TPG Specialty Lending, Inc. (NYSE:TSLX) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other research firms have also recently commented on TSLX. Zacks Investment Research raised shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, July 5th. National Securities reaffirmed a “neutral” rating and issued a $19.00 target price on shares of TPG Specialty Lending in a research note on Monday, May 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. TPG Specialty Lending presently has a consensus rating of “Hold” and an average price target of $18.83.

TPG Specialty Lending (NYSE TSLX) opened at 20.39 on Thursday. TPG Specialty Lending has a 12-month low of $17.00 and a 12-month high of $21.10. The company has a 50-day moving average price of $20.59 and a 200-day moving average price of $20.02.

TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Wednesday, May 3rd. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. The firm had revenue of $50.95 million during the quarter, compared to analysts’ expectations of $48.81 million. TPG Specialty Lending had a net margin of 73.53% and a return on equity of 11.94%. Equities research analysts expect that TPG Specialty Lending will post $1.80 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. Summit Global Investments raised its position in shares of TPG Specialty Lending by 1.5% in the first quarter. Summit Global Investments now owns 22,609 shares of the financial services provider’s stock worth $461,000 after buying an additional 341 shares during the period. Koshinski Asset Management Inc. raised its position in shares of TPG Specialty Lending by 21.8% in the second quarter. Koshinski Asset Management Inc. now owns 12,850 shares of the financial services provider’s stock worth $263,000 after buying an additional 2,300 shares during the period. Goldman Sachs Group Inc. raised its position in shares of TPG Specialty Lending by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 41,617 shares of the financial services provider’s stock worth $849,000 after buying an additional 2,396 shares during the period. Mckinley Capital Management LLC Delaware raised its position in shares of TPG Specialty Lending by 4.6% in the first quarter. Mckinley Capital Management LLC Delaware now owns 182,119 shares of the financial services provider’s stock worth $3,713,000 after buying an additional 8,022 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of TPG Specialty Lending by 14.5% in the first quarter. Janney Montgomery Scott LLC now owns 63,522 shares of the financial services provider’s stock worth $1,295,000 after buying an additional 8,024 shares during the period. Institutional investors own 64.38% of the company’s stock.

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.

Analyst Recommendations for TPG Specialty Lending (NYSE:TSLX)

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