TPG Specialty Lending, Inc. (TSLX) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of TPG Specialty Lending, Inc. (NYSE:TSLX) from a hold rating to a buy rating in a research report sent to investors on Thursday, October 5th. Zacks Investment Research currently has $24.00 price objective 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 research analysts have also issued research reports about the stock. BidaskClub lowered shares of TPG Specialty Lending from a buy rating to a hold rating in a research note on Friday, September 8th. SunTrust Banks, Inc. reiterated a buy rating and issued a $22.00 price target (up previously from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. JMP Securities increased their target price on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the stock an outperform rating in a research report on Monday, August 7th. Finally, National Securities restated a neutral rating and set a $19.00 target price on shares of TPG Specialty Lending in a research report on Monday, August 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. TPG Specialty Lending has an average rating of Hold and a consensus target price of $21.00.

Shares of TPG Specialty Lending (NYSE:TSLX) opened at 20.76 on Thursday. TPG Specialty Lending has a 1-year low of $17.40 and a 1-year high of $21.74. The company has a 50 day moving average of $20.57 and a 200 day moving average of $20.68.

TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, beating 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 business had revenue of $58.82 million for the quarter, compared to analyst estimates of $49.41 million. During the same quarter in the prior year, the business earned $0.43 EPS. TPG Specialty Lending’s quarterly revenue was up 27.8% on a year-over-year basis. On average, analysts expect that TPG Specialty Lending will post $1.91 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/tpg-specialty-lending-inc-tslx-lifted-to-buy-at-zacks-investment-research/1697721.html.

The firm also recently announced a special dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were given a dividend of $0.09 per share. This represents a dividend yield of 7.38%. The ex-dividend date was Tuesday, August 29th. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s dividend payout ratio is presently 71.89%.

Several large investors have recently made changes to their positions in the business. Strs Ohio grew its position in shares of TPG Specialty Lending by 2.2% during the 2nd quarter. Strs Ohio now owns 4,551,809 shares of the financial services provider’s stock worth $93,084,000 after purchasing an additional 96,815 shares in the last quarter. Muzinich & Co. Inc. grew its position in shares of TPG Specialty Lending by 0.7% during the 2nd quarter. Muzinich & Co. Inc. now owns 2,131,705 shares of the financial services provider’s stock worth $43,593,000 after purchasing an additional 15,806 shares in the last quarter. UBS Group AG lifted its holdings in shares of TPG Specialty Lending by 17.6% during the 1st quarter. UBS Group AG now owns 1,410,676 shares of the financial services provider’s stock worth $28,764,000 after acquiring an additional 211,139 shares during the period. Clough Capital Partners L P lifted its holdings in shares of TPG Specialty Lending by 173.8% during the 1st quarter. Clough Capital Partners L P now owns 483,863 shares of the financial services provider’s stock worth $9,564,000 after acquiring an additional 307,163 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of TPG Specialty Lending by 4.4% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 347,827 shares of the financial services provider’s stock worth $7,113,000 after acquiring an additional 14,728 shares during the period. Hedge funds and other institutional investors own 62.65% 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.

Get a free copy of the Zacks research report on TPG Specialty Lending (TSLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TPG Specialty Lending Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG Specialty Lending Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.