Shares of TPG Specialty Lending, Inc. (NYSE:TSLX) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $20.25.
A number of research firms have recently commented on TSLX. BidaskClub downgraded shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Zacks Investment Research downgraded shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $22.00 price objective (up previously from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. JMP Securities upped their price objective on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. Finally, National Securities reaffirmed a “neutral” rating and set a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 7th.
Large investors have recently modified their holdings of the company. Pinebridge Investments L.P. grew its holdings in shares of TPG Specialty Lending by 1.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 94 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of TPG Specialty Lending during the 1st quarter worth about $201,000. Nationwide Fund Advisors purchased a new stake in shares of TPG Specialty Lending during the 3rd quarter worth about $256,000. Koshinski Asset Management Inc. grew its holdings in shares of TPG Specialty Lending by 21.8% during the 2nd quarter. Koshinski Asset Management Inc. now owns 12,850 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 2,300 shares during the period. Finally, Eagle Global Advisors LLC purchased a new stake in shares of TPG Specialty Lending during the 2nd quarter worth about $304,000. Institutional investors and hedge funds own 62.81% of the company’s stock.
TPG Specialty Lending (NYSE:TSLX) opened at 20.35 on Friday. The firm’s 50-day moving average is $20.55 and its 200 day moving average is $20.68. TPG Specialty Lending has a 52 week low of $17.40 and a 52 week high of $21.74.
TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.11. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. The company had revenue of $58.82 million during the quarter, compared to the consensus estimate of $49.41 million. During the same quarter in the prior year, the company posted $0.43 EPS. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities analysts predict that TPG Specialty Lending will post $1.91 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a dividend yield of 7.38%. This is a boost from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s payout ratio is presently 71.89%.
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TPG Specialty Lending Company Profile
TPG Specialty Lending, Inc is an externally managed, closed-end, non-diversified management investment company. The Company is a specialty finance company focused on lending to middle-market companies. It seeks to generate current income primarily in the United States-domiciled middle-market companies through direct originations of senior secured loans and originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.
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