Zacks Investment Research upgraded shares of TPG Specialty Lending (NYSE:TSLX) from a hold rating to a buy rating in a report issued on Thursday morning, Zacks.com reports. They currently have $25.00 target price 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. “

Other analysts have also issued research reports about the stock. LADENBURG THALM/SH SH lowered shares of TPG Specialty Lending from a buy rating to a neutral rating in a research report on Thursday, November 7th. Royal Bank of Canada initiated coverage on shares of TPG Specialty Lending in a research report on Tuesday, November 12th. They set an outperform rating and a $23.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. TPG Specialty Lending has an average rating of Buy and an average target price of $23.00.

Shares of TSLX stock traded up $0.19 during trading on Thursday, hitting $22.67. 190,313 shares of the stock traded hands, compared to its average volume of 181,399. The firm has a market capitalization of $1.49 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 11.48 and a beta of 0.62. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s fifty day moving average price is $21.79 and its 200-day moving average price is $21.18. TPG Specialty Lending has a 52-week low of $19.32 and a 52-week high of $22.55.

A number of hedge funds and other institutional investors have recently made changes to their positions in TSLX. Benjamin F. Edwards & Company Inc. raised its position in TPG Specialty Lending by 202.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,830 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,225 shares during the period. Synovus Financial Corp raised its position in TPG Specialty Lending by 12.2% in the third quarter. Synovus Financial Corp now owns 4,441 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 483 shares during the period. Quantbot Technologies LP purchased a new stake in TPG Specialty Lending in the fourth quarter valued at approximately $105,000. Poehling Capital Management LLC purchased a new stake in TPG Specialty Lending in the fourth quarter valued at approximately $213,000. Finally, Sigma Planning Corp purchased a new stake in TPG Specialty Lending in the fourth quarter valued at approximately $240,000. 59.39% of the stock is currently owned by institutional investors.

TPG Specialty Lending Company Profile

TPG Specialty Lending, Inc is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.

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