Is Selling Stock Like THL Credit, Inc. (TCRD) After This Multiple Bottom Pattern Winning Strategy?

September 8, 2018 - By Mary Kidd

Investors sentiment increased to 1.27 in 2018 Q1. Its up 0.30, from 0.97 in 2017Q4. It is positive, as 8 investors sold THL Credit, Inc. shares while 18 reduced holdings. 11 funds opened positions while 22 raised stakes. 12.21 million shares or 1.93% more from 11.98 million shares in 2017Q4 were reported.
Janney Montgomery Scott Limited Company holds 18,490 shares or 0% of its portfolio. Manufacturers Life Company The, Ontario – Canada-based fund reported 1,057 shares. Virtu Financial Lc owns 0.01% invested in THL Credit, Inc. (NASDAQ:TCRD) for 17,681 shares. Private Advisor Grp Limited Liability Corp owns 49,751 shares for 0.02% of their portfolio. Wells Fargo Mn accumulated 63,709 shares. West Family Inc invested in 675,305 shares or 1.39% of the stock. Invesco Ltd, a Georgia-based fund reported 982,815 shares. First Allied Advisory Svcs owns 14,506 shares or 0% of their US portfolio. Freestone Holdg Ltd Liability Company stated it has 312,093 shares. Athena Cap Advsrs Limited Liability Corporation owns 298,285 shares for 0.58% of their portfolio. Cibc World Markets has invested 0% in THL Credit, Inc. (NASDAQ:TCRD). Howe And Rusling Inc has 520 shares. Horizon Invs Ltd Liability invested in 0% or 11,709 shares. Founders Secs Lc owns 11,428 shares. Citigroup Inc has 0% invested in THL Credit, Inc. (NASDAQ:TCRD).

Since March 9, 2018, it had 13 buys, and 1 insider sale for $6.11 million activity. Shares for $461,217 were bought by Olson Terrence W. on Thursday, July 5. Another trade for 1,500 shares valued at $12,336 was made by Flynn Christopher J. on Monday, March 12. Tillinghast Sam W. sold $327,582 worth of THL Credit, Inc. (NASDAQ:TCRD) on Wednesday, March 14. Fellows James R bought $124,344 worth of THL Credit, Inc. (NASDAQ:TCRD) on Monday, March 12.

The stock of THL Credit, Inc. (TCRD) shows a multiple bottoms pattern with $8.25 target or 4.00 % below today’s $8.59 share price. The 5 months chart pattern indicates high risk for the $280.67 million company. It was reported on Sep, 8 by Finviz.com. If the $8.25 price target is reached, the company will be worth $11.23M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 0.46% or $0.04 during the last trading session, reaching $8.59. About 122,072 shares traded. THL Credit, Inc. (NASDAQ:TCRD) has declined 20.63% since September 8, 2017 and is downtrending. It has underperformed by 33.20% the S&P500.

Analysts await THL Credit, Inc. (NASDAQ:TCRD) to report earnings on November, 8. They expect $0.28 EPS, down 17.65 % or $0.06 from last year’s $0.34 per share. TCRD’s profit will be $9.15M for 7.67 P/E if the $0.28 EPS becomes a reality. After $0.31 actual EPS reported by THL Credit, Inc. for the previous quarter, Wall Street now forecasts -9.68 % negative EPS growth.

Another recent and important THL Credit, Inc. (NASDAQ:TCRD) news was published by Nasdaq.com which published an article titled: “New Research: Key Drivers of Growth for comScore, Fonar, FibroGen, Resolute Energy, National Commerce, and THL …” on August 15, 2018.

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

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