Zacks Investment Research upgraded shares of TPG Specialty Lending, Inc. (NYSE:TSLX) from a hold rating to a buy rating in a research report released on Tuesday. They currently have $23.00 price target on the financial services provider’s stock.

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. “

Several other equities analysts have also recently weighed in on the company. National Securities restated a neutral rating and set a $19.00 price target on shares of TPG Specialty Lending in a report on Monday, May 8th. BidaskClub cut TPG Specialty Lending from a strong-buy rating to a buy rating in a report on Thursday, July 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. TPG Specialty Lending currently has a consensus rating of Hold and a consensus price target of $18.83.

TPG Specialty Lending (TSLX) opened at 20.65 on Tuesday. The stock’s 50 day moving average price is $20.53 and its 200 day moving average price is $20.09. TPG Specialty Lending has a one year low of $17.00 and a one year high of $21.10.

TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.03. The business had revenue of $50.95 million during the quarter, compared to analysts’ expectations of $48.81 million. TPG Specialty Lending had a return on equity of 11.94% and a net margin of 73.53%. Equities analysts anticipate that TPG Specialty Lending will post $1.80 earnings per share for the current fiscal year.

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The company also recently declared a special dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were issued a dividend of $0.04 per share. This represents a yield of 7.68%. The ex-dividend date was Friday, May 26th. TPG Specialty Lending’s dividend payout ratio is presently 62.90%.

A number of institutional investors have recently added to or reduced their stakes in TSLX. Muzinich & Co. Inc. boosted its position in TPG Specialty Lending by 87.4% in the first quarter. Muzinich & Co. Inc. now owns 2,115,899 shares of the financial services provider’s stock valued at $43,143,000 after buying an additional 986,689 shares in the last quarter. Clough Capital Partners L P boosted its position in TPG Specialty Lending by 173.8% in the first quarter. Clough Capital Partners L P now owns 483,863 shares of the financial services provider’s stock valued at $9,564,000 after buying an additional 307,163 shares in the last quarter. UBS Group AG boosted its position in TPG Specialty Lending by 17.6% in the first quarter. UBS Group AG now owns 1,410,676 shares of the financial services provider’s stock valued at $28,764,000 after buying an additional 211,139 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of TPG Specialty Lending by 127.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 333,099 shares of the financial services provider’s stock worth $6,791,000 after buying an additional 186,910 shares during the period. Finally, Strs Ohio boosted its position in shares of TPG Specialty Lending by 2.2% in the first quarter. Strs Ohio now owns 4,454,994 shares of the financial services provider’s stock worth $90,837,000 after buying an additional 97,904 shares during the period. Institutional investors and hedge funds own 64.48% of the company’s stock.

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.

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Analyst Recommendations for TPG Specialty Lending (NYSE:TSLX)

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