TPG Specialty Lending, Inc. (TSLX) Hits New 1-Year High at $21.59

TPG Specialty Lending, Inc. (NYSE:TSLX) reached a new 52-week high on Wednesday . The stock traded as high as $21.59 and last traded at $21.59, with a volume of 120,888 shares traded. The stock had previously closed at $21.32.

Several equities research analysts have recently weighed in on TSLX shares. BidaskClub lowered TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 20th. Zacks Investment Research raised TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, July 25th. JMP Securities raised their target price on TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. National Securities reaffirmed a “neutral” rating and issued a $19.00 target price on shares of TPG Specialty Lending in a research report on Monday, August 7th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $22.00 price objective (up from $21.00) on shares of TPG Specialty Lending in a report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $20.80.

The stock has a 50 day moving average of $20.82 and a 200 day moving average of $20.34.

TPG Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. The firm had revenue of $58.82 million for the quarter, compared to analysts’ expectations of $49.41 million. During the same period in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Equities analysts expect that TPG Specialty Lending, Inc. will post $1.91 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This is a boost from TPG Specialty Lending’s previous special dividend of $0.04. This represents a yield of 7.38%. TPG Specialty Lending’s payout ratio is 71.89%.

Large investors have recently modified their holdings of the company. Pinebridge Investments L.P. boosted its stake in shares of TPG Specialty Lending by 1.9% in the second quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock valued at $104,000 after buying an additional 94 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of TPG Specialty Lending during the first quarter worth about $201,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of TPG Specialty Lending during the first quarter worth about $233,000. Sigma Planning Corp purchased a new stake in shares of TPG Specialty Lending during the first quarter worth about $261,000. Finally, Koshinski Asset Management Inc. boosted its stake in shares of TPG Specialty Lending by 21.8% in the second quarter. Koshinski Asset Management Inc. now owns 12,850 shares of the financial services provider’s stock worth $263,000 after buying an additional 2,300 shares during the last quarter. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

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About TPG Specialty Lending

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.