TPG Specialty Lending Inc (TSLX) Receives Consensus Recommendation of “Buy” from Analysts
TPG Specialty Lending Inc (NYSE:TSLX) has received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and eight have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $21.71.
Several research analysts have weighed in on TSLX shares. Zacks Investment Research raised TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, August 22nd. JPMorgan Chase & Co. raised 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 lowered TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $22.00 price target on shares of TPG Specialty Lending in a research report on Friday, August 3rd.
Shares of NYSE:TSLX traded down $0.22 during trading on Tuesday, hitting $20.50. 243,100 shares of the company were exchanged, compared to its average volume of 290,806. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 5.00 and a beta of 0.62. TPG Specialty Lending has a fifty-two week low of $17.00 and a fifty-two week high of $21.24. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.82.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date of this dividend is Thursday, December 13th. TPG Specialty Lending’s payout ratio is presently 78.00%.
In other TPG Specialty Lending news, Director Richard A. Higginbotham bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were acquired at an average cost of $19.73 per share, with a total value of $39,460.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $394,600. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of TSLX. Acadian Asset Management LLC acquired a new position in shares of TPG Specialty Lending during the 2nd quarter worth approximately $121,000. Tower Research Capital LLC TRC increased its holdings in shares of TPG Specialty Lending by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,481 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 5,660 shares during the last quarter. Natixis acquired a new position in shares of TPG Specialty Lending during the 2nd quarter worth approximately $208,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of TPG Specialty Lending during the 3rd quarter worth approximately $274,000. Finally, BlackRock Inc. acquired a new position in shares of TPG Specialty Lending during the 2nd quarter worth approximately $412,000. 59.99% of the stock is currently owned by institutional investors and hedge funds.
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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