Simplex Trading buys $283,927 stake in THL Credit (TCRD)

THL Credit (TCRD) : Simplex Trading scooped up 29,056 additional shares in THL Credit during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 29,887 shares of THL Credit which is valued at $283,927.THL Credit makes up approximately 0.04% of Simplex Trading’s portfolio.

Other Hedge Funds, Including ,

THL Credit closed down -0.06 points or -0.63% at $9.5 with 68,068 shares getting traded on Friday. Post opening the session at $9.56, the shares hit an intraday low of $9.495 and an intraday high of $9.59 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, THL Credit reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.34. The company had revenue of $20.50 million for the quarter, compared to analysts expectations of $23.09 million. The company’s revenue was down -13.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on THL Credit. THL Credit was Downgraded by Keefe Bruyette to ” Mkt Perform” on Aug 8, 2016. THL Credit was Downgraded by Wells Fargo to ” Market Perform” on Aug 5, 2016.

THL Credit Inc. 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 Company 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 Company also makes direct equity investments. The security types in which the Company invests includes First Lien Senior Secured Loans Second Lien Loans Mezzanine Loans Collateralized Loan Obligations (CLO) Residual Interests and THL Credit Logan JV LLC (Logan JV).

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