TPG Specialty Lending Sets New 52-Week High at $18.83 (TSLX)
Shares of TPG Specialty Lending (NASDAQ:TSLX) reached a new 52-week high on Tuesday , AR Network reports. The stock traded as high as $18.83 and last traded at $18.82, with a volume of 61,250 shares trading hands. The stock had previously closed at $18.32.
A number of analysts have recently weighed in on TSLX shares. Analysts at Bank of America reiterated a “buy” rating on shares of TPG Specialty Lending in a research note on Thursday, May 15th. They now have a $18.50 price target on the stock, up previously from $17.50. Separately, analysts at JMP Securities initiated coverage on shares of TPG Specialty Lending in a research note on Tuesday, April 29th. They set a “market perform” rating on the stock. Finally, analysts at Zacks initiated coverage on shares of TPG Specialty Lending in a research note on Wednesday, April 23rd. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.64.
The stock’s 50-day moving average is $17.58 and its 200-day moving average is $17.39. The company has a market cap of $996.0 million and a P/E ratio of 8.79.
TPG Specialty Lending (NASDAQ:TSLX) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.20. On average, analysts predict that TPG Specialty Lending will post $1.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 8.30%. The ex-dividend date is Thursday, June 26th.
TPG Specialty Lending, Inc (NASDAQ:TSLX) is a specialty finance company focused on lending to middle-market companies.
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