Brokerages Set TPG Specialty Lending, Inc. (TSLX) PT at $20.25
TPG Specialty Lending, Inc. (NYSE:TSLX) has received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.25.
A number of equities research analysts have issued reports on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $22.00 price target (up previously from $21.00) on shares of TPG Specialty Lending in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. JMP Securities raised their price target on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. National Securities reissued a “neutral” rating and issued a $19.00 price target on shares of TPG Specialty Lending in a report on Monday, August 7th. Finally, BidaskClub lowered shares of TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 31st.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Pinebridge Investments L.P. boosted its stake in shares of TPG Specialty Lending by 1.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 94 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of TPG Specialty Lending during the 1st quarter valued at about $201,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of TPG Specialty Lending during the 1st quarter valued at about $233,000. Koshinski Asset Management Inc. boosted its stake in shares of TPG Specialty Lending by 21.8% during the 2nd quarter. Koshinski Asset Management Inc. now owns 12,850 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 2,300 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in shares of TPG Specialty Lending during the 1st quarter valued at about $280,000. 62.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TPG Specialty Lending (NYSE TSLX) traded down 0.15% during mid-day trading on Wednesday, reaching $20.00. 325,320 shares of the company’s stock were exchanged. TPG Specialty Lending has a one year low of $17.00 and a one year high of $21.74. The company has a 50 day moving average price of $20.95 and a 200-day moving average price of $20.55.
TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The business had revenue of $58.82 million for the quarter, compared to analyst estimates of $49.41 million. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. The company’s revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. On average, equities analysts forecast that TPG Specialty Lending will post $1.91 earnings per share for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.09 per share. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.04. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a dividend yield of 7.38%. TPG Specialty Lending’s payout ratio is presently 71.89%.
TPG Specialty Lending Company Profile
TPG Specialty Lending, Inc is an externally managed, closed-end, non-diversified management investment company. The Company is a specialty finance company focused on lending to middle-market companies. It seeks to generate current income primarily in the United States-domiciled middle-market companies through direct originations of senior secured loans and originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.
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