TPG Specialty Lending (NYSE:TSLX) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of TPG Specialty Lending (NYSE:TSLX) from a hold rating to a buy rating in a research report released on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $25.00 price objective 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. “
Other equities analysts have also issued research reports about the company. Royal Bank of Canada assumed coverage on TPG Specialty Lending in a research note on Tuesday, November 12th. They set an outperform rating and a $23.00 price objective for the company. LADENBURG THALM/SH SH lowered TPG Specialty Lending from a buy rating to a neutral rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $23.00.
Several large investors have recently bought and sold shares of TSLX. Benjamin F. Edwards & Company Inc. grew its position in shares of TPG Specialty Lending by 202.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,830 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,225 shares during the period. Synovus Financial Corp grew its position in shares of TPG Specialty Lending by 12.2% during the 3rd quarter. Synovus Financial Corp now owns 4,441 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 483 shares during the period. Quantbot Technologies LP acquired a new stake in shares of TPG Specialty Lending during the 4th quarter valued at about $105,000. Poehling Capital Management LLC acquired a new stake in shares of TPG Specialty Lending during the 4th quarter valued at about $213,000. Finally, Sigma Planning Corp acquired a new stake in shares of TPG Specialty Lending during the 4th quarter valued at about $240,000. Hedge funds and other institutional investors own 59.39% 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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