Zacks Investment Research Upgrades TPG Specialty Lending, Inc. (TSLX) to Buy

TPG Specialty Lending, Inc. (NYSE:TSLX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage currently has a $23.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.02% from the stock’s current price.

According to Zacks, “TPG Specialty Lending, Inc. is a specialty finance company. It is focused on providing fully-underwritten capital solutions to middle market companies. The Company specializes in standalone first-lien loans, standalone second-lien loans, mezzanine loans, unitranche loans. TPG Specialty Lending, Inc. is based in Fort Worth, Texas. “

Several other equities analysts have also recently commented on the stock. BidaskClub cut shares of TPG Specialty Lending from a “sell” rating to a “strong sell” rating in a research report on Thursday. SunTrust Banks, Inc. reiterated 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 increased their price objective on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Finally, National Securities reiterated a “neutral” rating and set a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. TPG Specialty Lending has a consensus rating of “Hold” and an average target price of $21.50.

TPG Specialty Lending (TSLX) opened at $20.35 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.83 and a current ratio of 0.76. TPG Specialty Lending has a 12-month low of $17.73 and a 12-month high of $21.74. The company has a market cap of $1,225.58, a PE ratio of 10.07, a PEG ratio of 3.40 and a beta of 0.69.

TPG Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.43 by $0.08. TPG Specialty Lending had a net margin of 56.43% and a return on equity of 12.63%. The business had revenue of $48.86 million for the quarter, compared to analysts’ expectations of $48.58 million. During the same quarter last year, the company posted $0.51 earnings per share. research analysts forecast that TPG Specialty Lending will post 1.99 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSLX. Ameriprise Financial Inc. acquired a new stake in TPG Specialty Lending during the first quarter worth about $201,000. Bank of America Corp DE raised its stake in TPG Specialty Lending by 4.5% during the first quarter. Bank of America Corp DE now owns 218,199 shares of the financial services provider’s stock worth $4,449,000 after acquiring an additional 9,369 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of TPG Specialty Lending by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 41,617 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 2,396 shares during the period. James Investment Research Inc. acquired a new stake in shares of TPG Specialty Lending in the second quarter valued at approximately $1,229,000. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of TPG Specialty Lending by 4.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 347,827 shares of the financial services provider’s stock valued at $7,113,000 after purchasing an additional 14,728 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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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