Blackrock Taxable Municipal Bond Trust (BBN) and TPG Specialty Lending (TSLX) Financial Comparison
Blackrock Taxable Municipal Bond Trust (NYSE: BBN) and TPG Specialty Lending (NYSE:TSLX) are both financials companies, but which is the better stock? We will compare the two companies based on the strength of their valuation, earnings, analyst recommendations, institutional ownership, dividends, risk and profitability.
This is a summary of current ratings and price targets for Blackrock Taxable Municipal Bond Trust and TPG Specialty Lending, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Blackrock Taxable Municipal Bond Trust||0||0||0||0||N/A|
|TPG Specialty Lending||0||2||2||0||2.50|
TPG Specialty Lending has a consensus target price of $20.25, suggesting a potential downside of 2.74%. Given TPG Specialty Lending’s higher probable upside, analysts clearly believe TPG Specialty Lending is more favorable than Blackrock Taxable Municipal Bond Trust.
TPG Specialty Lending pays an annual dividend of $1.56 per share and has a dividend yield of 7.5%. Blackrock Taxable Municipal Bond Trust does not pay a dividend. TPG Specialty Lending pays out 71.9% of its earnings in the form of a dividend.
This table compares Blackrock Taxable Municipal Bond Trust and TPG Specialty Lending’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Blackrock Taxable Municipal Bond Trust||N/A||N/A||N/A|
|TPG Specialty Lending||60.77%||12.68%||7.41%|
Institutional and Insider Ownership
62.7% of TPG Specialty Lending shares are owned by institutional investors. 4.9% of TPG Specialty Lending shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Earnings & Valuation
This table compares Blackrock Taxable Municipal Bond Trust and TPG Specialty Lending’s revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Blackrock Taxable Municipal Bond Trust||N/A||N/A||N/A||N/A||N/A|
|TPG Specialty Lending||N/A||N/A||N/A||$2.17||9.59|
TPG Specialty Lending beats Blackrock Taxable Municipal Bond Trust on 8 of the 9 factors compared between the two stocks.
About Blackrock Taxable Municipal Bond Trust
BlackRock Taxable Municipal Bond Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek high current income, with a secondary objective of capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities, including Build America Bonds (BABs), issued by state and local governments to finance capital projects, such as public schools, roads, transportation infrastructure, bridges, ports and public buildings. It also has the ability to invest up to 20% of its managed assets in securities other than taxable municipal securities. It may invest at least 80% of its managed assets in securities that at the time of purchase are investment-grade quality. It invests in various sectors, including utilities, transportation, education, tobacco, commercial services and supplies, and housing. The Trust’s investment manager is BlackRock Advisors, LLC.
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. The Company invests in first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments. Its first-lien debt may include standalone first-lien loans; last out first-lien loans; unitranche loans and secured corporate bonds. Its second-lien debt may include secured loans and secured corporate bonds, with a secondary priority behind first-lien debt. As of December 31, 2016, the Company’s portfolio was invested across 19 different industries. The Company’s investment advisor is TSL Advisers, LLC.
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