SunTrust Banks, Inc. reaffirmed their buy rating on shares of TPG Specialty Lending, Inc. (NYSE:TSLX) in a research report released on Wednesday. SunTrust Banks, Inc. currently has a $22.00 target price on the financial services provider’s stock, up from their prior target price of $21.00.

A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of TPG Specialty Lending from a buy rating to a hold rating in a research note on Tuesday. JMP Securities upped their price objective on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the company an outperform rating in a research note on Monday, August 7th. National Securities reaffirmed a neutral rating and set a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 7th. Finally, BidaskClub raised shares of TPG Specialty Lending from a buy rating to a strong-buy rating in a research note on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. TPG Specialty Lending has an average rating of Buy and an average target price of $20.17.

TPG Specialty Lending (TSLX) traded up 0.33% during midday trading on Wednesday, reaching $21.33. 350,242 shares of the company traded hands. The company’s 50-day moving average price is $20.70 and its 200 day moving average price is $20.24. TPG Specialty Lending has a 12 month low of $17.00 and a 12 month high of $21.62.

TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.11. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. The company had revenue of $58.82 million during the quarter, compared to the consensus estimate of $49.41 million. During the same quarter in the prior year, the company posted $0.43 EPS. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities research analysts anticipate that TPG Specialty Lending will post $1.91 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://theolympiareport.com/2017/08/12/suntrust-banks-inc-reaffirms-buy-rating-for-tpg-specialty-lending-inc-tslx.html.

The business also recently disclosed a special dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a dividend yield of 7.38%. This is an increase from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s dividend payout ratio is currently 71.89%.

Several hedge funds and other institutional investors have recently bought and sold shares of TSLX. Muzinich & Co. Inc. increased its position in TPG Specialty Lending by 0.7% in the second quarter. Muzinich & Co. Inc. now owns 2,131,705 shares of the financial services provider’s stock worth $43,593,000 after buying an additional 15,806 shares in the last quarter. Greenwich Investment Management Inc. purchased a new stake in shares of TPG Specialty Lending during the second quarter worth about $2,305,000. California Public Employees Retirement System purchased a new stake in shares of TPG Specialty Lending during the second quarter worth about $491,000. Pinebridge Investments L.P. boosted its stake in shares of TPG Specialty Lending by 1.9% in the second quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock worth $104,000 after buying an additional 94 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of TPG Specialty Lending by 81.5% in the second quarter. GSA Capital Partners LLP now owns 38,684 shares of the financial services provider’s stock worth $791,000 after buying an additional 17,370 shares during the last quarter. 64.35% of the stock is owned by institutional investors.

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.

Analyst Recommendations for TPG Specialty Lending (NYSE:TSLX)

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 Analyst Ratings Network's FREE daily email newsletter.