BidaskClub upgraded shares of TPG Specialty Lending, Inc. (NYSE:TSLX) from a buy rating to a strong-buy rating in a research report released on Tuesday, August 1st.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research raised TPG Specialty Lending from a hold rating to a buy rating and set a $23.00 target price for the company in a research report on Wednesday, July 5th. National Securities reaffirmed a neutral rating and set a $19.00 target price on shares of TPG Specialty Lending in a research report on Monday, May 8th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given 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 (NYSE:TSLX) traded up 0.33% during mid-day trading on Tuesday, hitting $21.33. 350,242 shares of the stock were exchanged. The company has a 50 day moving average price of $20.70 and a 200 day moving average price of $20.24. TPG Specialty Lending has a 52 week low of $17.00 and a 52 week high of $21.62.

TPG Specialty Lending (NYSE:TSLX) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The firm had revenue of $58.82 million during the quarter, compared to analysts’ expectations of $49.41 million. TPG Specialty Lending had a return on equity of 12.68% and a net margin of 60.77%. The company’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities analysts expect that TPG Specialty Lending will post $1.91 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “TPG Specialty Lending, Inc. (NYSE:TSLX) Raised to “Strong-Buy” at BidaskClub” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://theolympiareport.com/2017/08/12/tpg-specialty-lending-inc-nysetslx-upgraded-to-strong-buy-at-bidaskclub-updated.html.

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

Several hedge funds and other institutional investors have recently modified their holdings of TSLX. Confluence Investment Management LLC raised its position in shares of TPG Specialty Lending by 2.2% in the first quarter. Confluence Investment Management LLC now owns 407,300 shares of the financial services provider’s stock worth $8,305,000 after buying an additional 8,813 shares during the period. Koshinski Asset Management Inc. acquired a new position in shares of TPG Specialty Lending during the first quarter worth approximately $215,000. Bank of Montreal Can acquired a new position in shares of TPG Specialty Lending during the first quarter worth approximately $775,000. Sigma Planning Corp acquired a new position in shares of TPG Specialty Lending during the first quarter worth approximately $261,000. Finally, Janney Montgomery Scott LLC raised its position in shares of TPG Specialty Lending by 14.5% in the first quarter. Janney Montgomery Scott LLC now owns 63,522 shares of the financial services provider’s stock worth $1,295,000 after buying an additional 8,024 shares during the period. Institutional investors own 64.35% of the company’s stock.

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)

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.