BidaskClub upgraded shares of TPG Specialty Lending, Inc. (NYSE:TSLX) from a buy rating to a strong-buy rating in a research note published on Tuesday, August 1st.
A number of other research firms have also issued reports on TSLX. Zacks Investment Research raised TPG Specialty Lending from a hold rating to a buy rating and set a $23.00 target price on the stock in a report on Tuesday, July 25th. National Securities reaffirmed a neutral rating and issued a $19.00 target price on shares of TPG Specialty Lending in a report on Monday, May 8th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $20.80.
Shares of TPG Specialty Lending (NYSE:TSLX) traded down 1.50% on Tuesday, reaching $20.96. 286,947 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $20.82 and its 200-day moving average price is $20.34. TPG Specialty Lending has a 52 week low of $17.00 and a 52 week high of $21.74.
The company also recently disclosed a special dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a $0.09 dividend. The ex-dividend date is Tuesday, August 29th. This represents a dividend yield of 7.38%. This is an increase from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s dividend payout ratio (DPR) is currently 71.89%.
Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of TPG Specialty Lending by 14.5% in the first quarter. Janney Montgomery Scott LLC now owns 63,522 shares of the financial services provider’s stock worth $1,295,000 after buying an additional 8,024 shares in the last quarter. M&T Bank Corp bought a new position in TPG Specialty Lending during the first quarter valued at approximately $280,000. Bank of America Corp DE increased its position in TPG Specialty Lending by 4.5% in the first quarter. Bank of America Corp DE now owns 218,199 shares of the financial services provider’s stock valued at $4,449,000 after buying an additional 9,369 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in TPG Specialty Lending by 127.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 333,099 shares of the financial services provider’s stock valued at $6,791,000 after buying an additional 186,910 shares during the period. Finally, Mckinley Capital Management LLC Delaware increased its position in TPG Specialty Lending by 4.6% in the first quarter. Mckinley Capital Management LLC Delaware now owns 182,119 shares of the financial services provider’s stock valued at $3,713,000 after buying an additional 8,022 shares during the period. Institutional investors own 64.35% of the company’s stock.
About TPG Specialty Lending
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.
What are top analysts saying about TPG Specialty Lending Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TPG Specialty Lending Inc. and related companies.