TPG Specialty Lending, Inc. (NYSE:TSLX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “TPG Specialty Lending, Inc. is a specialty finance company. It is focused on providing fully-underwritten capital solutions to middle market companies. The Company specializes in standalone first-lien loans, standalone second-lien loans, mezzanine loans, unitranche loans. TPG Specialty Lending, Inc. is based in Fort Worth, Texas. “

A number of other research firms have also weighed in on TSLX. BidaskClub lowered TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 31st. JMP Securities upped their price objective on TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. National Securities reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 7th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $22.00 price objective (up previously from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. TPG Specialty Lending presently has a consensus rating of “Hold” and an average price target of $21.00.

TPG Specialty Lending (NYSE TSLX) traded up 0.215% during mid-day trading on Wednesday, hitting $20.975. The company’s stock had a trading volume of 138,405 shares. The company’s 50 day moving average is $20.61 and its 200-day moving average is $20.66. TPG Specialty Lending has a 52-week low of $17.40 and a 52-week high of $21.74. The stock has a market cap of $1.26 billion, a P/E ratio of 8.424 and a beta of 0.71.

TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The firm had revenue of $58.82 million during the quarter, compared to analyst estimates of $49.41 million. TPG Specialty Lending had a return on equity of 12.68% and a net margin of 60.77%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, equities analysts predict that TPG Specialty Lending will post $1.91 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. lifted its position in shares of TPG Specialty Lending by 1.9% in the second quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock worth $104,000 after buying an additional 94 shares in the last quarter. GAM Holding AG purchased a new stake in shares of TPG Specialty Lending in the third quarter worth about $114,000. Ameriprise Financial Inc. purchased a new stake in shares of TPG Specialty Lending in the first quarter worth about $201,000. Koshinski Asset Management Inc. purchased a new stake in shares of TPG Specialty Lending in the first quarter worth about $215,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of TPG Specialty Lending in the second quarter worth about $185,000. Institutional investors own 62.65% 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.

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