TPG Specialty Lending, Inc. (NYSE:TSLX) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.
TSLX has been the subject of a number of other reports. National Securities restated a “neutral” rating and issued a $19.00 target price on shares of TPG Specialty Lending in a research note on Monday, August 7th. Zacks Investment Research upgraded 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. SunTrust Banks, Inc. restated a “buy” rating and issued a $22.00 target price (up from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. Finally, JMP Securities upped their target price on TPG Specialty Lending from $21.50 to $22.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.80.
Shares of TPG Specialty Lending (TSLX) opened at 20.28 on Wednesday. TPG Specialty Lending has a 1-year low of $17.40 and a 1-year high of $21.74. The firm’s 50-day moving average is $20.83 and its 200 day moving average is $20.57.
TPG Specialty Lending (NYSE:TSLX) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. The business 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%. TPG Specialty Lending’s revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. On average, analysts expect that TPG Specialty Lending will post $1.91 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “TPG Specialty Lending, Inc. (TSLX) Upgraded to Hold by BidaskClub” was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.chaffeybreeze.com/2017/09/20/tpg-specialty-lending-inc-tslx-upgraded-to-hold-by-bidaskclub.html.
A number of institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd raised its stake in TPG Specialty Lending by 329.4% during the second quarter. Dynamic Technology Lab Private Ltd now owns 49,030 shares of the financial services provider’s stock worth $1,002,000 after acquiring an additional 37,611 shares in the last quarter. National Asset Management Inc. raised its stake in TPG Specialty Lending by 45.1% during the second quarter. National Asset Management Inc. now owns 29,303 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 9,114 shares in the last quarter. Nomura Holdings Inc. raised its stake in TPG Specialty Lending by 9.5% during the second quarter. Nomura Holdings Inc. now owns 231,897 shares of the financial services provider’s stock worth $4,748,000 after acquiring an additional 20,122 shares in the last quarter. Caxton Associates LP raised its stake in TPG Specialty Lending by 9.1% during the second quarter. Caxton Associates LP now owns 35,091 shares of the financial services provider’s stock worth $718,000 after acquiring an additional 2,922 shares in the last quarter. Finally, Shelton Capital Management raised its stake in TPG Specialty Lending by 100.0% during the second quarter. Shelton Capital Management now owns 50,000 shares of the financial services provider’s stock worth $1,023,000 after acquiring an additional 25,000 shares in the last quarter. Hedge funds and other 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.
Receive News & Ratings for TPG Specialty Lending Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG Specialty Lending Inc. and related companies with MarketBeat.com's FREE daily email newsletter.