TPG Specialty Lending, Inc. (TSLX) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of TPG Specialty Lending, Inc. (NYSE:TSLX) from a sell rating to a hold rating in a research report report published on Wednesday.

A number of other analysts have also recently weighed in on the stock. SunTrust Banks, Inc. reissued a buy rating and issued a $22.00 target price (up previously from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of TPG Specialty Lending from a buy rating to a hold rating in a research note on Tuesday, August 8th. JMP Securities upped 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. Finally, National Securities reissued a neutral rating and issued a $19.00 target price on shares of TPG Specialty Lending in a research note on Monday, August 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. TPG Specialty Lending has an average rating of Hold and an average target price of $20.80.

TPG Specialty Lending (NYSE TSLX) opened at 20.34 on Wednesday. TPG Specialty Lending has a one year low of $17.40 and a one year high of $21.74. The firm has a 50-day moving average of $20.83 and a 200-day moving average of $20.57.

TPG Specialty Lending (NYSE:TSLX) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.11. The business had revenue of $58.82 million for the quarter, compared to analysts’ expectations of $49.41 million. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Analysts anticipate that TPG Specialty Lending will post $1.91 earnings per share for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd boosted its position 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 valued at $1,002,000 after buying an additional 37,611 shares in the last quarter. National Asset Management Inc. boosted its position 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 valued at $600,000 after buying an additional 9,114 shares in the last quarter. Nomura Holdings Inc. boosted its position 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 valued at $4,748,000 after buying an additional 20,122 shares in the last quarter. Caxton Associates LP boosted its position 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 valued at $718,000 after buying an additional 2,922 shares in the last quarter. Finally, Shelton Capital Management boosted its position 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 valued at $1,023,000 after buying an additional 25,000 shares in 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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