TPG Specialty Lending, Inc. (NYSE:TSLX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, July 13th.

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. “

Separately, National Securities reaffirmed a “neutral” rating and set a $19.00 target price on shares of TPG Specialty Lending in a research note on Monday, May 8th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. TPG Specialty Lending currently has an average rating of “Buy” and an average target price of $19.80.

TPG Specialty Lending (NYSE TSLX) opened at 21.32 on Thursday. TPG Specialty Lending has a 12-month low of $17.00 and a 12-month high of $21.57. The stock’s 50 day moving average price is $20.53 and its 200 day moving average price is $20.14.

TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. TPG Specialty Lending had a return on equity of 12.68% and a net margin of 60.77%. The business had revenue of $58.82 million during the quarter, compared to analysts’ expectations of $49.41 million. During the same quarter last year, the firm posted $0.43 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. Analysts expect that TPG Specialty Lending will post $1.88 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Muzinich & Co. Inc. boosted its stake in shares of TPG Specialty Lending by 87.4% in the first quarter. Muzinich & Co. Inc. now owns 2,115,899 shares of the financial services provider’s stock worth $43,143,000 after buying an additional 986,689 shares during the period. Clough Capital Partners L P boosted its stake in shares of TPG Specialty Lending by 173.8% in the first quarter. Clough Capital Partners L P now owns 483,863 shares of the financial services provider’s stock worth $9,564,000 after buying an additional 307,163 shares during the period. UBS Group AG boosted its stake in shares of TPG Specialty Lending by 17.6% in the first quarter. UBS Group AG now owns 1,410,676 shares of the financial services provider’s stock worth $28,764,000 after buying an additional 211,139 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of TPG Specialty Lending by 127.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 333,099 shares of the financial services provider’s stock worth $6,791,000 after buying an additional 186,910 shares during the period. Finally, Strs Ohio boosted its stake in shares of TPG Specialty Lending by 2.2% in the first quarter. Strs Ohio now owns 4,454,994 shares of the financial services provider’s stock worth $90,837,000 after buying an additional 97,904 shares during the period. 64.35% of the stock is owned by hedge funds and other institutional investors.

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.

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