Zacks Investment Research lowered shares of TPG Specialty Lending, Inc. (NYSE:TSLX) from a buy rating to a hold rating in a research note published on Wednesday morning.

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. “

A number of other equities analysts also recently weighed in on TSLX. BidaskClub raised shares of TPG Specialty Lending from a sell rating to a hold rating in a research note on Wednesday, September 20th. SunTrust Banks, Inc. reissued a buy rating and set a $22.00 price target (up from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. National Securities reissued a neutral rating and set a $19.00 price target on shares of TPG Specialty Lending in a research note on Monday, August 7th. Finally, JMP Securities boosted their price target on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the stock an outperform rating in a research note on Monday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $21.00.

TPG Specialty Lending (NYSE:TSLX) traded down 0.29% on Wednesday, hitting $20.76. 189,853 shares of the company were exchanged. TPG Specialty Lending has a one year low of $17.40 and a one year high of $21.74. The stock has a 50 day moving average price of $20.58 and a 200 day moving average price of $20.67.

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

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The firm also recently declared a special dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were paid a dividend of $0.09 per share. This represents a dividend yield of 7.38%. This is an increase from TPG Specialty Lending’s previous special dividend of $0.04. The ex-dividend date was Tuesday, August 29th. TPG Specialty Lending’s payout ratio is 71.89%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd raised its stake in shares of TPG Specialty Lending by 329.4% during the second quarter. Dynamic Technology Lab Private Ltd now owns 49,030 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 37,611 shares during the last quarter. National Asset Management Inc. raised its stake in shares of TPG Specialty Lending by 45.1% during the second quarter. National Asset Management Inc. now owns 29,303 shares of the financial services provider’s stock worth $600,000 after buying an additional 9,114 shares during the last quarter. Nomura Holdings Inc. raised its stake in shares of TPG Specialty Lending by 9.5% during the second quarter. Nomura Holdings Inc. now owns 231,897 shares of the financial services provider’s stock worth $4,748,000 after buying an additional 20,122 shares during the last quarter. Caxton Associates LP raised its stake in shares of TPG Specialty Lending by 9.1% during the second quarter. Caxton Associates LP now owns 35,091 shares of the financial services provider’s stock worth $718,000 after buying an additional 2,922 shares during the last quarter. Finally, Shelton Capital Management raised its stake in shares of TPG Specialty Lending by 100.0% during the second quarter. Shelton Capital Management now owns 50,000 shares of the financial services provider’s stock worth $1,023,000 after buying an additional 25,000 shares during the last quarter. 62.65% of the stock is owned by institutional investors and hedge funds.

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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