Zacks Investment Research upgraded shares of THL CREDIT INC (TCRD) from NEUTRAL to OUTPERFORM on October 14, 2014, with a target price of $14.80.
THL Credit Inc. is a newly-organized, externally-managed, non-diversified closed-end management investment company that has filed an election to be treated as a business development 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 invests primarily in private subordinated debt, or mezzanine debt, in middle market companies that require capital for growth and acquisitions. Such investments in many cases include an associated equity component such as warrants, preferred stock or other similar securities. The Company's investment activities are managed by its investment adviser, THL Credit Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on THL CREDIT INC (TCRD),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment