Analysts Set TPG Specialty Lending Inc (TSLX) Target Price at $21.50

TPG Specialty Lending Inc (NYSE:TSLX) has been assigned a consensus rating of “Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.50.

TSLX has been the topic of several research reports. Zacks Investment Research cut TPG Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 1st. National Securities upped their price objective on TPG Specialty Lending from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 12th. Finally, Bank of America increased their price target on TPG Specialty Lending from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 9th.

NYSE TSLX traded up $0.27 on Thursday, hitting $20.99. 733,747 shares of the stock traded hands, compared to its average volume of 241,607. TPG Specialty Lending has a twelve month low of $17.00 and a twelve month high of $21.24. The stock has a market capitalization of $1.34 billion, a P/E ratio of 10.50, a PEG ratio of 5.06 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.82.

TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Wednesday, February 20th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.15. TPG Specialty Lending had a return on equity of 12.21% and a net margin of 55.73%. The firm had revenue of $74.70 million for the quarter, compared to analysts’ expectations of $65.29 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. TPG Specialty Lending’s revenue for the quarter was up 53.1% compared to the same quarter last year. On average, analysts anticipate that TPG Specialty Lending will post 2.1 EPS for the current year.

The business also recently declared a special dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.12 per share. This represents a dividend yield of 7.43%. This is a boost from TPG Specialty Lending’s previous special dividend of $0.05. The ex-dividend date is Wednesday, February 27th. TPG Specialty Lending’s dividend payout ratio is presently 78.00%.

Several institutional investors have recently made changes to their positions in the company. Strs Ohio raised its position in shares of TPG Specialty Lending by 2.1% during the 4th quarter. Strs Ohio now owns 5,238,665 shares of the financial services provider’s stock worth $94,767,000 after purchasing an additional 105,853 shares during the period. FMR LLC raised its position 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 purchasing an additional 1,627,555 shares during the period. Delphi Financial Group Inc. raised its position in shares of TPG Specialty Lending by 2.5% during the 4th quarter. Delphi Financial Group Inc. now owns 1,519,224 shares of the financial services provider’s stock worth $27,498,000 after purchasing an additional 37,200 shares during the period. Sound Income Strategies LLC raised its position in shares of TPG Specialty Lending by 3.9% during the 4th quarter. Sound Income Strategies LLC now owns 760,987 shares of the financial services provider’s stock worth $14,489,000 after purchasing an additional 28,272 shares during the period. Finally, LSV Asset Management raised its position in shares of TPG Specialty Lending by 15.6% during the 4th quarter. LSV Asset Management now owns 717,800 shares of the financial services provider’s stock worth $12,985,000 after purchasing an additional 97,100 shares during the period. Institutional investors and hedge funds own 61.00% of the company’s stock.

About TPG Specialty Lending

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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Analyst Recommendations for TPG Specialty Lending (NYSE:TSLX)

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