Leon Cooperman’s Cooperman Leon G Opened Huge Thl Credit, Inc Position

February 15, 2018 - By Nellie Frank

 Leon Cooperman's Cooperman Leon G Opened Huge Thl Credit, Inc Position

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.08, from 1.04 in 2017Q2. It worsened, as 6 investors sold THL Credit, Inc. shares while 22 reduced holdings. 10 funds opened positions while 17 raised stakes. 11.74 million shares or 4.50% less from 12.29 million shares in 2017Q2 were reported.

Raymond James Associate accumulated 105,431 shares. Van Eck Assocs holds 236,758 shares or 0.01% of its portfolio. Morgan Stanley owns 355,625 shares. Stifel Corp holds 12,300 shares or 0% of its portfolio. Howe And Rusling holds 0% or 520 shares. Tradewinds Management Ltd Limited Liability Company invested 0% in THL Credit, Inc. (NASDAQ:TCRD). Fiera Cap invested in 43,200 shares. Baystate Wealth Ltd Liability Company invested 0% in THL Credit, Inc. (NASDAQ:TCRD). Blackrock has invested 0% in THL Credit, Inc. (NASDAQ:TCRD). Wells Fargo And Co Mn has 113,228 shares. Athena Capital Advisors reported 0.26% of its portfolio in THL Credit, Inc. (NASDAQ:TCRD). Jbf Inc holds 21,964 shares or 0.02% of its portfolio. Moreover, Horizon Ltd Liability has 0.01% invested in THL Credit, Inc. (NASDAQ:TCRD) for 12,460 shares. Ballentine Ptnrs Ltd Liability holds 0.02% or 46,673 shares. Freestone Cap Hldg Limited Liability Company has 230,621 shares for 0.15% of their portfolio.

The New Leon Cooperman’s Cooperman Leon G Holding in Thl Credit, Inc

Cooperman Leon G reported SC 13G/A form with the SEC for Thl Credit, Inc. Access it here: 000094366318000076. As reported by Leon Cooperman’s Cooperman Leon G, the filler owns 6.65% or 2,174,100 shares of the Finance–company.

Thl Credit, Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Leon Cooperman’s Cooperman Leon G’s positive view for Thl Credit, Inc. For a hedge fund managing $12.65 billion in assets and having 38+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Leon Cooperman’s Cooperman Leon G’s portfolio is in the sector.

Thl Credit, Inc Institutional Sentiment

Filings show 71 investors own Thl Credit, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 566315. 12706781 were owned by these investors. 13 funds opened new Thl Credit, Inc stakes, 21 increased positions. There were 9 that closed positions and 26 reduced them.

Athena Capital Advisors Llc is an investor bullish on Thl Credit, Inc, owning 138274 shares as of Q3 2015 for 0.51% of its portfolio. West Family Investments Inc owns 392893 shares or 0.89% of its portfolio. NJ Highlander Capital Management Llc have 0.92% of its portfolio for 89363 shares. Further, Muzinich & Company reported stake worth 1.69% of its portfolio. The VA Yorktown Management & Research Co Inc owns 590000 shares. Thl Credit, Inc is 1.07% of its portfolio.

Business Profile

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 lower middle market companies. The Company is a direct lender to lower middle-market companies and invests primarily in directly originated first lien senior secured loans, including unitranche investments. In certain instances, it also makes second lien secured loans and subordinated, or mezzanine, debt investments, which may include an associated equity component, such as warrants, preferred stock or similar securities, and direct equity investments. Its first lien senior secured loans may be structured as traditional first lien senior secured loans or as unitranche loans. The Company’s investment activities are managed by THL Credit Advisors LLC.

SEC Form 13G.

Leon Cooperman’s Cooperman Leon G website.

Analysts await THL Credit, Inc. (NASDAQ:TCRD) to report earnings on March, 8. They expect $0.31 EPS, up 10.71 % or $0.03 from last year’s $0.28 per share. TCRD’s profit will be $10.13 million for 6.80 P/E if the $0.31 EPS becomes a reality. After $0.34 actual EPS reported by THL Credit, Inc. for the previous quarter, Wall Street now forecasts -8.82 % negative EPS growth.

The stock decreased 0.24% or $0.02 during the last trading session, reaching $8.43. About 65,129 shares traded. THL Credit, Inc. (NASDAQ:TCRD) has declined 4.64% since February 15, 2017 and is downtrending. It has underperformed by 21.34% the S&P500.

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

Among 8 analysts covering THL Credit (NASDAQ:TCRD), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. THL Credit has $14.50 highest and $10.0 lowest target. $11.75’s average target is 39.38% above currents $8.43 stock price. THL Credit had 22 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Tuesday, August 15 by Jefferies. The rating was upgraded by Wells Fargo to “Outperform” on Monday, April 4. The stock has “Neutral” rating by Citigroup on Friday, August 12. Deutsche Bank maintained THL Credit, Inc. (NASDAQ:TCRD) on Tuesday, August 11 with “Buy” rating. Zacks upgraded the stock to “Hold” rating in Tuesday, August 11 report. The stock of THL Credit, Inc. (NASDAQ:TCRD) has “Neutral” rating given on Friday, August 7 by National Securities. The rating was maintained by Maxim Group with “Buy” on Monday, November 9. The stock has “Buy” rating by Deutsche Bank on Thursday, August 11. The company was maintained on Friday, November 3 by Jefferies. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Friday, February 19 report.

More notable recent THL Credit, Inc. (NASDAQ:TCRD) news were published by: Globenewswire.com which released: “THL Credit Raises $511 Million Collateralized Loan Obligation” on June 15, 2017, also Globenewswire.com with their article: “THL Credit Raises $612 Million Collateralized Loan Obligation” published on December 12, 2017, Seekingalpha.com published: “THL Credit’s (TCRD) CEO Sam Tillinghast on Q2 2017 Results – Earnings Call …” on August 05, 2017. More interesting news about THL Credit, Inc. (NASDAQ:TCRD) were released by: Globenewswire.com and their article: “THL Credit Schedules Earnings Release and Conference Call for the Fourth …” published on February 09, 2018 as well as Globenewswire.com‘s news article titled: “THL Credit Names Managing Director Brian Murphy Head of Capital Markets” with publication date: February 06, 2018.

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