BidaskClub upgraded shares of TPG Specialty Lending, Inc. (NYSE:TSLX) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

A number of other equities analysts also recently issued reports on TSLX. National Securities reiterated a neutral rating and set a $19.00 price target on shares of TPG Specialty Lending in a research note on Monday, May 8th. Zacks Investment Research upgraded TPG Specialty Lending from a hold rating to a buy rating and set a $23.00 target price on the stock in a research note on Wednesday, July 5th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $18.83.

TPG Specialty Lending (TSLX) traded down 0.19% during mid-day trading on Tuesday, reaching $21.10. The company had a trading volume of 191,387 shares. TPG Specialty Lending has a one year low of $17.00 and a one year high of $21.25. The stock has a 50 day moving average price of $20.53 and a 200 day moving average price of $20.14.

TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. The business had revenue of $58.82 million during the quarter, compared to the consensus estimate of $49.41 million. TPG Specialty Lending had a return on equity of 11.94% and a net margin of 73.53%. The company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. Analysts forecast that TPG Specialty Lending will post $1.82 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/04/tpg-specialty-lending-inc-tslx-raised-to-strong-buy-at-bidaskclub.html.

The firm also recently announced 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 an increase from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s payout ratio is presently 62.90%.

Several large investors have recently bought and sold shares of TSLX. Oxford Asset Management bought a new stake in TPG Specialty Lending during the first quarter worth approximately $715,000. CIBC World Markets Inc. boosted its stake in TPG Specialty Lending by 107.4% in the first quarter. CIBC World Markets Inc. now owns 23,681 shares of the financial services provider’s stock worth $483,000 after buying an additional 12,262 shares during the period. Ameriprise Financial Inc. bought a new stake in TPG Specialty Lending during the first quarter worth approximately $201,000. Advisors Asset Management Inc. boosted its stake in TPG Specialty Lending by 28.1% in the first quarter. Advisors Asset Management Inc. now owns 239,547 shares of the financial services provider’s stock worth $4,884,000 after buying an additional 52,528 shares during the period. Finally, LSV Asset Management bought a new stake in TPG Specialty Lending during the first quarter worth approximately $850,000. 64.48% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for TPG Specialty Lending (NYSE:TSLX)

Receive News & Stock 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 stocks with our FREE daily email newsletter.