TPG Specialty Lending (TSLX) Downgraded to Sell at ValuEngine

ValuEngine cut shares of TPG Specialty Lending (NYSE:TSLX) from a hold rating to a sell rating in a report issued on Monday.

Other equities analysts have also recently issued research reports about the stock. TheStreet upgraded shares of TPG Specialty Lending from a c+ rating to a b rating in a research report on Tuesday, July 31st. Keefe, Bruyette & Woods set a $22.00 price objective on shares of TPG Specialty Lending and gave the stock a buy rating in a research note on Thursday, August 2nd. National Securities reissued a buy rating and set a $21.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 6th. Zacks Investment Research raised shares of TPG Specialty Lending from a hold rating to a strong-buy rating and set a $24.00 price objective on the stock in a research note on Tuesday, September 25th. Finally, SunTrust Banks reissued a buy rating and set a $22.00 price objective on shares of TPG Specialty Lending in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $21.43.

Shares of NYSE TSLX opened at $19.86 on Monday. TPG Specialty Lending has a 1 year low of $17.00 and a 1 year high of $21.07. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market cap of $1.33 billion, a P/E ratio of 9.93, a P/E/G ratio of 5.05 and a beta of 0.66.

TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.09. TPG Specialty Lending had a net margin of 53.60% and a return on equity of 12.40%. The company had revenue of $66.40 million for the quarter, compared to analysts’ expectations of $58.63 million. During the same quarter in the previous year, the company earned $0.57 earnings per share. As a group, equities analysts predict that TPG Specialty Lending will post 2.02 EPS for the current fiscal year.

The firm also recently disclosed a special dividend, which was paid on Friday, September 28th. Investors of record on Friday, August 31st were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, August 30th. This represents a yield of 7.9%. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.06. TPG Specialty Lending’s payout ratio is presently 78.00%.

In other TPG Specialty Lending news, Director Richard A. Higginbotham acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were acquired at an average price of $19.73 per share, with a total value of $39,460.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $394,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in shares of TPG Specialty Lending by 1,363.9% in the first quarter. PNC Financial Services Group Inc. now owns 6,441 shares of the financial services provider’s stock worth $115,000 after buying an additional 6,001 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of TPG Specialty Lending in the second quarter worth approximately $121,000. Tower Research Capital LLC TRC lifted its stake in shares of TPG Specialty Lending by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,481 shares of the financial services provider’s stock worth $134,000 after buying an additional 5,660 shares in the last quarter. Natixis bought a new position in shares of TPG Specialty Lending in the second quarter worth approximately $208,000. Finally, Koch Industries Inc. bought a new position in shares of TPG Specialty Lending in the first quarter worth approximately $338,000. 60.19% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for TPG Specialty Lending (NYSE:TSLX)

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