Zacks Investment Research Downgrades TPG Specialty Lending, Inc. (TSLX) to Hold

TPG Specialty Lending, Inc. (NYSE:TSLX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “TPG Specialty Lending, Inc. is a specialty finance company. It is focused on providing fully-underwritten capital solutions to middle market companies. The Company specializes in standalone first-lien loans, standalone second-lien loans, mezzanine loans, unitranche loans. TPG Specialty Lending, Inc. is based in Fort Worth, Texas. “

A number of other brokerages also recently issued reports on TSLX. BidaskClub downgraded TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 20th. JMP Securities boosted their price target on TPG Specialty Lending from $21.50 to $22.00 and gave the company an “outperform” rating in a report on Monday, August 7th. National Securities reiterated a “neutral” rating and set a $19.00 target price on shares of TPG Specialty Lending in a report on Monday, August 7th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of TPG Specialty Lending in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $21.50.

TPG Specialty Lending (TSLX) opened at $20.35 on Friday. TPG Specialty Lending has a twelve month low of $17.73 and a twelve month high of $21.74. The stock has a market capitalization of $1,225.58, a PE ratio of 10.07, a P/E/G ratio of 3.40 and a beta of 0.69. The company has a current ratio of 0.76, a quick ratio of 0.83 and a debt-to-equity ratio of 0.58.

TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. TPG Specialty Lending had a return on equity of 12.63% and a net margin of 56.43%. The company had revenue of $48.86 million for the quarter, compared to the consensus estimate of $48.58 million. During the same quarter in the previous year, the business earned $0.51 EPS. equities analysts forecast that TPG Specialty Lending will post 1.99 earnings per share for the current year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio lifted its position in TPG Specialty Lending by 2.0% in the 3rd quarter. Strs Ohio now owns 4,642,465 shares of the financial services provider’s stock valued at $97,306,000 after acquiring an additional 90,656 shares in the last quarter. Muzinich & Co. Inc. lifted its position in TPG Specialty Lending by 0.7% in the 2nd quarter. Muzinich & Co. Inc. now owns 2,131,705 shares of the financial services provider’s stock valued at $43,593,000 after acquiring an additional 15,806 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in TPG Specialty Lending by 4.5% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 363,459 shares of the financial services provider’s stock valued at $7,618,000 after acquiring an additional 15,632 shares in the last quarter. Van ECK Associates Corp lifted its position in TPG Specialty Lending by 13.7% in the 2nd quarter. Van ECK Associates Corp now owns 343,283 shares of the financial services provider’s stock valued at $7,020,000 after acquiring an additional 41,274 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in TPG Specialty Lending by 27.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 305,545 shares of the financial services provider’s stock valued at $6,248,000 after acquiring an additional 65,998 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.

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