TheStreet upgraded shares of TPG Specialty Lending Inc. (NYSE:TSLX) from a hold rating to a buy rating in a report published on Monday morning.
TSLX has been the subject of several other research reports. Zacks Investment Research cut TPG Specialty Lending from a buy rating to a hold rating in a research report on Thursday, October 6th. National Securities reiterated a buy rating and set a $19.00 target price (up previously from $18.00) on shares of TPG Specialty Lending in a research report on Tuesday, November 8th. JMP Securities reiterated a buy rating on shares of TPG Specialty Lending in a research report on Wednesday, November 9th. Barclays PLC reiterated a hold rating and set a $18.00 target price on shares of TPG Specialty Lending in a research report on Wednesday, November 9th. Finally, Citigroup Inc. increased their price target on TPG Specialty Lending from $16.00 to $17.00 and gave the company a neutral rating in a research note on Friday, August 12th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. TPG Specialty Lending currently has an average rating of Buy and a consensus target price of $18.57.
TPG Specialty Lending (NYSE:TSLX) opened at 18.32 on Monday. TPG Specialty Lending has a 52 week low of $15.11 and a 52 week high of $18.79. The firm has a 50-day moving average price of $17.92 and a 200-day moving average price of $17.48. The stock has a market capitalization of $1.09 billion, a PE ratio of 14.12 and a beta of 0.70.
TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Monday, November 7th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.08. TPG Specialty Lending had a return on equity of 11.50% and a net margin of 53.66%. The firm earned $53.92 million during the quarter, compared to analysts’ expectations of $46.54 million. During the same quarter last year, the business posted $0.48 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. Equities research analysts predict that TPG Specialty Lending will post $1.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Saturday, December 31st will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 8.52%. The ex-dividend date is Wednesday, December 28th. TPG Specialty Lending’s payout ratio is 91.77%.
In related news, VP David Stiepleman acquired 5,535 shares of the stock in a transaction dated Monday, November 14th. The stock was acquired at an average cost of $17.99 per share, with a total value of $99,574.65. Following the purchase, the vice president now directly owns 5,535 shares of the company’s stock, valued at $99,574.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.90% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Strs Ohio raised its stake in TPG Specialty Lending by 2.5% in the second quarter. Strs Ohio now owns 4,162,136 shares of the company’s stock valued at $69,133,000 after buying an additional 101,452 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its stake in shares of TPG Specialty Lending by 15.6% in the second quarter. Mckinley Capital Management LLC Delaware now owns 144,386 shares of the company’s stock worth $2,398,000 after buying an additional 19,469 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of TPG Specialty Lending during the second quarter worth about $185,000. PineBridge Investments L.P. raised its stake in shares of TPG Specialty Lending by 188.7% in the second quarter. PineBridge Investments L.P. now owns 15,558 shares of the company’s stock worth $258,000 after buying an additional 10,169 shares in the last quarter. Finally, Geneva Advisors LLC raised its stake in shares of TPG Specialty Lending by 21.8% in the second quarter. Geneva Advisors LLC now owns 42,036 shares of the company’s stock worth $698,000 after buying an additional 7,529 shares in the last quarter. 59.78% of the stock is owned by institutional investors and hedge funds.
About TPG Specialty Lending