TPG Specialty Lending (TSLX) Coverage Initiated at Keefe, Bruyette & Woods

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Equities research analysts at Keefe, Bruyette & Woods began coverage on shares of TPG Specialty Lending (NYSE:TSLX) in a report issued on Thursday. The firm set an “outperform” rating on the financial services provider’s stock.

TSLX has been the topic of a number of other reports. ValuEngine downgraded shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Bank of America initiated coverage on shares of TPG Specialty Lending in a research note on Thursday, April 26th. They issued a “buy” rating and a $21.00 target price on the stock. National Securities restated a “buy” rating and issued a $21.00 target price on shares of TPG Specialty Lending in a research note on Thursday, March 22nd. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Wednesday, May 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of TPG Specialty Lending from $19.00 to $18.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. TPG Specialty Lending presently has an average rating of “Hold” and a consensus target price of $20.67.

Shares of TPG Specialty Lending opened at $17.94 on Thursday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 3.06 and a beta of 0.61. TPG Specialty Lending has a one year low of $17.00 and a one year high of $21.74.

TPG Specialty Lending (NYSE:TSLX) last issued its earnings results on Thursday, May 3rd. The financial services provider reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.05. The business had revenue of $57.80 million for the quarter, compared to the consensus estimate of $51.64 million. TPG Specialty Lending had a net margin of 54.68% and a return on equity of 12.45%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. equities analysts forecast that TPG Specialty Lending will post 1.91 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of TPG Specialty Lending by 13.6% in the 1st quarter. Principal Financial Group Inc. now owns 53,353 shares of the financial services provider’s stock worth $953,000 after purchasing an additional 6,405 shares during the period. Kayne Anderson Capital Advisors LP lifted its position in shares of TPG Specialty Lending by 153.1% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 30,122 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 18,222 shares during the period. Legal & General Group Plc lifted its position in shares of TPG Specialty Lending by 18.6% in the 1st quarter. Legal & General Group Plc now owns 222,802 shares of the financial services provider’s stock worth $3,979,000 after purchasing an additional 34,886 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of TPG Specialty Lending in the 1st quarter worth approximately $344,000. Finally, Progeny 3 Inc. lifted its position in shares of TPG Specialty Lending by 35.1% in the 1st quarter. Progeny 3 Inc. now owns 400,027 shares of the financial services provider’s stock worth $7,144,000 after purchasing an additional 104,000 shares during the period. 61.87% of the stock is owned by hedge funds and other institutional investors.

About TPG Specialty Lending

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.

Analyst Recommendations for TPG Specialty Lending (NYSE:TSLX)

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