Wells Fargo & Co upgraded shares of TPG Specialty Lending (NYSE:TSLX) from a market perform rating to an outperform rating in a report released on Thursday, Briefing.com Automated Import reports. Wells Fargo & Co currently has $21.00 price target on the financial services provider’s stock, up from their previous price target of $20.50.
A number of other equities research analysts also recently weighed in on the company. National Securities reaffirmed a buy rating and set a $23.00 price objective on shares of TPG Specialty Lending in a research report on Monday, May 6th. Zacks Investment Research downgraded TPG Specialty Lending from a hold rating to a sell rating in a research report on Saturday, July 27th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $22.25.
TSLX stock traded up $0.47 during trading on Thursday, reaching $20.28. 369,883 shares of the company traded hands, compared to its average volume of 181,525. TPG Specialty Lending has a 12 month low of $17.75 and a 12 month high of $21.24. The company’s 50 day moving average price is $19.71. The company has a market capitalization of $1.31 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 10.75 and a beta of 0.62. The company has a quick ratio of 0.61, a current ratio of 0.69 and a debt-to-equity ratio of 0.84.
In related news, Director Hurley Doddy acquired 2,100 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $19.80 per share, with a total value of $41,580.00. Following the completion of the transaction, the director now directly owns 3,900 shares in the company, valued at $77,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC purchased a new stake in TPG Specialty Lending in the first quarter valued at about $28,000. Advisory Alpha LLC purchased a new stake in TPG Specialty Lending in the first quarter valued at about $34,000. NEXT Financial Group Inc purchased a new stake in TPG Specialty Lending in the second quarter valued at about $49,000. Arlington Partners LLC purchased a new stake in TPG Specialty Lending in the second quarter valued at about $55,000. Finally, Synovus Financial Corp raised its stake in TPG Specialty Lending by 27.0% in the first quarter. Synovus Financial Corp now owns 3,958 shares of the financial services provider’s stock valued at $79,000 after buying an additional 842 shares during the last quarter. Institutional investors own 61.02% of the company’s stock.
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.
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