Last $12.95 USD
Change Today +0.05 / 0.39%
Volume 10.8K
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As of 9:33 AM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

thl credit inc (TCRD) Snapshot

Open
$12.96
Previous Close
$12.90
Day High
$12.96
Day Low
$12.93
52 Week High
11/29/13 - $17.00
52 Week Low
05/15/14 - $12.80
Market Cap
439.1M
Average Volume 10 Days
206.9K
EPS TTM
$1.26
Shares Outstanding
33.9M
EX-Date
09/11/14
P/E TM
10.3x
Dividend
$1.36
Dividend Yield
10.50%
Current Stock Chart for THL CREDIT INC (TCRD)

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thl credit inc (TCRD) Details

THL Credit, Inc. is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers. The fund does not intend to invest in start-up companies, operationally distressed situations, or companies with speculative business plans. The fund invests primarily in debt securities, including unsecured subordinated or mezzanine debt and second lien secured debt, which may include an associated equity component such as warrants, preferred stock, options to buy minority interest, and other similar securities. Its investments may also include high-yield bonds, private equity investments, securities of public companies that are broadly traded, and securities of non-United States companies. It seeks to invest in outsourced business services, healthcare, financials, retailing, media, and consumer discretionary. The fund may make direct equity investments, including equity investments into or through funds, and also selectively invest in syndicated first lien secured loans, including unitranche investments. It seeks to invest between $10 million and $25 million of capital per transaction in companies with annual revenues ranging from $25 million to $500 million. The fund prefers to be a lead or sole investor in a transaction.

thl credit inc (TCRD) Top Compensated Officers

Co-Chief Executive Officer, Co-Chief Investme...
Total Annual Compensation: --
President and Member of Investment Committee
Total Annual Compensation: --
Chief Operating Officer, Chief Financial Offi...
Total Annual Compensation: --
Chief Compliance Officer, Chief Legal Officer...
Total Annual Compensation: --
Co-Head of Tradable Credit Platform
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

thl credit inc (TCRD) Key Developments

THL Credit, Inc. Presents at JMP Securities Financial Services & Real Estate Conference, Sep-30-2014 04:30 PM

THL Credit, Inc. Presents at JMP Securities Financial Services & Real Estate Conference, Sep-30-2014 04:30 PM. Venue: The St. Regis New York, 2 East 55th Street, New York, NY 10022, United States.

THL Credit, Inc. Declares Third Fiscal Quarter 2014, Payable on September 30, 2014

THL Credit, Inc. announced that its Board of Directors has declared a third fiscal quarter 2014 dividend of $0.34 per share payable on September 30, 2014, to stockholders of record as of September 15, 2014.

THL Credit, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

THL Credit, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total investment income of $23,745,000 against $22,672,000 a year ago. Net investment income was $12,887,000 against $13,273,000 a year ago. Net increase in net assets resulting from operations was $9,283,000 against $15,615,000 a year ago. Basic and diluted net investment income per common share was $0.38 against $0.49 a year ago. Net increase in net assets resulting from operations per common share basic and diluted was $0.27 against $0.58 a year ago. Net realized and unrealized loss from investments was $3,424,000 against gain of $2,101,000 a year ago. The decrease in net investment income for the quarter is primarily attributable to the dividend distributions from equity investments in the same quarter in the prior year. The decrease in net assets resulting from operations is due to larger equity distributions received in the same period of the prior year and change in unrealized appreciation on investments, benefit for taxes on unrealized gain on investments and tax provision on realized gain on investments. For the six months, the company reported total investment income of $44,641,000 against $37,095,000 a year ago. Net investment income was $23,589,000 against $20,679,000 a year ago. Net increase in net assets resulting from operations was $20,264,000 against $24,229,000 a year ago. Basic and diluted net investment income per common share was $0.70 against $0.78 a year ago. Net increase in net assets resulting from operations per common share basic and diluted was $0.60 against $0.91 a year ago. Net realized and unrealized loss from investments was $3,734,000 against gain of $3,800,000 a year ago. For the six months ended June 30, 2014, the company's operating activities used cash of $70.2 million primarily in connection with the purchase and sales of investments and its financing activities provided cash of $109.5 million from the company's net borrowings and used $23.1 million for distributions to stockholders and $1.8 million for the payment of financing and offering costs. For the six months ended June 30, 2013, the company's operating activities used cash of $77.6 million primarily in connection with the purchase and sales of investments and its financing activities provided cash of $126.3 million from net borrowings and common stock offering and used cash of $17.6 million for distributions to stockholders and $1.5 million for the payment of financing and offering costs.

 

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