TPG Specialty Lending Inc (NYSE:TSLX) has been given an average rating of “Hold” by the ten analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.60.
TSLX has been the topic of a number of recent research reports. LADENBURG THALM/SH SH raised TPG Specialty Lending from a “neutral” rating to a “buy” rating in a research note on Thursday, February 22nd. JMP Securities lowered their price objective on TPG Specialty Lending from $22.00 to $21.50 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. SunTrust Banks reissued a “buy” rating and set a $21.00 price objective on shares of TPG Specialty Lending in a research note on Friday, February 23rd. National Securities raised TPG Specialty Lending from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $21.00 in a research note on Monday, February 26th. Finally, ValuEngine lowered TPG Specialty Lending from a “buy” rating to a “hold” rating in a research note on Thursday, March 22nd.
NYSE TSLX traded down $0.08 on Friday, reaching $18.08. 283,000 shares of the company were exchanged, compared to its average volume of 305,410. The firm has a market capitalization of $1.20 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 3.23 and a beta of 0.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.53 and a current ratio of 0.53. TPG Specialty Lending has a fifty-two week low of $17.00 and a fifty-two week high of $21.74.
The firm also recently announced a special dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a yield of 8.27%. This is an increase from TPG Specialty Lending’s previous special dividend of $0.03. TPG Specialty Lending’s payout ratio is currently 78.00%.
In other TPG Specialty Lending news, Director Ronald Tanemura bought 30,000 shares of TPG Specialty Lending stock in a transaction on Friday, March 23rd. The shares were bought at an average price of $17.45 per share, for a total transaction of $523,500.00. Following the completion of the transaction, the director now directly owns 86,516 shares of the company’s stock, valued at $1,509,704.20. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 4.80% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in 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 valued at $115,000 after purchasing an additional 6,001 shares during the period. Whittier Trust Co. purchased a new stake in TPG Specialty Lending in the first quarter valued at $129,000. Corbyn Investment Management Inc. MD purchased a new stake in TPG Specialty Lending in the first quarter valued at $179,000. Texas Yale Capital Corp. purchased a new stake in shares of TPG Specialty Lending in the 4th quarter valued at $278,000. Finally, Geode Capital Management LLC purchased a new stake in shares of TPG Specialty Lending in the 4th quarter valued at $330,000. Institutional investors own 61.87% of the company’s stock.
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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