Published On: Thu, Sep 22nd, 2016

TPG Specialty Lending Inc. (TSLX) Rating Lowered to Hold at TheStreet

TPG Specialty Lending Inc. (NYSE:TSLX) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
TSLX has been the subject of several other research reports. Zacks Investment Research cut TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Bank of America Corp. restated a “buy” rating on shares of TPG Specialty Lending in a report on Monday, June 6th. National Securities restated a “buy” rating and set a $18.00 price target on shares of TPG Specialty Lending in a report on Friday, August 5th. Citigroup Inc. raised their price target on TPG Specialty Lending from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Friday, August 12th. Finally, JPMorgan Chase & Co. raised their price target on TPG Specialty Lending from $17.00 to $17.50 and gave the company a “neutral” rating in a report on Friday, August 5th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $18.50.
TPG Specialty Lending (NYSE:TSLX) remained flat at $18.15 during trading on Tuesday. 93,067 shares of the company traded hands. TPG Specialty Lending has a 12-month low of $15.11 and a 12-month high of $18.79. The stock has a 50 day moving average price of $18.14 and a 200 day moving average price of $16.94.

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TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Wednesday, August 3rd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. TPG Specialty Lending had a return on equity of 11.27% and a net margin of 40.42%. The firm earned $46.03 million during the quarter, compared to analysts’ expectations of $45.12 million. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Equities analysts forecast that TPG Specialty Lending will post $1.70 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 8.60%. The ex-dividend date of this dividend is Wednesday, September 28th. TPG Specialty Lending’s payout ratio is 124.80%.
In related news, CFO Ian Simmonds acquired 2,150 shares of the stock in a transaction dated Monday, August 15th. The stock was acquired at an average cost of $18.15 per share, with a total value of $39,022.50. Following the purchase, the chief financial officer now directly owns 2,150 shares of the company’s stock, valued at $39,022.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.90% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in shares of TPG Specialty Lending during the second quarter worth about $185,000. Ladenburg Thalmann Financial Services Inc. acquired a new stake in shares of TPG Specialty Lending during the first quarter worth about $187,000. LPL Financial LLC raised its stake in shares of TPG Specialty Lending by 4.0% in the first quarter. LPL Financial LLC now owns 12,528 shares of the company’s stock worth $202,000 after buying an additional 486 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of TPG Specialty Lending during the second quarter worth about $244,000. Finally, PineBridge Investments L.P. raised its stake in shares of TPG Specialty Lending by 188.7% in the second quarter. PineBridge Investments L.P. now owns 15,558 shares of the company’s stock worth $258,000 after buying an additional 10,169 shares in the last quarter. 59.54% of the stock is owned by institutional investors and hedge funds.
TPG Specialty Lending Company Profile
TPG Specialty Lending, Inc (TSL) 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, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities.

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