BidaskClub lowered shares of TPG Specialty Lending, Inc. (NYSE:TSLX) from a hold rating to a sell rating in a research note released on Thursday.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised TPG Specialty Lending from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research note on Wednesday, July 5th. SunTrust Banks, Inc. reissued a buy rating and set a $22.00 price objective (up from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. National Securities reissued a neutral rating and set a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 7th. Finally, JMP Securities boosted their price objective on TPG Specialty Lending from $21.50 to $22.00 and gave the stock an outperform rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $21.00.

TPG Specialty Lending (NYSE TSLX) opened at 20.64 on Thursday. TPG Specialty Lending has a 52-week low of $17.40 and a 52-week high of $21.74. The company’s 50-day moving average price is $20.55 and its 200 day moving average price is $20.68.

TPG Specialty Lending (NYSE:TSLX) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. TPG Specialty Lending had a return on equity of 12.68% and a net margin of 60.77%. The company had revenue of $58.82 million for the quarter, compared to the consensus estimate of $49.41 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. Analysts forecast that TPG Specialty Lending will post $1.91 EPS for the current year.

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The firm also recently announced a special dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.09 per share. This is a boost from TPG Specialty Lending’s previous special dividend of $0.04. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a dividend yield of 7.38%. TPG Specialty Lending’s dividend payout ratio is currently 71.89%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio grew its stake in shares of TPG Specialty Lending by 2.2% during the second quarter. Strs Ohio now owns 4,551,809 shares of the financial services provider’s stock valued at $93,084,000 after buying an additional 96,815 shares during the last quarter. Muzinich & Co. Inc. grew its stake in shares of TPG Specialty Lending by 0.7% during the second quarter. Muzinich & Co. Inc. now owns 2,131,705 shares of the financial services provider’s stock valued at $43,593,000 after buying an additional 15,806 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of TPG Specialty Lending by 4.4% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 347,827 shares of the financial services provider’s stock valued at $7,113,000 after buying an additional 14,728 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of TPG Specialty Lending by 13.7% during the second quarter. Van ECK Associates Corp now owns 343,283 shares of the financial services provider’s stock valued at $7,020,000 after buying an additional 41,274 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of TPG Specialty Lending by 27.6% during the second quarter. Advisors Asset Management Inc. now owns 305,545 shares of the financial services provider’s stock valued at $6,248,000 after buying an additional 65,998 shares during the last quarter. 62.65% of the stock is currently owned by hedge funds and other institutional investors.

TPG Specialty Lending Company Profile

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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