TPG Specialty Lending, Inc. (TSLX) Raised to Strong-Buy at BidaskClub
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.
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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.
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