TPG Specialty Lending Inc (TSLX) Receives Average Recommendation of “Buy” from Brokerages
Shares of TPG Specialty Lending Inc (NYSE:TSLX) have been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $21.71.
TSLX has been the subject of several research reports. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Thursday, August 30th. Bank of America raised their price objective on shares of TPG Specialty Lending from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, November 9th. National Securities raised their price objective on shares of TPG Specialty Lending from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 12th. Finally, ValuEngine upgraded shares of TPG Specialty Lending from a “sell” rating to a “hold” rating in a research report on Friday, September 14th.
Several institutional investors and hedge funds have recently made changes to their positions in TSLX. FMR LLC boosted its holdings in shares of TPG Specialty Lending by 513.5% in the second quarter. FMR LLC now owns 2,341,317 shares of the financial services provider’s stock worth $42,003,000 after buying an additional 1,959,686 shares during the period. Artemis Investment Management LLP acquired a new position in shares of TPG Specialty Lending in the third quarter worth about $5,364,000. Acadian Asset Management LLC boosted its holdings in shares of TPG Specialty Lending by 3,751.3% in the third quarter. Acadian Asset Management LLC now owns 259,614 shares of the financial services provider’s stock worth $5,295,000 after buying an additional 252,873 shares during the period. Marshall Wace LLP acquired a new position in shares of TPG Specialty Lending in the third quarter worth about $4,718,000. Finally, Advisors Capital Management LLC acquired a new position in shares of TPG Specialty Lending in the third quarter worth about $3,847,000. Institutional investors own 60.09% of the company’s stock.
TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. TPG Specialty Lending had a net margin of 55.73% and a return on equity of 12.21%. The company had revenue of $63.00 million during the quarter, compared to analyst estimates of $58.77 million. During the same quarter last year, the firm posted $0.41 EPS. On average, research analysts forecast that TPG Specialty Lending will post 2.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 7.83%. The ex-dividend date is Thursday, December 13th. TPG Specialty Lending’s payout ratio is 78.00%.
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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