“THL Credit” or the “Company”), a direct lender to middle market companies, today announced financial results for its.

  • Analysts Estimate THL Credit (TCRD) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate THL Credit (TCRD) to Report a Decline in Earnings: What to Look Out for

    THL Credit (TCRD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Reuters

    CLO market eyeing bonds with a bet on Volcker relief

    The US Collateralized Loan Obligation (CLO) market is preparing to welcome back high-yield bonds into its funds. Regulators have signaled they will continue to tweak the 2013 Volcker Rule, a ban on proprietary trading that also prohibits banks from investing in CLOs that hold bonds, after finalizing a round of changes earlier this month. Anticipating relief for CLOs, THL Credit included so-called ‘Volcker 2.0 Amendment’ language in its THL Credit Wind River 2019-2 CLO, which allows the fund to invest in bonds in the future, according to a deal document.

  • Short THL Credit
    GuruFocus.com

    Short THL Credit

    An uptick in valuation that is not supported by quality Continue reading...

  • GlobeNewswire

    THL Credit Schedules Third Quarter 2019 Earnings Release and Conference Call

    THL Credit, Inc. (TCRD) (the “Company"), announced today that it will report its financial results for the third fiscal quarter ended September 30, 2019 after the market closes on Monday, November 4, 2019. The Company will host a conference call to discuss these results and its business outlook on Tuesday, November 5, 2019, at 10:30 a.m. Eastern Time. The Company will also broadcast the conference call live via the Investor Relations section of its website at www.THLCreditBDC.com.

  • GlobeNewswire

    THL Credit Completes Second Middle Market Collateralized Loan Obligation

    BOSTON, Sept. 23, 2019 -- THL Credit Advisors LLC ("THL Credit"), a leading alternative credit manager with $17 billion of AUM, today announced that it has closed THL Credit.

  • GlobeNewswire

    THL Credit Advisors Announces Proprietary ESG Investment Framework

    THL Credit Advisors, LLC (“THL Credit” or the “Company”) today announced that it has developed and begun utilizing a new investment framework for assessing environmental, social, and governance (“ESG”) factors in analyzing credit quality and risk factors. THL Credit said the goal is to increase the consideration of ESG factors and better understand their impact on the long-term value and strength of its borrowers across the firm’s Tradable Credit portfolio, which includes syndicated bank loans, high yield debt, and CLO debt and equity, as well as its Direct Lending portfolio. “A global transition is now underway to finance a more resilient, transparent and sustainable economy, and we want to demonstrate leadership in responsible investing in the credit management sector with our current products and future ESG strategies,” said Chris Flynn, CEO of THL Credit, which manages $16.8 billion of assets globally.

  • GlobeNewswire

    THL Credit Senior Loan Fund Declares Monthly Distribution of $0.101 Per Share and Announces Investor Call

    THL Credit Senior Loan Fund (the “Fund”) (NYSE: TSLF) today announced the declaration of monthly distributions of $0.101 per common share, payable on the dates noted below.  Based on the Fund’s share price of $14.62 as of its close on August 29, 2019, the distribution represents an annualized yield of 8.29%.  Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured.  The distribution rate should not be considered the yield or total return on an investment in the Fund.