TPG Specialty Lending (TSLX) Downgraded by ValuEngine to “Hold”

ValuEngine cut shares of TPG Specialty Lending (NYSE:TSLX) from a buy rating to a hold rating in a report published on Thursday morning.

Several other research firms have also commented on TSLX. Ladenburg Thalmann Financial Services upgraded shares of TPG Specialty Lending from a neutral rating to a buy rating in a report on Thursday, February 22nd. SunTrust Banks restated a buy rating and issued a $21.00 price target on shares of TPG Specialty Lending in a report on Friday, February 23rd. National Securities upgraded shares of TPG Specialty Lending from a neutral rating to a buy rating and boosted their price target for the company from $20.00 to $21.00 in a report on Monday, February 26th. Finally, JMP Securities reduced their price target on shares of TPG Specialty Lending from $22.00 to $21.50 and set an outperform rating for the company in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. TPG Specialty Lending currently has a consensus rating of Hold and an average target price of $21.63.

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Shares of TPG Specialty Lending stock opened at $17.52 on Thursday. TPG Specialty Lending has a twelve month low of $17.00 and a twelve month high of $21.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $1,058.23, a PE ratio of 9.47, a PEG ratio of 3.21 and a beta of 0.63.

TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. TPG Specialty Lending had a net margin of 53.80% and a return on equity of 12.45%. The business had revenue of $48.80 million during the quarter, compared to analyst estimates of $49.58 million. During the same quarter in the previous year, the business posted $0.47 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. sell-side analysts expect that TPG Specialty Lending will post 1.82 earnings per share for the current year.

The company also recently disclosed a special dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be given a $0.03 dividend. This represents a dividend yield of 8.52%. The ex-dividend date is Tuesday, February 27th. TPG Specialty Lending’s payout ratio is currently 84.32%.

In other news, Director John Ross acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average price of $18.40 per share, with a total value of $92,000.00. Following the transaction, the director now directly owns 22,701 shares in the company, valued at $417,698.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard A. Higginbotham acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of $18.32 per share, for a total transaction of $183,200.00. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 16,295 shares of company stock worth $298,852. Insiders own 4.90% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. grew its position in shares of TPG Specialty Lending by 56.2% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 88,289 shares of the financial services provider’s stock worth $1,851,000 after buying an additional 31,754 shares during the last quarter. Nationwide Fund Advisors purchased a new position in shares of TPG Specialty Lending in the 3rd quarter worth approximately $256,000. Atlantic Trust Group LLC purchased a new position in shares of TPG Specialty Lending in the 3rd quarter worth approximately $2,100,000. Mackenzie Financial Corp grew its position in shares of TPG Specialty Lending by 19.0% in the 3rd quarter. Mackenzie Financial Corp now owns 66,000 shares of the financial services provider’s stock worth $1,383,000 after buying an additional 10,553 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in TPG Specialty Lending during the 3rd quarter worth approximately $811,000. 62.76% of the stock is currently owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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