News coverage about TPG Specialty Lending (NYSE:TSLX) has been trending somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TPG Specialty Lending earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.7801239227134 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
TSLX traded down $0.06 during midday trading on Friday, hitting $17.89. 199,412 shares of the company traded hands, compared to its average volume of 486,209. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73. The company has a market cap of $1,080.57, a price-to-earnings ratio of 8.95, a PEG ratio of 3.28 and a beta of 0.61. TPG Specialty Lending has a 52-week low of $17.00 and a 52-week high of $21.74.
TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $48.80 million for the quarter, compared to the consensus estimate of $49.58 million. TPG Specialty Lending had a net margin of 53.80% and a return on equity of 12.45%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. research analysts forecast that TPG Specialty Lending will post 1.82 EPS for the current year.
The firm also recently declared a special dividend, which was paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th were paid a $0.03 dividend. This represents a dividend yield of 8.52%. The ex-dividend date was Tuesday, February 27th. TPG Specialty Lending’s dividend payout ratio is currently 78.00%.
A number of research analysts have issued reports on TSLX shares. Ladenburg Thalmann upgraded shares of TPG Specialty Lending from a “neutral” rating to a “buy” rating in a research note on Thursday, February 22nd. National Securities upgraded shares of TPG Specialty Lending from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $21.00 in a research note on Monday, February 26th. JMP Securities cut their price objective on shares of TPG Specialty Lending from $22.00 to $21.50 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. SunTrust Banks reiterated a “buy” rating and issued a $21.00 price objective on shares of TPG Specialty Lending in a research note on Friday, February 23rd. Finally, ValuEngine downgraded shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $21.63.
In other news, Director Ronald Tanemura acquired 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The stock was purchased at an average cost of $17.45 per share, for a total transaction of $523,500.00. Following the completion of the transaction, the director now owns 86,516 shares in the company, valued at $1,509,704.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Ross acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were purchased at an average price of $18.40 per share, with a total value of $92,000.00. Following the completion of the transaction, the director now owns 22,701 shares of the company’s stock, valued at approximately $417,698.40. The disclosure for this purchase can be found here. Over the last three months, insiders bought 46,295 shares of company stock worth $822,352. Insiders own 4.90% 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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