TPG Specialty Lending, Inc. (NYSE:TSLX) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.

A number of other analysts also recently issued reports on TSLX. SunTrust Banks, Inc. reissued a “buy” rating and set a $22.00 price target (up from $21.00) on shares of TPG Specialty Lending in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. National Securities reissued a “neutral” rating and set a $19.00 price target on shares of TPG Specialty Lending in a report on Monday, August 7th. Finally, JMP Securities increased their price target on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. TPG Specialty Lending has a consensus rating of “Hold” and an average target price of $20.80.

Shares of TPG Specialty Lending (TSLX) opened at 20.31 on Friday. The stock’s 50 day moving average is $20.95 and its 200 day moving average is $20.53. TPG Specialty Lending has a 12 month low of $17.00 and a 12 month high of $21.74.

TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.11. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. The firm had revenue of $58.82 million for the quarter, compared to the consensus estimate of $49.41 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. Analysts forecast that TPG Specialty Lending will post $1.91 EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio lifted its holdings in TPG Specialty Lending by 2.2% during the second quarter. Strs Ohio now owns 4,551,809 shares of the financial services provider’s stock valued at $93,084,000 after purchasing an additional 96,815 shares in the last quarter. Muzinich & Co. Inc. lifted its holdings in TPG Specialty Lending by 0.7% during the second quarter. Muzinich & Co. Inc. now owns 2,131,705 shares of the financial services provider’s stock valued at $43,593,000 after purchasing an additional 15,806 shares in the last quarter. UBS Group AG lifted its holdings in TPG Specialty Lending by 17.6% during the first quarter. UBS Group AG now owns 1,410,676 shares of the financial services provider’s stock valued at $28,764,000 after purchasing an additional 211,139 shares in the last quarter. Clough Capital Partners L P lifted its holdings in TPG Specialty Lending by 173.8% during the first quarter. Clough Capital Partners L P now owns 483,863 shares of the financial services provider’s stock valued at $9,564,000 after purchasing an additional 307,163 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its holdings in TPG Specialty Lending by 4.4% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 347,827 shares of the financial services provider’s stock valued at $7,113,000 after purchasing an additional 14,728 shares in the last quarter. 62.65% of the stock is currently owned by institutional investors and hedge funds.

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.

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