Somewhat Favorable Press Coverage Somewhat Unlikely to Impact TPG Specialty Lending (TSLX) Stock Price
Media coverage about TPG Specialty Lending (NYSE:TSLX) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TPG Specialty Lending earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.8122624647838 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- TPG Specialty Lending (TSLX) CEO Michael Fishman Q3 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
- TPG Specialty Lending, Inc. (TSLX) Given New $20.00 Price Target at National Securities (americanbankingnews.com)
- TPG Specialty Lending, Inc. (TSLX) Given “Buy” Rating at SunTrust Banks, Inc. (americanbankingnews.com)
- TPG Specialty Lending, Inc. (TSLX) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Gladstone Investment Corporation (GAIN) & TPG Specialty Lending (TSLX) Head-To-Head Review (americanbankingnews.com)
Shares of TPG Specialty Lending (TSLX) traded up $0.06 on Friday, hitting $20.47. 131,500 shares of the stock traded hands, compared to its average volume of 203,490. TPG Specialty Lending has a 12 month low of $18.13 and a 12 month high of $21.74. The firm has a market cap of $1,229.19, a PE ratio of 10.10, a P/E/G ratio of 3.39 and a beta of 0.69. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.76.
TPG Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.43 by $0.08. TPG Specialty Lending had a net margin of 56.43% and a return on equity of 12.63%. The company had revenue of $48.86 million during the quarter, compared to analysts’ expectations of $48.58 million. During the same period last year, the company posted $0.51 earnings per share. equities research analysts forecast that TPG Specialty Lending will post 2.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 7.62%. The ex-dividend date is Thursday, December 14th. TPG Specialty Lending’s payout ratio is 79.59%.
Several research firms have commented on TSLX. SunTrust Banks, Inc. reissued a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. JMP Securities lifted their price objective 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. National Securities reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 7th. Finally, BidaskClub cut shares of TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.75.
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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.
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