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THL Credit

Nasdaq:TCRD
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TCRD
Nasdaq
$72M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

THL Credit, Inc. is a business development company specializing in direct and fund of fund investments. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • THL Credit is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • THL Credit has significant price volatility in the past 3 months.
TCRD Share Price and Events
7 Day Returns
10.5%
NasdaqGS:TCRD
9.3%
US Capital Markets
8%
US Market
1 Year Returns
-63.2%
NasdaqGS:TCRD
-6.8%
US Capital Markets
-8.1%
US Market
TCRD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
THL Credit (TCRD) 10.5% -47.9% -62% -63.2% -75.6% -80.1%
US Capital Markets 9.3% -1.9% -20% -6.8% 12.1% 28.4%
US Market 8% -4.5% -17.8% -8.1% 13.2% 23.7%
1 Year Return vs Industry and Market
  • TCRD underperformed the Capital Markets industry which returned -6.8% over the past year.
  • TCRD underperformed the Market in United States of America which returned -8.1% over the past year.
Price Volatility
TCRD
Industry
5yr Volatility vs Market

Value

 Is THL Credit undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for THL Credit. This is due to cash flow or dividend data being unavailable. The share price is $2.43.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for THL Credit's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are THL Credit's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:TCRD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.79
NasdaqGS:TCRD Share Price ** NasdaqGS (2020-04-08) in USD $2.43
United States of America Capital Markets Industry PE Ratio Median Figure of 92 Publicly-Listed Capital Markets Companies 34.33x
United States of America Market PE Ratio Median Figure of 2,949 Publicly-Listed Companies 13.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of THL Credit.

NasdaqGS:TCRD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TCRD Share Price ÷ EPS (both in USD)

= 2.43 ÷ -0.79

-3.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • THL Credit is loss making, we can't compare its value to the US Capital Markets industry average.
  • THL Credit is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does THL Credit's expected growth come at a high price?
Raw Data
NasdaqGS:TCRD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
101.8%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 1.68x
United States of America Market PEG Ratio Median Figure of 2,009 Publicly-Listed Companies 0.9x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for THL Credit, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on THL Credit's assets?
Raw Data
NasdaqGS:TCRD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $7.64
NasdaqGS:TCRD Share Price * NasdaqGS (2020-04-08) in USD $2.43
United States of America Capital Markets Industry PB Ratio Median Figure of 192 Publicly-Listed Capital Markets Companies 8.6x
United States of America Market PB Ratio Median Figure of 5,163 Publicly-Listed Companies 1.29x
NasdaqGS:TCRD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TCRD Share Price ÷ Book Value per Share (both in USD)

= 2.43 ÷ 7.64

0.32x

* Primary Listing of THL Credit.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • THL Credit is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess THL Credit's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. THL Credit has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is THL Credit expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
101.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is THL Credit expected to grow at an attractive rate?
  • THL Credit's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • THL Credit's earnings growth is expected to exceed the United States of America market average.
  • THL Credit's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:TCRD Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:TCRD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 101.8%
NasdaqGS:TCRD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -14.6%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:TCRD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:TCRD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 40 -15 18 4
2020-12-31 39 -20 20 4
2020-04-09
NasdaqGS:TCRD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 52 -25
2019-09-30 58 95 -32
2019-06-30 61 72 -28
2019-03-31 64 88 -17
2018-12-31 67 100 -11
2018-09-30 70 113 -6
2018-06-30 74 104 -7
2018-03-31 76 80 -7
2017-12-31 79 53 -8
2017-09-30 80 34 19
2017-06-30 82 41 24
2017-03-31 82 61 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • THL Credit's earnings are expected to grow significantly at over 20% yearly.
  • THL Credit's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:TCRD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from THL Credit Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TCRD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.63 0.73 0.50 5.00
2020-12-31 0.62 0.78 0.39 4.00
2020-04-09
NasdaqGS:TCRD Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.79
2019-09-30 -1.01
2019-06-30 -0.87
2019-03-31 -0.51
2018-12-31 -0.32
2018-09-30 -0.18
2018-06-30 -0.20
2018-03-31 -0.21
2017-12-31 -0.24
2017-09-30 0.56
2017-06-30 0.74
2017-03-31 0.68

