TPG Specialty Lending Inc (TSLX) Given Consensus Recommendation of “Hold” by Brokerages

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.

TPG Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. TPG Specialty Lending had a net margin of 56.43% and a return on equity of 12.63%. The business had revenue of $48.86 million during the quarter, compared to analysts’ expectations of $48.58 million. During the same period in the prior year, the company earned $0.51 earnings per share. sell-side analysts anticipate that TPG Specialty Lending will post 2.01 EPS for the current fiscal year.

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.

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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.

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