Zacks Investment Research upgraded shares of TPG Specialty Lending (NYSE:TSLX) from a hold rating to a buy rating in a report released on Friday morning. The firm currently has $23.00 target price 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. “

Several other research firms have also issued reports on TSLX. ValuEngine lowered TPG Specialty Lending from a hold rating to a sell rating in a research note on Monday, October 8th. SunTrust Banks reiterated a buy rating and set a $22.00 price objective on shares of TPG Specialty Lending in a research note on Friday, August 3rd. JPMorgan Chase & Co. upgraded TPG Specialty Lending from a neutral rating to an overweight rating and set a $18.50 price objective for the company in a research note on Monday, July 23rd. Keefe, Bruyette & Woods set a $22.00 price objective on TPG Specialty Lending and gave the stock a buy rating in a research note on Thursday, August 2nd. Finally, National Securities reiterated a buy rating and set a $21.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 6th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $21.43.

TPG Specialty Lending stock traded up $0.31 during mid-day trading on Friday, hitting $21.00. 391,216 shares of the company were exchanged, compared to its average volume of 273,240. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.60 and a quick ratio of 0.55. TPG Specialty Lending has a 1-year low of $17.00 and a 1-year high of $21.24. The firm has a market capitalization of $1.34 billion, a P/E ratio of 10.22, a P/E/G ratio of 5.01 and a beta of 0.62.

TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. TPG Specialty Lending had a return on equity of 12.21% and a net margin of 55.73%. The firm had revenue of $63.00 million during the quarter, compared to analyst estimates of $58.77 million. During the same period in the prior year, the company posted $0.41 earnings per share. On average, equities research analysts predict that TPG Specialty Lending will post 2.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.43%. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 78.00%.

In other TPG Specialty Lending news, Director Richard A. Higginbotham bought 2,000 shares of the stock in a transaction dated Friday, August 24th. The stock was bought at an average cost of $19.73 per share, for a total transaction of $39,460.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at approximately $394,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of TPG Specialty Lending by 5.6% in the third quarter. Janney Montgomery Scott LLC now owns 59,071 shares of the financial services provider’s stock valued at $1,204,000 after buying an additional 3,117 shares in the last quarter. TCW Group Inc. boosted its holdings 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. boosted its holdings 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 boosted its holdings 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 boosted its holdings 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. Institutional investors own 60.83% of the company’s stock.

About TPG Specialty Lending

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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