According to Zacks, “TPG Specialty Lending, Inc. is a specialty finance company. It is focused on providing fully-underwritten capital solutions to middle market companies. The Company specializes in standalone first-lien loans, standalone second-lien loans, mezzanine loans, unitranche loans. TPG Specialty Lending, Inc. is based in Fort Worth, Texas. “
A number of other research firms have also recently commented on TSLX. TheStreet cut TPG Specialty Lending from a buy rating to a hold rating in a research report on Tuesday, September 20th. Citigroup Inc. upped their price target on TPG Specialty Lending from $16.00 to $17.00 and gave the stock a neutral rating in a research report on Friday, August 12th. JPMorgan Chase & Co. upped their price target on TPG Specialty Lending from $17.00 to $17.50 and gave the stock a neutral rating in a research report on Friday, August 5th. National Securities restated a buy rating and issued a $18.00 price target on shares of TPG Specialty Lending in a research report on Friday, August 5th. Finally, JMP Securities upgraded TPG Specialty Lending from a market perform rating to an outperform rating and set a $18.50 price target for the company in a research report on Friday, August 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. TPG Specialty Lending has an average rating of Buy and a consensus price target of $18.50.
TPG Specialty Lending (NYSE:TSLX) opened at 17.84 on Thursday. TPG Specialty Lending has a one year low of $15.11 and a one year high of $18.79. The company’s 50 day moving average price is $18.14 and its 200-day moving average price is $17.12.
TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company earned $46.03 million during the quarter, compared to analysts’ expectations of $45.12 million. TPG Specialty Lending had a return on equity of 11.27% and a net margin of 40.42%. TPG Specialty Lending’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. On average, equities analysts anticipate that TPG Specialty Lending will post $1.70 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.74%. The ex-dividend date of this dividend is Wednesday, September 28th. TPG Specialty Lending’s dividend payout ratio (DPR) is 124.80%.
In other TPG Specialty Lending news, CFO Ian Simmonds acquired 2,150 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was purchased at an average price of $18.15 per share, with a total value of $39,022.50. Following the completion of the purchase, the chief financial officer now directly owns 2,150 shares in the company, valued at approximately $39,022.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in TSLX. GSA Capital Partners LLP purchased a new position in shares of TPG Specialty Lending during the second quarter worth approximately $185,000. Nomura Holdings Inc. purchased a new position in shares of TPG Specialty Lending during the second quarter worth approximately $244,000. PineBridge Investments L.P. raised its position in shares of TPG Specialty Lending by 188.7% in the second quarter. PineBridge Investments L.P. now owns 15,558 shares of the company’s stock worth $258,000 after buying an additional 10,169 shares during the last quarter. Zacks Investment Management purchased a new position in shares of TPG Specialty Lending during the second quarter worth approximately $324,000. Finally, First Trust Advisors LP purchased a new position in shares of TPG Specialty Lending during the second quarter worth approximately $343,000. 59.54% of the stock is owned by institutional investors.
TPG Specialty Lending Company Profile
TPG Specialty Lending, Inc (TSL) 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, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities.
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