Could THL Credit, Inc. (TCRD) Decrease Even More? The Stock Formed Wedge Down

April 26, 2018 - By Peter Erickson

Investors sentiment increased to 0.97 in 2017 Q4. Its up 0.01, from 0.96 in 2017Q3. It improved, as 8 investors sold THL Credit, Inc. shares while 21 reduced holdings. 9 funds opened positions while 19 raised stakes. 11.98 million shares or 2.10% more from 11.74 million shares in 2017Q3 were reported.
Raymond James Assocs invested in 107,495 shares. Grp One Trading Lp reported 1,000 shares. Geode Capital Limited Com holds 93,669 shares. Private Advisor Grp Incorporated Ltd Liability Corp owns 48,151 shares. Fort Washington Inv Advsr Oh holds 185,734 shares. Ares Limited Liability Corp holds 0.26% in THL Credit, Inc. (NASDAQ:TCRD) or 911,761 shares. Wells Fargo Mn accumulated 67,355 shares. 500 are held by Baystate Wealth Mgmt Ltd. First Allied Advisory Ser holds 11,510 shares or 0% of its portfolio. Moreover, Advsr Asset Mgmt has 0.1% invested in THL Credit, Inc. (NASDAQ:TCRD) for 679,837 shares. Manufacturers Life Ins The holds 0% or 1,057 shares. Goldman Sachs Grp Incorporated Inc invested 0% in THL Credit, Inc. (NASDAQ:TCRD). Panagora Asset Mgmt invested in 0% or 1,735 shares. Bb&T Secs Ltd Llc stated it has 209,927 shares or 0.02% of all its holdings. Great West Life Assurance Co Can has invested 0.03% of its portfolio in THL Credit, Inc. (NASDAQ:TCRD).

Since March 9, 2018, it had 4 buys, and 3 sales for $900,863 activity. Another trade for 1,250 shares valued at $10,263 was bought by Olson Terrence W.. Shares for $124,344 were bought by Fellows James R. 1 shares were bought by Rusnak-Carlson Sabrina, worth $8. Another trade for 1,500 shares valued at $12,336 was bought by Flynn Christopher J..

The stock of THL Credit, Inc. (TCRD) formed a down wedge with $7.13 target or 9.00 % below today’s $7.83 share price. The 7 months wedge indicates high risk for the $255.83M company. If the $7.13 price target is reached, the company will be worth $23.03 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

It closed at $7.83 lastly. It is down 19.69% since April 26, 2017 and is downtrending. It has underperformed by 31.24% the S&P500.

Analysts await THL Credit, Inc. (NASDAQ:TCRD) to report earnings on May, 3. They expect $0.29 earnings per share, 0.00 % or $0.00 from last year’s $0.29 per share. TCRD’s profit will be $9.48M for 6.75 P/E if the $0.29 EPS becomes a reality. After $0.27 actual earnings per share reported by THL Credit, Inc. for the previous quarter, Wall Street now forecasts 7.41 % EPS growth.

THL Credit, Inc. (NASDAQ:TCRD) Ratings Coverage

Among 4 analysts covering THL Credit (NASDAQ:TCRD), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. THL Credit had 6 analyst reports since November 3, 2017 according to SRatingsIntel. Maxim Group downgraded the shares of TCRD in report on Thursday, March 8 to “Hold” rating. Jefferies maintained the shares of TCRD in report on Friday, November 3 with “Hold” rating. The stock has “Hold” rating by Jefferies on Wednesday, March 7. The rating was maintained by Keefe Bruyette & Woods on Wednesday, March 7 with “Hold”. Deutsche Bank maintained the stock with “Hold” rating in Thursday, March 8 report. The firm has “Buy” rating given on Friday, November 10 by Maxim Group.

THL Credit, Inc. (NASDAQ:TCRD) Institutional Positions Chart

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