Zacks Investment Research Lowers TPG Specialty Lending, Inc. (TSLX) to Hold
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.
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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