TPG Specialty Lending (TSLX) PT Lowered to $21.50 at JMP Securities

TPG Specialty Lending (NYSE:TSLX) had its target price decreased by investment analysts at JMP Securities from $22.00 to $21.50 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the financial services provider’s stock. JMP Securities’ target price suggests a potential upside of 18.20% from the company’s previous close.

Several other analysts have also weighed in on TSLX. BidaskClub lowered shares of TPG Specialty Lending from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Friday, November 10th. SunTrust Banks reiterated a “buy” rating and set a $22.00 target price on shares of TPG Specialty Lending in a research note on Friday, November 10th. National Securities boosted their target price on shares of TPG Specialty Lending from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, November 13th. Finally, Ladenburg Thalmann Financial Services upgraded shares of TPG Specialty Lending from a “neutral” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. TPG Specialty Lending has an average rating of “Hold” and an average target price of $21.63.

TPG Specialty Lending (NYSE TSLX) traded down $0.12 during mid-day trading on Friday, reaching $18.19. 45,026 shares of the company’s stock traded hands, compared to its average volume of 248,278. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. TPG Specialty Lending has a 12-month low of $17.76 and a 12-month high of $21.74. The company has a market capitalization of $1,090.83, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 3.35 and a beta of 0.57.

TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Wednesday, February 21st. The financial services provider reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. TPG Specialty Lending had a net margin of 53.80% and a return on equity of 12.46%. The firm had revenue of $48.80 million during the quarter, compared to analyst estimates of $49.58 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. equities research analysts predict that TPG Specialty Lending will post 1.8 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Global X MANAGEMENT CO LLC grew its position in shares of TPG Specialty Lending by 37.9% during the third quarter. Global X MANAGEMENT CO LLC now owns 9,454 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 2,600 shares during the last quarter. Raymond James & Associates grew its position in shares of TPG Specialty Lending by 7.4% during the fourth quarter. Raymond James & Associates now owns 39,735 shares of the financial services provider’s stock worth $787,000 after acquiring an additional 2,734 shares during the last quarter. Koshinski Asset Management Inc. grew its position in shares of TPG Specialty Lending by 21.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 16,400 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 2,950 shares during the last quarter. IFG Advisory LLC bought a new position in shares of TPG Specialty Lending during the fourth quarter worth about $209,000. Finally, California Public Employees Retirement System grew its position in shares of TPG Specialty Lending by 10.0% during the fourth quarter. California Public Employees Retirement System now owns 44,200 shares of the financial services provider’s stock worth $875,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 62.89% of the company’s stock.

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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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