Maxim Group Sticks to Their Hold Rating for THL Credit (TCRD)

By Carrie Williams

In a report released yesterday, Michael Diana from Maxim Group maintained a Hold rating on THL Credit (TCRDResearch Report). The company’s shares closed last Monday at $6.89.

According to TipRanks.com, Diana is a 5-star analyst with an average return of 4.6% and a 62.3% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Arlington Asset Investment, and Westamerica Bancorporation.

The the analyst consensus on THL Credit is currently a Hold rating.

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Based on THL Credit’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $311K. In comparison, last year the company had a net profit of $4.65 million.

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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.