BidaskClub cut shares of TPG Specialty Lending, Inc. (NYSE:TSLX) from a strong-buy rating to a buy rating in a research note released on Thursday.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised TPG Specialty Lending from a hold rating to a buy rating and set a $23.00 target price on the stock in a report on Wednesday, July 5th. SunTrust Banks, Inc. reissued a buy rating and issued a $22.00 target price (up from $21.00) on shares of TPG Specialty Lending in a report on Wednesday, August 9th. National Securities reissued a neutral rating and issued a $19.00 target price on shares of TPG Specialty Lending in a report on Monday, May 8th. Finally, JMP Securities boosted their target price on TPG Specialty Lending from $21.50 to $22.00 and gave the stock an outperform rating in a report on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $20.80.

Shares of TPG Specialty Lending (NYSE TSLX) opened at 20.84 on Thursday. TPG Specialty Lending has a 52-week low of $17.00 and a 52-week high of $21.74. The company has a 50-day moving average price of $20.94 and a 200-day moving average price of $20.50.

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

WARNING: This story was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://theolympiareport.com/2017/09/04/bidaskclub-lowers-tpg-specialty-lending-inc-tslx-to-buy.html.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd boosted its holdings in TPG Specialty Lending by 329.4% in 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. boosted its holdings in TPG Specialty Lending by 45.1% in 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. boosted its holdings in TPG Specialty Lending by 9.5% in 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 boosted its holdings in TPG Specialty Lending by 9.1% in 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 boosted its holdings in TPG Specialty Lending by 100.0% in 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. 62.65% of the stock is currently owned by institutional investors and hedge funds.

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.

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.