William L. Moore
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William L. Moore in Insider trading,

THL Credit Downgraded As Credit Related issues Continue

Deutsche Bank downgraded shares of THL Credit, Inc. TCRD, as the company works through ongoing credit-related issues.

Analyst George Bahamondes indicated that NAV has declined 9 percent since Dec. 31, 2015, despite first lien assets growing from 55 percent of the portfolio to 74 percent. The analyst noted that non-accruals now account for 4 percent of the portfolio, up from 0.1 percent at the end of the first quarter. Source

Shares reached the lower edge of the rising wedge, but stochastics are enetering the oversold territory. So there is probably some growth potential to the upper edge of the wedge.