TPG Specialty Lending, Inc. (NYSE:TSLX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, July 25th. The firm presently has a $23.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 7.83% from the stock’s previous close.
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. “
A number of other analysts have also recently weighed in on TSLX. BidaskClub cut shares of TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 20th. National Securities reaffirmed a “neutral” rating and set a $19.00 price target on shares of TPG Specialty Lending in a research report on Monday, May 8th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. TPG Specialty Lending has a consensus rating of “Buy” and an average target price of $20.17.
TPG Specialty Lending (TSLX) opened at 21.33 on Tuesday. TPG Specialty Lending has a 12 month low of $17.00 and a 12 month high of $21.62. The company has a 50-day moving average price of $20.70 and a 200 day moving average price of $20.24.
TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $58.82 million during the quarter, compared to analysts’ expectations of $49.41 million. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 27.8% on a year-over-year basis. Equities analysts expect that TPG Specialty Lending will post $1.91 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. Oxford Asset Management purchased a new position in shares of TPG Specialty Lending during the first quarter worth approximately $715,000. CIBC World Markets Inc. raised its position in shares of TPG Specialty Lending by 107.4% in the first quarter. CIBC World Markets Inc. now owns 23,681 shares of the financial services provider’s stock worth $483,000 after buying an additional 12,262 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of TPG Specialty Lending during the first quarter worth approximately $201,000. Advisors Asset Management Inc. raised its position in shares of TPG Specialty Lending by 28.1% in the first quarter. Advisors Asset Management Inc. now owns 239,547 shares of the financial services provider’s stock worth $4,884,000 after buying an additional 52,528 shares in the last quarter. Finally, LSV Asset Management purchased a new position in shares of TPG Specialty Lending during the first quarter worth approximately $850,000. Hedge funds and other institutional investors own 64.35% 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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