TPG Specialty Lending Inc (NYSE:TSLX) has earned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.71.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, August 22nd. ValuEngine cut shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, National Securities increased their target price on shares of TPG Specialty Lending from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 12th.
Several hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new stake in shares of TPG Specialty Lending in the 3rd quarter worth about $4,718,000. Legal & General Group Plc increased its holdings in shares of TPG Specialty Lending by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 251,066 shares of the financial services provider’s stock worth $5,120,000 after acquiring an additional 3,145 shares during the period. Mackenzie Financial Corp increased its holdings in shares of TPG Specialty Lending by 73.1% in the 3rd quarter. Mackenzie Financial Corp now owns 121,186 shares of the financial services provider’s stock worth $2,471,000 after acquiring an additional 51,186 shares during the period. Wakefield Asset Management LLLP acquired a new stake in shares of TPG Specialty Lending in the 3rd quarter worth about $271,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of TPG Specialty Lending in the 3rd quarter worth about $274,000. 60.09% of the stock is currently owned by institutional investors and hedge funds.
TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. TPG Specialty Lending had a net margin of 55.73% and a return on equity of 12.21%. The firm had revenue of $63.00 million for the quarter, compared to the consensus estimate of $58.77 million. During the same period in the prior year, the firm posted $0.41 EPS. As a group, analysts anticipate that TPG Specialty Lending will post 2.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.83%. TPG Specialty Lending’s dividend payout ratio (DPR) is 78.00%.
About TPG Specialty Lending
TPG Specialty Lending, Inc is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.
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