TPG Specialty Lending (TSLX) PT Raised to $22.00

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TPG Specialty Lending (NYSE:TSLX) had its price objective upped by Bank of America from $20.00 to $22.00 in a report published on Friday, Marketbeat Ratings reports. They currently have a buy rating on the financial services provider’s stock.

Other analysts also recently issued reports about the company. TheStreet upgraded TPG Specialty Lending from a c+ rating to a b rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded TPG Specialty Lending from a hold rating to a buy rating and set a $22.00 target price for the company in a research report on Wednesday, August 22nd. National Securities reiterated a buy rating and set a $21.00 target price on shares of TPG Specialty Lending in a research report on Monday, August 6th. SunTrust Banks reiterated a buy rating and set a $22.00 target price on shares of TPG Specialty Lending in a research report on Friday, August 3rd. Finally, Keefe, Bruyette & Woods set a $22.00 target price on TPG Specialty Lending and gave the company a buy rating in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $21.43.

Shares of NYSE:TSLX traded up $0.31 during trading on Friday, reaching $21.00. 391,216 shares of the company traded hands, compared to its average volume of 273,240. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 5.01 and a beta of 0.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.55 and a current ratio of 0.60. TPG Specialty Lending has a 52 week low of $17.00 and a 52 week high of $21.24.

TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, November 6th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $63.00 million during the quarter, compared to the consensus estimate of $58.77 million. TPG Specialty Lending had a return on equity of 12.21% and a net margin of 55.73%. During the same period in the prior year, the company posted $0.41 EPS. Research analysts predict that TPG Specialty Lending will post 2.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.43%. TPG Specialty Lending’s dividend payout ratio (DPR) is currently 78.00%.

In other TPG Specialty Lending news, Director Richard A. Higginbotham purchased 2,000 shares of the stock in a transaction dated Friday, August 24th. The stock was bought at an average price of $19.73 per share, with a total value of $39,460.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $394,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in shares of TPG Specialty Lending during the 2nd quarter worth $121,000. Tower Research Capital LLC TRC raised its holdings in shares of TPG Specialty Lending by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,481 shares of the financial services provider’s stock worth $134,000 after buying an additional 5,660 shares in the last quarter. Natixis acquired a new position in shares of TPG Specialty Lending during the 2nd quarter worth $208,000. BlackRock Inc. acquired a new position in shares of TPG Specialty Lending during the 2nd quarter worth $412,000. Finally, California Public Employees Retirement System raised its holdings in shares of TPG Specialty Lending by 53.0% during the 2nd quarter. California Public Employees Retirement System now owns 25,400 shares of the financial services provider’s stock worth $456,000 after buying an additional 8,800 shares in the last quarter. 60.83% of the stock is owned by institutional investors.

About TPG Specialty Lending

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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Analyst Recommendations for TPG Specialty Lending (NYSE:TSLX)

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