Here is What Hedge Funds Think About THL Credit, Inc. (TCRD)

Seeing as THL Credit, Inc. (NASDAQ:TCRD) has encountered falling interest from the smart money, we can see that there were a few hedge funds that decided to sell off their entire stakes in the third quarter. Interestingly, Robert B. Gillam’s McKinley Capital Management said goodbye to the biggest position of the “upper crust” of funds studied by Insider Monkey, worth an estimated $2.3 million in stock, and John Fichthorn’s Dialectic Capital Management was right behind this move, as the fund cut about $0.1 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to THL Credit, Inc. (NASDAQ:TCRD). We will take a look at Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG), Homeowners Choice Inc (NYSE:HCI), Emerge Energy Services LP (NYSE:EMES), and Potbelly Corp (NASDAQ:PBPB). All of these stocks’ market caps are closest to TCRD’s market cap.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $37 million. That figure was $8 million in TCRD’s case. Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) is the most popular stock in this table. On the other hand Emerge Energy Services LP (NYSE:EMES) is the least popular one with only four bullish hedge fund positions. THL Credit, Inc. (NASDAQ:TCRD) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard DFRG might be a better candidate to consider taking a long position in.

Disclosure: none