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • THL Credit is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess THL Credit's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
THL Credit has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has THL Credit performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare THL Credit's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • THL Credit does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare THL Credit's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare THL Credit's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
THL Credit's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from THL Credit Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TCRD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 52.49 -24.61 10.58
2019-09-30 58.17 -32.29 11.95
2019-06-30 61.45 -27.96 13.25
2019-03-31 64.45 -16.75 14.49
2018-12-31 66.94 -10.60 15.03
2018-09-30 69.70 -6.02 15.67
2018-06-30 73.74 -6.56 16.70
2018-03-31 75.66 -6.82 18.34
2017-12-31 78.77 -7.90 20.14
2017-09-30 80.16 18.56 22.34
2017-06-30 81.61 24.34 24.85
2017-03-31 81.82 22.40 24.07
2016-12-31 84.59 17.15 23.51
2016-09-30 88.18 5.23 25.26
2016-06-30 89.73 -2.06 26.00
2016-03-31 93.01 12.66 29.36
2015-12-31 94.20 28.22 32.41
2015-09-30 94.77 36.93 32.98
2015-06-30 94.80 46.15 33.04
2015-03-31 94.80 41.37 32.50
2014-12-31 91.93 36.79 31.57
2014-09-30 86.28 42.77 30.05
2014-06-30 82.20 38.71 27.91
2014-03-31 81.12 45.05 27.45
2013-12-31 74.65 42.68 25.66
2013-09-30 72.54 41.76 24.18
2013-06-30 67.71 40.17 22.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if THL Credit has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if THL Credit has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if THL Credit improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess THL Credit's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
THL Credit has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is THL Credit's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up THL Credit's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • THL Credit is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • THL Credit's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of THL Credit's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from THL Credit Company Filings, last reported 3 months ago.

NasdaqGS:TCRD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 229.46 175.03 5.89
2019-09-30 255.07 177.83 14.28
2019-06-30 266.79 211.22 4.04
2019-03-31 287.78 225.49 2.51
2018-12-31 295.68 215.72 6.86
2018-09-30 330.09 220.48 6.56
2018-06-30 334.26 250.55 12.55
2018-03-31 341.55 275.94 3.25
2017-12-31 344.03 274.33 3.62
2017-09-30 371.40 293.20 3.55
2017-06-30 377.10 305.84 3.92
2017-03-31 386.17 313.03 2.49
2016-12-31 389.82 288.05 6.38
2016-09-30 392.71 284.27 4.26
2016-06-30 394.10 303.95 4.01
2016-03-31 407.04 332.75 5.62
2015-12-31 418.90 338.76 3.85
2015-09-30 434.52 325.82 10.71
2015-06-30 446.50 333.21 7.80
2015-03-31 447.66 312.25 7.52
2014-12-31 443.62 345.06 2.66
2014-09-30 450.43 281.72 7.11
2014-06-30 450.15 314.18 22.22
2014-03-31 452.40 305.58 13.95
2013-12-31 452.94 204.58 7.83
2013-09-30 453.78 126.21 10.01
2013-06-30 460.30 70.07 34.38
  • THL Credit's level of debt (76.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (77.7% vs 76.3% today).
  • Debt is well covered by operating cash flow (54.1%, greater than 20% of total debt).
  • THL Credit is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess THL Credit's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. THL Credit has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is THL Credit's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
34.57%
Current annual income from THL Credit dividends. Estimated to be 26.91% next year.
If you bought $2,000 of THL Credit shares you are expected to receive $691 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • THL Credit's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.89%).
  • THL Credit's dividend is above the markets top 25% of dividend payers in United States of America (5.26%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:TCRD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1933 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:TCRD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.62 5.00
2020-12-31 0.68 5.00
2020-04-09
NasdaqGS:TCRD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-05 0.840 33.144
2019-08-08 0.840 12.663
2019-05-09 0.840 12.661
2019-03-06 0.840 12.551
2018-11-07 1.080 15.914
2018-08-08 1.080 13.315
2018-03-06 1.080 13.567
2017-11-09 1.080 12.015
2017-08-03 1.080 11.622
2017-05-04 1.080 10.868
2017-03-06 1.260 12.744
2016-11-09 1.080 10.571
2016-08-04 1.360 14.023
2016-05-05 1.360 12.319
2016-01-11 1.320 13.029
2015-11-05 1.360 12.165
2015-08-06 1.360 11.545
2015-05-11 1.360 11.404
2015-03-10 1.360 11.148
2014-08-11 1.360 10.903
2014-05-12 1.440 10.673
2014-03-05 1.440 10.423
2013-11-04 1.440 8.908
2013-08-06 1.440 9.157
2013-05-06 1.360 8.872
2013-03-04 1.320 8.780
2012-11-06 1.320 9.021
2012-07-30 1.280 9.149
2012-05-03 1.200 9.194
2012-03-08 1.160 9.064
2011-11-01 1.120 9.069
2011-08-01 1.040 9.143
2011-05-09 1.000 7.657
2011-03-14 0.920 6.720
2010-12-15 0.600 4.552
2010-11-09 0.400 3.073
2010-08-09 0.200 1.659

