TPG Specialty Lending, Inc. (NYSE:TSLX) Stock Rating Lowered by Zacks Investment Research

TPG Specialty Lending, Inc. (NYSE:TSLX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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. “

Separately, National Securities reissued a “neutral” rating and set a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, May 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.83.

Shares of TPG Specialty Lending (NYSE TSLX) traded down 0.024% on Thursday, reaching $20.565. 25,481 shares of the company were exchanged. The stock has a 50 day moving average of $20.64 and a 200-day moving average of $19.85. TPG Specialty Lending has a 52-week low of $17.00 and a 52-week high of $21.10.

TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. TPG Specialty Lending had a net margin of 73.53% and a return on equity of 11.94%. The company had revenue of $50.95 million for the quarter, compared to the consensus estimate of $48.81 million. Analysts expect that TPG Specialty Lending will post $1.80 EPS for the current fiscal year.

The business also recently declared a special dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were paid a dividend of $0.04 per share. This represents a yield of 7.68%. The ex-dividend date of this dividend was Friday, May 26th. TPG Specialty Lending’s dividend payout ratio is currently 62.90%.

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A number of institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. acquired a new stake in TPG Specialty Lending during the first quarter valued at about $201,000. Koshinski Asset Management Inc. acquired a new stake in TPG Specialty Lending during the first quarter valued at about $215,000. Dynamic Technology Lab Private Ltd acquired a new stake in TPG Specialty Lending during the first quarter valued at about $233,000. Sigma Planning Corp acquired a new stake in TPG Specialty Lending during the first quarter valued at about $261,000. Finally, M&T Bank Corp acquired a new stake in TPG Specialty Lending during the first quarter valued at about $280,000. 64.38% of the stock is currently owned by institutional investors.

About TPG Specialty Lending

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.

Analyst Recommendations for TPG Specialty Lending (NYSE:TSLX)

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