Investment analysts at Royal Bank of Canada started coverage on shares of TPG Specialty Lending (NYSE:TSLX) in a report issued on Tuesday, The Fly reports. The brokerage set an “outperform” rating and a $23.00 price target on the financial services provider’s stock. Royal Bank of Canada’s target price suggests a potential upside of 5.75% from the stock’s previous close.
TSLX has been the topic of a number of other reports. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Co upgraded TPG Specialty Lending from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $20.50 to $21.00 in a research report on Thursday, August 1st. Finally, LADENBURG THALM/SH SH cut TPG Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.33.
NYSE:TSLX traded up $0.27 during trading hours on Tuesday, hitting $21.75. The stock had a trading volume of 100 shares, compared to its average volume of 195,366. The company has a 50 day simple moving average of $20.95 and a two-hundred day simple moving average of $20.30. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.58 and a quick ratio of 0.58. TPG Specialty Lending has a one year low of $17.75 and a one year high of $22.23. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 9.65, a P/E/G ratio of 11.44 and a beta of 0.61.
In related news, Director Hurley Doddy acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of $20.25 per share, with a total value of $50,625.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.40% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Lenox Wealth Advisors LLC purchased a new position in TPG Specialty Lending in the 3rd quarter worth $28,000. Rockefeller Capital Management L.P. raised its position in shares of TPG Specialty Lending by 403.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,685 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,350 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in shares of TPG Specialty Lending during the 2nd quarter valued at $49,000. Quantamental Technologies LLC raised its position in shares of TPG Specialty Lending by 85.7% during the 2nd quarter. Quantamental Technologies LLC now owns 2,600 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,200 shares in the last quarter. Finally, Arlington Partners LLC purchased a new stake in shares of TPG Specialty Lending during the 2nd quarter valued at $55,000. 60.11% of the stock is currently owned by hedge funds and other institutional investors.
TPG Specialty Lending Company Profile
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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