TPG Specialty Lending (NYSE:TSLX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $22.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.45% from the company’s current price.

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 recently issued reports on TSLX. ValuEngine cut TPG Specialty Lending from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. TheStreet cut TPG Specialty Lending from a “b” rating to a “c+” rating in a research note on Friday, May 25th. SunTrust Banks restated a “buy” rating and issued a $22.00 price objective on shares of TPG Specialty Lending in a report on Friday, August 3rd. JPMorgan Chase & Co. upgraded shares of TPG Specialty Lending from a “neutral” rating to an “overweight” rating and set a $18.50 price objective for the company in a report on Monday, July 23rd. Finally, Keefe, Bruyette & Woods set a $22.00 price objective on shares of TPG Specialty Lending and gave the stock a “buy” rating in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $21.14.

Shares of NYSE TSLX traded up $0.06 during trading hours on Friday, hitting $20.10. The company’s stock had a trading volume of 7,583 shares, compared to its average volume of 237,545. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a market capitalization of $1.30 billion, a PE ratio of 10.05, a PEG ratio of 4.95 and a beta of 0.66. TPG Specialty Lending has a 12 month low of $17.00 and a 12 month high of $21.15.

TPG Specialty Lending (NYSE:TSLX) last posted its earnings results on Wednesday, August 1st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The company had revenue of $66.40 million for the quarter, compared to analysts’ expectations of $58.63 million. TPG Specialty Lending had a return on equity of 12.40% and a net margin of 53.60%. During the same period last year, the firm earned $0.57 earnings per share. equities research analysts anticipate that TPG Specialty Lending will post 2.02 earnings per share for the current year.

In related news, Director Richard A. Higginbotham acquired 2,000 shares of the stock in a transaction on Friday, August 24th. The stock was acquired at an average cost of $19.73 per share, for a total transaction of $39,460.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $394,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in shares of TPG Specialty Lending by 11.3% during the second quarter. Advisors Asset Management Inc. now owns 308,323 shares of the financial services provider’s stock valued at $5,531,000 after purchasing an additional 31,301 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of TPG Specialty Lending by 53.0% during the second quarter. California Public Employees Retirement System now owns 25,400 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 8,800 shares during the last quarter. Progeny 3 Inc. lifted its holdings in shares of TPG Specialty Lending by 30.0% during the second quarter. Progeny 3 Inc. now owns 520,020 shares of the financial services provider’s stock valued at $9,329,000 after purchasing an additional 119,993 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of TPG Specialty Lending by 310.8% during 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 purchasing an additional 5,660 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of TPG Specialty Lending by 6.9% during the second quarter. Bank of America Corp DE now owns 297,514 shares of the financial services provider’s stock valued at $5,338,000 after purchasing an additional 19,121 shares during the last quarter. Hedge funds and other institutional investors own 59.89% 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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