Recent Insider Activity: THL Credit, Inc. $TCRD

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THL Credit, Inc. (TCRD) insider have most recently took part in a trading activity. On Jun 14, 2017 Flynn Christopher J., Co-CEO bought 900 shares having total worth of $8,910 at the price of $9.9 per share, following the transaction a total of 34,495 shares owned by Flynn Christopher J.. Before this latest buy, Flynn Christopher J. purchased TCRD at 2 other times during the past twelve months, for a total investment of $40,320 at an average of $10 per share.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 10 times by insiders. an employee of the company was the buyer in 10 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 0 -5.01%
12 Month 10 0 -8.45%

Shares of THL Credit, Inc. (TCRD) traded down 0.8% on Jun 14, 2017, hitting $9.86. 120,402 shares of the company’s stock traded hands. THL Credit, Inc. has a 52 week low of $8.67 and a 52 week high of $11.8. The company’s market cap is $318 million.

THL Credit, Inc. (TCRD) last announced its earnings results on May 4, 2017. The company reported 0.29 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.28 by $0.01. The company had revenue of $20 million for the quarter, compared to the consensus estimate of $20 million. During the same quarter in the previous year, the company posted 0.40 earnings per share. The company’s revenue for the quarter was down 12% on a year-over-year basis.

2017-05-04 2017-03-09 2016-11-09 2016-08-04 2016-05-05 2016-03-10 2015-11-05 2015-08-06 2015-05-11 2014-11-07
earnings per share 0.29 0.28 0.32 0.35 0.40 0.36 0.35 0.35 0.35 0.36
Revenue(M) 19.8 19.97 21.57 20.48 22.57 23.57 23.12 23.75 23.76 23.15

THL Credit, Inc. was organized as a Delaware corporation on May 26, 2009. The Company provides junior debt and equity to middle-market companies seeking capital for growth, acquisition, recapitalization and/or change of control. Its investment objective is to generate both current income and capital appreciation, primarily through the origination of privately negotiated investments in debt and equity securities in middle market companies. It invests primarily in private subordinated debt, or mezzanine debt, which in many cases includes an associated equity component, such as warrants, preferred stock or other similar securities. In certain instances, the Company will also make direct equity investments. It defines middle market companies to mean both public and privately held companies with annual revenues of between $25 million and $500 million. Typical investments range from $10 – $50 million in companies that have annual revenues between $25 million and $500 million with annual EBITDA exceeding $5 million. It primarily competes with other BDCs, public and private funds, commercial and investment banks, CLO funds, and commercial finance companies. Its investment activities are managed by THL Credit Advisors and supervised by its board of directors, a majority of whom are independent of THL Credit Advisors and its affiliates.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.