TPG Specialty Lending, Inc. (TSLX) Receives “Buy” Rating from SunTrust Banks, Inc.

TPG Specialty Lending, Inc. (NYSE:TSLX)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust Banks, Inc. in a report released on Wednesday, August 9th. They currently have a $22.00 target price on the financial services provider’s stock, up from their previous target price of $21.00. SunTrust Banks, Inc.’s target price suggests a potential upside of 4.96% from the stock’s previous close.

A number of other research analysts have also recently issued reports on TSLX. Zacks Investment Research cut TPG Specialty Lending from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub upgraded TPG Specialty Lending from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. National Securities restated a “neutral” rating and issued a $19.00 price target on shares of TPG Specialty Lending in a research note on Monday, August 7th. Finally, JMP Securities boosted their price target on TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. TPG Specialty Lending presently has an average rating of “Buy” and an average price target of $20.80.

Shares of TPG Specialty Lending (NYSE:TSLX) traded down 1.50% during trading on Wednesday, reaching $20.96. The company’s stock had a trading volume of 286,947 shares. The stock’s 50 day moving average price is $20.82 and its 200-day moving average price is $20.34. TPG Specialty Lending has a 52-week low of $17.00 and a 52-week high of $21.74.

TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.11. The business had revenue of $58.82 million during the quarter, compared to analysts’ expectations of $49.41 million. TPG Specialty Lending had a return on equity of 12.68% and a net margin of 60.77%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, equities analysts anticipate that TPG Specialty Lending will post $1.91 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd boosted its stake in TPG Specialty Lending by 329.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 49,030 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 37,611 shares during the period. National Asset Management Inc. boosted its stake in TPG Specialty Lending by 45.1% in the second quarter. National Asset Management Inc. now owns 29,303 shares of the financial services provider’s stock worth $600,000 after buying an additional 9,114 shares during the period. Nomura Holdings Inc. boosted its stake in TPG Specialty Lending by 9.5% in the second quarter. Nomura Holdings Inc. now owns 231,897 shares of the financial services provider’s stock worth $4,748,000 after buying an additional 20,122 shares during the period. Caxton Associates LP raised its stake in TPG Specialty Lending by 9.1% in the second quarter. Caxton Associates LP now owns 35,091 shares of the financial services provider’s stock valued at $718,000 after buying an additional 2,922 shares in the last quarter. Finally, Shelton Capital Management raised its stake in TPG Specialty Lending by 100.0% in the second quarter. Shelton Capital Management now owns 50,000 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 25,000 shares in the last quarter. Institutional investors own 64.35% 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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