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of THL Credit's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess THL Credit's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can THL Credit afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. THL Credit has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of THL Credit's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Flynn
COMPENSATION $0
AGE 46
TENURE AS CEO 5.8 years
CEO Bio

Mr. Christopher J. Flynn, also known as Chris, serves as Co-Chief Executive Officer at THL Credit Advisors LLC. Previously, he was the Co-President, Co-Chief Investment Officer and Managing Director of the firm. Since joining THL Credit, Mr. Flynn has been involved in origination and closing investments, portfolio management, capital raising and management of THL Credit's direct lending private funds and accounts and the establishment of the Chicago and New York offices of THL Credit's Direct Lending platform. Mr. Flynn manages capital markets actively as it relates to syndications. He leads both transaction origination for the Northeast and Central regions and underwriting, execution and portfolio management for the Boston investment team. He was Co-Chief Executive Officer of THL Credit Senior Loan Strategies LLC. Prior to joining THL Credit in June 2007, Mr. Flynn worked at AIG Global Investments Group (AIGGIG) where he was a Vice President of the Leveraged Capital Group where he joined in February 2005. He served as Managing Director of THL Credit. Inc. Prior to AIGGIG, Mr. Flynn served as a Senior Financial Analyst for Black Diamond Capital Management where he was responsible for underwriting new debt investment opportunities as well as monitoring a portfolio of leveraged loans. From 2000 to 2003, Mr. Flynn worked in a variety of roles at GE Capital, lastly as an Assistant Vice President within the Capital Markets Syndication Group. Prior to joining GE Capital, he worked at BNP Paribas as a Financial Analyst and at Bank One as a Commercial Banker. Mr. Flynn maintains a Board Observer role for Airborne Tactical Advantage Company, LLC, Country Pure Foods, Inc., Express Courier International Inc., Marine Holdings, Inc., IMDS Corporation, Sheplers, Inc., and Surgery Center Holdings, Inc. He is a Member of the Board of Directors of THL Credit Logan JV LLC. He earned an M.B.A. with a concentration in Finance and Strategy from Northwestern University's Kellogg Graduate School of Business and a B.A. in Finance from DePaul University.

CEO Compensation
  • Insufficient data for Chris to compare compensation growth.
  • Insufficient data for Chris to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Chris Flynn

TITLE
CEO & Director
AGE
46
TENURE
5.8 yrs

Terry Olson

TITLE
Assistant Secretary
AGE
52

Lauren Vieira

TITLE
IR contact
TENURE
3.3 yrs

Sabrina Rusnak-Carlson

TITLE
Chief Compliance Officer
AGE
40

Howard Wu

TITLE
Co-Head of Direct Lending and Director
AGE
40

Brian Good

TITLE
Co-Head

James Fellows

TITLE
Chief Investment Officer
Board of Directors Tenure

Average tenure and age of the THL Credit board of directors in years:

4.6
Average Tenure
60.5
Average Age
  • The tenure for the THL Credit board of directors is about average.
Board of Directors

