TPG Specialty Lending, Inc. (TSLX) Upgraded to Hold by BidaskClub

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.

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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.

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