TPG Specialty Lending (NYSE:TSLX) Now Covered by Royal Bank of Canada

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.

TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. TPG Specialty Lending had a net margin of 50.49% and a return on equity of 12.75%. The firm had revenue of $70.05 million for the quarter, compared to analysts’ expectations of $64.45 million. During the same quarter last year, the company posted $0.50 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts anticipate that TPG Specialty Lending will post 1.88 earnings per share for the current year.

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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