Shares of TPG Specialty Lending Inc (NYSE:TSLX) have received an average recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $21.33.
TSLX has been the topic of a number of research analyst reports. National Securities boosted their target price on TPG Specialty Lending from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, November 13th. SunTrust Banks restated a “buy” rating and issued a $22.00 target price on shares of TPG Specialty Lending in a research note on Friday, November 10th. Zacks Investment Research downgraded TPG Specialty Lending from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. Finally, BidaskClub downgraded TPG Specialty Lending from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th.
TPG Specialty Lending (NYSE:TSLX) traded up $0.05 during mid-day trading on Wednesday, reaching $20.06. The company’s stock had a trading volume of 128,182 shares, compared to its average volume of 147,173. The firm has a market cap of $1,205.10, a P/E ratio of 10.23, a P/E/G ratio of 3.71 and a beta of 0.67. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.76. TPG Specialty Lending has a fifty-two week low of $18.20 and a fifty-two week high of $21.74.
TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $48.86 million during the quarter, compared to the consensus estimate of $48.58 million. TPG Specialty Lending had a return on equity of 12.63% and a net margin of 56.43%. During the same quarter in the previous year, the business earned $0.51 EPS. equities research analysts expect that TPG Specialty Lending will post 2.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 15th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.56 dividend on an annualized basis and a yield of 7.78%. TPG Specialty Lending’s payout ratio is 79.59%.
A number of hedge funds have recently modified their holdings of the business. Atlantic Trust Group LLC purchased a new position in shares of TPG Specialty Lending during the 3rd quarter valued at $2,100,000. Shelton Capital Management grew its position in shares of TPG Specialty Lending by 16.6% during the 3rd quarter. Shelton Capital Management now owns 58,300 shares of the financial services provider’s stock valued at $1,222,000 after purchasing an additional 8,300 shares in the last quarter. California Public Employees Retirement System grew its position in shares of TPG Specialty Lending by 67.5% during the 3rd quarter. California Public Employees Retirement System now owns 40,200 shares of the financial services provider’s stock valued at $843,000 after purchasing an additional 16,200 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of TPG Specialty Lending by 56.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 88,289 shares of the financial services provider’s stock valued at $1,851,000 after purchasing an additional 31,754 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of TPG Specialty Lending by 19.0% during the 3rd quarter. Mackenzie Financial Corp now owns 66,000 shares of the financial services provider’s stock valued at $1,383,000 after purchasing an additional 10,553 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.
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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