TPG Specialty Lending (NYSE:TSLX) Upgraded at Wells Fargo & Co

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.

TPG Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. TPG Specialty Lending had a return on equity of 12.45% and a net margin of 54.68%. The company had revenue of $62.43 million for the quarter, compared to the consensus estimate of $57.40 million. During the same quarter last year, the company earned $0.52 earnings per share. Equities research analysts expect that TPG Specialty Lending will post 1.85 earnings per share for the current fiscal year.

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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