Separately, analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of THL Credit in a research note to investors on Thursday, April 19th. They set an “outperform” rating on the stock.
Shares of THL Credit traded down 1.85% during mid-day trading on Tuesday, hitting $12.70. THL Credit has a one year low of $10.41 and a one year high of $13.71. The company has a market cap of $256.8 million and a P/E ratio of 10.49.
THL Credit last issued its quarterly earnings data on Thursday, March 8th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The company’s revenue for the quarter was up 87.9% on a year-over-year basis. On average, analysts predict that THL Credit will post $0.34 earnings per share next quarter.
THL Credit, Inc. is a non-diversified, closed-end management investment company. The Company operates as a business development company.