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.
COPYRIGHT VIOLATION WARNING: “TPG Specialty Lending, Inc. (TSLX) Receives “Buy” Rating from SunTrust Banks, Inc.” was published by BNB Daily and is owned by of BNB Daily. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.baseball-news-blog.com/2017/08/19/tpg-specialty-lending-inc-tslx-stock-rating-reaffirmed-by-suntrust-banks-inc-updated.html.
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.
Receive News & Ratings for TPG Specialty Lending Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG Specialty Lending Inc. and related companies with MarketBeat.com's FREE daily email newsletter.