TPG Specialty Lending, Inc. (NYSE:TSLX) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.11, Briefing.com reports. TPG Specialty Lending had a net margin of 73.53% and a return on equity of 11.94%. The firm had revenue of $58.82 million for the quarter, compared to analysts’ expectations of $49.41 million. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s quarterly revenue was up 27.8% on a year-over-year basis.

TPG Specialty Lending (TSLX) traded down 0.166% during midday trading on Friday, reaching $21.105. 194,228 shares of the company’s stock were exchanged. TPG Specialty Lending has a 52 week low of $17.00 and a 52 week high of $21.25. The firm’s 50 day moving average is $20.53 and its 200 day moving average is $20.14.

The firm also recently disclosed a special dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.09 dividend. This represents a dividend yield of 7.38%. The ex-dividend date is Tuesday, August 29th. This is a boost from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s dividend payout ratio is 62.90%.

Several equities analysts have recently weighed in on TSLX shares. National Securities reiterated a “neutral” rating and issued a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, May 8th. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, July 5th. Finally, BidaskClub cut shares of TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.83.

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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.

Earnings History for TPG Specialty Lending (NYSE:TSLX)

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