Zacks Investment Research upgraded shares of TPG Specialty Lending (NYSE:TSLX) from a hold rating to a buy rating in a research report report published on Thursday morning. Zacks Investment Research currently has $22.00 price target on the financial services provider’s stock.

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. “

TSLX has been the topic of a number of other research reports. JPMorgan Chase & Co. upgraded TPG Specialty Lending from a neutral rating to an overweight rating and set a $18.50 price target on the stock in a research report on Monday, July 23rd. ValuEngine cut TPG Specialty Lending from a hold rating to a sell rating in a research report on Saturday, June 2nd. Keefe, Bruyette & Woods started coverage on TPG Specialty Lending in a research report on Thursday, June 28th. They issued an outperform rating and a $21.00 price target on the stock. SunTrust Banks restated a buy rating and issued a $22.00 price target on shares of TPG Specialty Lending in a research report on Friday, August 3rd. Finally, National Securities restated a buy rating and issued a $21.00 price target on shares of TPG Specialty Lending in a research report on Monday, May 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $21.14.

Shares of TSLX traded down $0.17 during midday trading on Thursday, reaching $19.88. 1,810 shares of the stock were exchanged, compared to its average volume of 259,904. TPG Specialty Lending has a twelve month low of $17.00 and a twelve month high of $21.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $1.29 billion, a P/E ratio of 9.97, a P/E/G ratio of 4.91 and a beta of 0.66.

TPG Specialty Lending (NYSE:TSLX) last posted its earnings results on Wednesday, August 1st. The financial services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.09. TPG Specialty Lending had a return on equity of 12.40% and a net margin of 53.60%. The company had revenue of $66.40 million during the quarter, compared to the consensus estimate of $58.63 million. During the same quarter last year, the firm earned $0.57 earnings per share. equities research analysts predict that TPG Specialty Lending will post 2.02 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 31st will be given a $0.08 dividend. The ex-dividend date is Thursday, August 30th. This represents a dividend yield of 7.9%. This is a boost from TPG Specialty Lending’s previous special dividend of $0.06. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 78.00%.

In related news, Director Richard A. Higginbotham purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were bought at an average price of $19.73 per share, for a total transaction of $39,460.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $394,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Eagle Global Advisors LLC grew its position in TPG Specialty Lending by 16.3% in the first quarter. Eagle Global Advisors LLC now owns 20,870 shares of the financial services provider’s stock valued at $373,000 after acquiring an additional 2,926 shares during the last quarter. TCW Group Inc. grew its position in TPG Specialty Lending by 10.5% in the second quarter. TCW Group Inc. now owns 42,200 shares of the financial services provider’s stock valued at $757,000 after acquiring an additional 4,000 shares during the last quarter. Greenwich Investment Management Inc. grew its position in TPG Specialty Lending by 3.6% in the second quarter. Greenwich Investment Management Inc. now owns 136,165 shares of the financial services provider’s stock valued at $2,443,000 after acquiring an additional 4,675 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in TPG Specialty Lending by 7.0% in the second quarter. CIBC Private Wealth Group LLC now owns 77,494 shares of the financial services provider’s stock valued at $1,390,000 after acquiring an additional 5,074 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in TPG Specialty Lending by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,481 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 5,660 shares during the last quarter. Hedge funds and other institutional investors own 59.89% of the company’s stock.

TPG Specialty Lending Company Profile

TPG Specialty Lending, Inc is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.

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Analyst Recommendations for TPG Specialty Lending (NYSE:TSLX)

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