TPG Specialty Lending, Inc. (TSLX) Lowered to “Buy” at BidaskClub
BidaskClub cut shares of TPG Specialty Lending, Inc. (NYSE:TSLX) from a strong-buy rating to a buy rating in a report issued on Thursday morning.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of TPG Specialty Lending from a hold rating to a buy rating and set a $23.00 target price for the company in a research note on Wednesday, July 5th. SunTrust Banks, Inc. reaffirmed a buy rating and set a $22.00 target price (up previously from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. National Securities reaffirmed a neutral rating and set a $19.00 target price on shares of TPG Specialty Lending in a research note on Monday, May 8th. Finally, JMP Securities raised their target price on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the company an outperform rating in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $20.80.
TPG Specialty Lending (NYSE TSLX) traded up 0.34% during trading on Thursday, reaching $20.82. The company’s stock had a trading volume of 56,344 shares. TPG Specialty Lending has a one year low of $17.00 and a one year high of $21.74. The company has a 50-day moving average of $20.93 and a 200 day moving average of $20.48.
TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.11. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. The company had revenue of $58.82 million during the quarter, compared to the consensus estimate of $49.41 million. During the same period in the prior year, the firm earned $0.43 earnings per share. TPG Specialty Lending’s revenue was up 27.8% on a year-over-year basis. Equities research analysts anticipate that TPG Specialty Lending will post $1.91 earnings per share for the current year.
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The company also recently declared a special dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued 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 is Tuesday, August 29th. This represents a dividend yield of 7.38%. TPG Specialty Lending’s dividend payout ratio is presently 71.89%.
Large investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd boosted its stake in TPG Specialty Lending by 329.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 49,030 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 37,611 shares during the last quarter. National Asset Management Inc. boosted its stake in TPG Specialty Lending by 45.1% in the second quarter. National Asset Management Inc. now owns 29,303 shares of the financial services provider’s stock worth $600,000 after buying an additional 9,114 shares during the last quarter. Nomura Holdings Inc. boosted its stake in TPG Specialty Lending by 9.5% in the second quarter. Nomura Holdings Inc. now owns 231,897 shares of the financial services provider’s stock worth $4,748,000 after buying an additional 20,122 shares during the last quarter. Caxton Associates LP boosted its stake in TPG Specialty Lending by 9.1% in the second quarter. Caxton Associates LP now owns 35,091 shares of the financial services provider’s stock worth $718,000 after buying an additional 2,922 shares during the last quarter. Finally, Shelton Capital Management boosted its stake in TPG Specialty Lending by 100.0% in the second quarter. Shelton Capital Management now owns 50,000 shares of the financial services provider’s stock worth $1,023,000 after buying an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 62.65% of the company’s stock.
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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