Shares of TPG Specialty Lending, Inc. (NYSE:TSLX) have been assigned a consensus rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $19.60.

TSLX has been the subject of several recent research reports. BidaskClub downgraded TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 20th. Zacks Investment Research upgraded TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, July 25th. JMP Securities lifted their price objective on TPG Specialty Lending from $21.50 to $22.00 and gave the company an “outperform” rating in a report on Monday, August 7th. National Securities restated a “neutral” rating and issued a $19.00 price objective on shares of TPG Specialty Lending in a report on Monday, August 7th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $22.00 price objective (up from $21.00) on shares of TPG Specialty Lending in a report on Wednesday.

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Institutional investors have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware increased its position in shares of TPG Specialty Lending by 4.6% in the first quarter. Mckinley Capital Management LLC Delaware now owns 182,119 shares of the financial services provider’s stock worth $3,713,000 after buying an additional 8,022 shares in the last quarter. M&T Bank Corp purchased a new position in shares of TPG Specialty Lending during the first quarter worth approximately $280,000. Oxford Asset Management purchased a new position in shares of TPG Specialty Lending during the first quarter worth approximately $715,000. CIBC World Markets Inc. increased its position in shares of TPG Specialty Lending by 107.4% in the first quarter. CIBC World Markets Inc. now owns 23,681 shares of the financial services provider’s stock worth $483,000 after buying an additional 12,262 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of TPG Specialty Lending during the first quarter worth approximately $201,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

TPG Specialty Lending (NYSE TSLX) traded up 0.33% during mid-day trading on Friday, hitting $21.33. 350,242 shares of the stock were exchanged. The stock has a 50 day moving average of $20.70 and a 200-day moving average of $20.24. TPG Specialty Lending has a 52-week low of $17.00 and a 52-week high of $21.62.

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

The company also recently announced a special dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This is an increase from TPG Specialty Lending’s previous special dividend of $0.04. This represents a yield of 7.38%. TPG Specialty Lending’s payout ratio is currently 71.89%.

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.

Analyst Recommendations for TPG Specialty Lending (NYSE:TSLX)

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