Nancy Hawthorne

TITLE
Chairman of the Board
COMPENSATION
$168K
AGE
68
TENURE
4.4 yrs

Chris Flynn

TITLE
CEO & Director
AGE
46
TENURE
5.1 yrs

Jim Kern

TITLE
Director
COMPENSATION
$134K
AGE
52
TENURE
5.3 yrs

Debbie McAneny

TITLE
Director
COMPENSATION
$144K
AGE
60
TENURE
4.8 yrs

Edmund Giambastiani

TITLE
Director
COMPENSATION
$129K
AGE
70
TENURE
3.3 yrs

Jane Nelson

TITLE
Director
COMPENSATION
$93K
AGE
61
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by THL Credit individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Mar 20 Buy W. Cook Individual 10. Mar 20 16. Mar 20 40,153 $4.65 $152,345
26. Mar 20 Buy Steven Krull Individual 13. Mar 20 13. Mar 20 500 $3.75 $1,875
26. Mar 20 Buy Robert Hickey Individual 16. Mar 20 16. Mar 20 10,000 $2.81 $28,021
26. Mar 20 Buy James Fellows Individual 16. Mar 20 16. Mar 20 32,000 $3.10 $98,957
26. Mar 20 Buy Michael Herzig Individual 12. Mar 20 16. Mar 20 4,000 $3.20 $11,732
26. Mar 20 Buy Sabrina Rusnak-Carlson Individual 16. Mar 20 16. Mar 20 5,300 $2.83 $14,998
26. Mar 20 Buy Christopher Flynn Individual 10. Mar 20 16. Mar 20 26,700 $4.79 $98,884
16. Mar 20 Buy Sabrina Rusnak-Carlson Individual 16. Mar 20 16. Mar 20 5,300 $2.80 $14,840
16. Mar 20 Buy Christopher Flynn Individual 16. Mar 20 16. Mar 20 8,000 $2.87 $22,960
16. Mar 20 Buy Mehdi Mahmud Individual 13. Mar 20 13. Mar 20 37,266 $3.70 $137,884
13. Mar 20 Buy Christopher Flynn Individual 10. Mar 20 10. Mar 20 7,500 $3.20 $24,000
13. Mar 20 Buy James Fellows Individual 12. Mar 20 12. Mar 20 32,000 $3.10 $99,200
11. Mar 20 Buy Christopher Flynn Individual 10. Mar 20 10. Mar 20 11,200 $4.63 $51,856
30. May 19 Buy Edmund Giambastiani Individual 29. May 19 29. May 19 1,440 $6.70 $9,648
X
Management checks
We assess THL Credit's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. THL Credit has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

THL Credit, Inc. is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers. The fund does not intend to invest in start-up companies, operationally distressed situations, or companies with speculative business plans. The fund invests primarily in debt securities, including unsecured subordinated or mezzanine debt and second lien secured debt, which may include an associated equity component such as warrants, preferred stock, options to buy minority interest, and other similar securities. Its investments may also include high-yield bonds, private equity investments, securities of public companies that are broadly traded, and securities of non-United States companies. It seeks to invest in outsourced business services, healthcare, financials, retailing, media, and consumer discretionary. The fund may make direct equity investments, including equity investments into or through funds, and also selectively invest in syndicated first lien secured loans, including unitranche investments. It seeks to invest between $10 million and $25 million of capital per transaction in companies with annual revenues ranging from $25 million to $500 million and annual EBITDA between $5 million and $25 million. The fund prefers to be a lead or sole investor in a transaction.

Details
Name: THL Credit, Inc.
TCRD
Exchange: NasdaqGS
Founded: 2009
$72,202,383
29,712,915
Website: http://www.thlcredit.com
Address: THL Credit, Inc.
100 Federal Street,
31st Floor,
Boston,
Massachusetts, 02110,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TCRD Common Stock Nasdaq Global Select US USD 22. Apr 2010
DB 27T Common Stock Deutsche Boerse AG DE EUR 22. Apr 2010
Number of employees
Current staff
Staff numbers
0
THL Credit employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 03:56
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/03/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.