There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on March 14, THL Credit Incorporated's General Counsel & Secretary, Sabrina Rusnak-carlson, invested $19,240.00 into 2,000 shares of TCRD, for a cost per share of $9.62. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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In trading on Wednesday, bargain hunters could buy shares of THL Credit Incorporated ( TCRD - Get Report) and achieve a cost basis even cheaper than Rusnak-carlson, with shares changing hands as low as $9.55 per share. It should be noted that Rusnak-carlson has collected $0.27/share in dividends since the time of their purchase, so they are currently up 2.1% on their purchase from a total return basis. THL Credit Incorporated shares are currently trading off about 0.7% on the day. The chart below shows the one year performance of TCRD shares, versus its 200 day moving average:

THL Credit Incorporated Chart

Looking at the chart above, TCRD's low point in its 52 week range is $8.75 per share, with $11.84 as the 52 week high point — that compares with a last trade of $9.91. By comparison, below is a table showing the prices at which TCRD insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
12/05/2016 Christopher J. Flynn Co-CEO & Co-CIO 2,500 $10.32 $25,809.00
03/14/2017 Sabrina Rusnak-carlson General Counsel & Secretary 2,000 $9.62 $19,240.00
03/14/2017 Christopher J. Flynn Co-CEO 1,500 $9.68 $14,520.00
03/14/2017 James R. Fellows 12,000 $9.69 $116,280.00

The current annualized dividend paid by THL Credit Incorporated is $1.08/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 06/13/2017. Below is a long-term dividend history chart for TCRD, which can be of good help in judging whether the most recent dividend with approx. 10.8% annualized yield is likely to continue.


According to the ETF Finder at ETF Channel, TCRD makes up 1.43% of the BDC Income ETF ( BIZD) which is trading lower by about 1% on the day Wednesday.