Today’s Short Interest Alert: What’s Next for Thl Credit Incorporated (NASDAQ:TCRD) After Having More Shares Shorted?

November 17, 2016 - By Darrin Black   ·   0 Comments

Today's Short Interest Alert: What's Next for Thl Credit Incorporated (NASDAQ:TCRD) After Having More Shares Shorted?

The stock of Thl Credit Incorporated (NASDAQ:TCRD) registered an increase of 0.95% in short interest. TCRD’s total short interest was 223,800 shares in November as published by FINRA. Its up 0.95% from 221,700 shares, reported previously. With 249,700 shares average volume, it will take short sellers 1 days to cover their TCRD’s short positions. About 20,641 shares traded hands. THL Credit, Inc. (NASDAQ:TCRD) has declined 11.71% since April 15, 2016 and is downtrending. It has underperformed by 16.33% the S&P500.

THL Credit, Inc. is an externally managed, non-diversified closed-end management investment company. The company has a market cap of $326.07 million. 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. It currently has negative earnings. The Firm 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.

Insitutional Activity: The institutional sentiment decreased to 1.23 in 2016 Q2. Its down 0.82, from 2.05 in 2016Q1. The ratio dropped, as 14 funds sold all THL Credit, Inc. shares owned while 16 reduced positions. 9 funds bought stakes while 28 increased positions. They now own 11.68 million shares or 0.79% more from 11.59 million shares in 2016Q1.
Manufacturers Life Ins Company The, a Ontario – Canada-based fund reported 1,321 shares. Moreover, Royal Bancorp Of Canada has 0% invested in THL Credit, Inc. (NASDAQ:TCRD) for 3,693 shares. Omega Advsr Inc accumulated 0.01% or 32,516 shares. Cs Mckee Limited Partnership, a Pennsylvania-based fund reported 100,000 shares. Kempner Management Inc reported 11,900 shares or 0.08% of all its holdings. Confluence Investment Management Lc holds 0.29% of its portfolio in THL Credit, Inc. (NASDAQ:TCRD) for 933,783 shares. Winslow Evans Crocker Inc has 1,300 shares for 0% of their US portfolio. Eagle Advsr Ltd Com holds 12,560 shares or 0% of its portfolio. Wells Fargo And Mn reported 982,103 shares or 0% of all its holdings. Arcadia Management Mi has 2,680 shares for 0.01% of their US portfolio. The California-based Planning has invested 0.01% in THL Credit, Inc. (NASDAQ:TCRD). Highlander Lc has invested 0.75% of its portfolio in THL Credit, Inc. (NASDAQ:TCRD). Moreover, Springbok Cap Mgmt Limited Liability Com has 0% invested in THL Credit, Inc. (NASDAQ:TCRD) for 500 shares. Advisory Rech Inc has invested 0.01% of its portfolio in THL Credit, Inc. (NASDAQ:TCRD). Morgan Stanley accumulated 386,296 shares or 0% of the stock.

THL Credit, Inc. (NASDAQ:TCRD) Ratings Coverage

Out of 8 analysts covering THL Credit (NASDAQ:TCRD), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. THL Credit has been the topic of 13 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of THL Credit, Inc. (NASDAQ:TCRD) earned “Outperform” rating by Wells Fargo on Monday, April 4. The rating was maintained by Deutsche Bank on Tuesday, August 11 with “Buy”. The firm earned “Outperform” rating on Friday, February 19 by Keefe Bruyette & Woods. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, August 5. Maxim Group maintained it with “Buy” rating and $13.25 target price in Monday, November 9 report. The stock has “Neutral” rating given by Citigroup on Friday, August 12. As per Thursday, August 11, the company rating was maintained by Deutsche Bank. On Tuesday, March 15 the stock rating was maintained by Deutsche Bank with “Buy”. On Friday, June 17 the stock rating was initiated by Janney Capital with “Neutral”. The company was upgraded on Saturday, September 5 by TheStreet.

TCRD Company Profile

THL Credit, Inc., incorporated on May 26, 2009, 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 Firm 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 Firm also makes direct equity investments.

More news for THL Credit, Inc. (NASDAQ:TCRD) were recently published by: Globenewswire.com, which released: “THL Credit Announces Public Offering of Additional 6.75% Notes due 2022” on November 16, 2016. Marketwatch.com‘s article titled: “THL Credit started at neutral with stock fair value estimate of $12 at Janney …” and published on April 21, 2011 is yet another important article.

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By Darrin Black


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