Shares of TPG Specialty Lending Inc (NYSE:TSLX) have earned a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.33.
TSLX has been the subject of a number of research reports. SunTrust Banks reaffirmed a “buy” rating and issued a $22.00 target price on shares of TPG Specialty Lending in a report on Friday, November 10th. Zacks Investment Research raised 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 report on Friday, November 10th. BidaskClub cut shares of TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 31st. Finally, National Securities upped their target price on shares of TPG Specialty Lending from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, November 13th.
Shares of TPG Specialty Lending (TSLX) opened at $20.17 on Friday. TPG Specialty Lending has a 1-year low of $18.20 and a 1-year high of $21.74. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.58. The company has a market cap of $1,220.00, a PE ratio of 10.24, a PEG ratio of 3.43 and a beta of 0.67.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a $0.39 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.73%. TPG Specialty Lending’s payout ratio is 79.59%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. raised its holdings in TPG Specialty Lending by 1.9% during the second quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 94 shares in the last quarter. Global X MANAGEMENT CO LLC raised its holdings in 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 purchasing an additional 2,600 shares in the last quarter. Nationwide Fund Advisors purchased a new position in TPG Specialty Lending during the third quarter worth about $256,000. California Public Employees Retirement System purchased a new position in TPG Specialty Lending during the second quarter worth about $491,000. Finally, Alps Advisors Inc. raised its holdings in TPG Specialty Lending by 0.3% during the second quarter. Alps Advisors Inc. now owns 24,051 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 62 shares in the last quarter. 63.07% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “TPG Specialty Lending Inc (TSLX) Given Consensus Recommendation of “Hold” by Brokerages” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.com-unik.info/2017/12/16/tpg-specialty-lending-inc-tslx-given-consensus-recommendation-of-hold-by-brokerages.html.
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? - 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 and related companies.