Private Credit Offers No Extra Gains After Fees, New Study Finds [BNN Bloomberg (Canada)]
Thryv Holdings, Inc. (THRY)
Company Research
Source: BNN Bloomberg
In a new study released by the National Bureau of Economic Research, the professors argued that direct lenders on the whole hardly produce any alpha — or extra compensation over broad market benchmarks. That conclusion is sure to be controversial in a market that has more than doubled in size over the past five years thanks to the allure of higher and steadier returns compared to publicly traded debt. Read More: Why Is Private Credit Booming? How Long Can It Last?: QuickTake “It's not a panacea for investors where they can earn 15% risk-free,” said Michael Weisbach, a finance professor at Ohio State University who co-wrote the research with Isil Erel and Thomas Flanagan. “Once you adjust for the risk, they basically are getting the amount they deserve, but no more.” Behind the research is complex math to try to untangle the alpha part of a return that's down to skill, and the beta part that might just come from stumbling into a bull market. While comparing stock pickers to a
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News
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- Thryv to Participate in Upcoming Investor ConferencesBusiness Wire
- Thryv Holdings, Inc. (NASDAQ: THRY) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $28.00 price target on the stock.MarketBeat
- Is Thryv Holdings (THRY) on Track to be More Profitable? [Yahoo! Finance]Yahoo! Finance
THRY
Earnings
- 5/2/24 - Miss
THRY
Sec Filings
- 5/7/24 - Form 144/A
- 5/7/24 - Form 4
- 5/7/24 - Form 144
- THRY's page on the SEC website