TPG Specialty Lending (NYSE:TSLX) had its target price boosted by Bank of America from $20.00 to $22.00 in a report published on Friday morning, MarketBeat reports. They currently have a buy rating on the financial services provider’s stock.
Several other research analysts have also weighed in on the company. Zacks Investment Research lowered TPG Specialty Lending from a strong-buy rating to a hold rating in a research report on Thursday, November 1st. ValuEngine lowered TPG Specialty Lending from a hold rating to a sell rating in a report on Monday, October 8th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $21.43.
Shares of NYSE:TSLX traded up $0.31 during trading on Friday, hitting $21.00. 391,216 shares of the company were exchanged, compared to its average volume of 273,240. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 5.01 and a beta of 0.62. TPG Specialty Lending has a fifty-two week low of $17.00 and a fifty-two week high of $21.24. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 0.82.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date of this dividend is Thursday, December 13th. TPG Specialty Lending’s payout ratio is presently 78.00%.
In other TPG Specialty Lending news, Director Richard A. Higginbotham bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were acquired at an average cost of $19.73 per share, with a total value of $39,460.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $394,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of TPG Specialty Lending by 69.5% during the 3rd quarter. FMR LLC now owns 3,968,872 shares of the financial services provider’s stock worth $80,925,000 after acquiring an additional 1,627,555 shares during the last quarter. Artemis Investment Management LLP acquired a new position in shares of TPG Specialty Lending during the 3rd quarter worth approximately $5,364,000. Cliffwater LLC increased its holdings in shares of TPG Specialty Lending by 77.0% during the 3rd quarter. Cliffwater LLC now owns 406,711 shares of the financial services provider’s stock worth $8,293,000 after acquiring an additional 176,981 shares during the last quarter. LSV Asset Management increased its holdings in shares of TPG Specialty Lending by 6.2% during the 3rd quarter. LSV Asset Management now owns 620,700 shares of the financial services provider’s stock worth $12,656,000 after acquiring an additional 36,300 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of TPG Specialty Lending by 5.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 59,071 shares of the financial services provider’s stock worth $1,204,000 after acquiring an additional 3,117 shares during the last quarter. 60.83% of the stock is currently owned by institutional investors and hedge funds.
TPG Specialty Lending Company Profile
TPG Specialty Lending, Inc is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.
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