TPG Specialty Lending Sets New 12-Month High at $24.41 (TSLX)
TPG Specialty Lending (NASDAQ:TSLX) shares reached a new 52-week high during mid-day trading on Wednesday , AnalystRatings.NET reports. The stock traded as high as $24.41 and last traded at $24.15, with a volume of 152,399 shares. The stock had previously closed at $23.42.
A number of analysts have recently weighed in on TSLX shares. Analysts at Bank of America downgraded shares of TPG Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Monday. They now have a $22.00 price target on the stock, up previously from $18.50. Separately, analysts at Wells Fargo & Co. downgraded shares of TPG Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 3rd. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of TPG Specialty Lending in a research note on Thursday, May 29th. They now have a $19.00 price target on the stock, up previously from $17.00. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.42.
The stock’s 50-day moving average is $19.50 and its 200-day moving average is $18.45. The company has a market cap of $1.275 billion and a P/E ratio of 11.24.
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. Analysts expect that TPG Specialty Lending will post $1.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend 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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