TPG Specialty Lending Inc (NYSE:TSLX) Director Hurley Doddy bought 2,500 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $20.25 per share, with a total value of $50,625.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TSLX traded up $0.29 during mid-day trading on Monday, reaching $20.79. 195,346 shares of the company were exchanged, compared to its average volume of 202,573. TPG Specialty Lending Inc has a 52 week low of $17.75 and a 52 week high of $21.24. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $1.37 billion, a PE ratio of 9.24, a PEG ratio of 10.94 and a beta of 0.62. The business has a 50 day simple moving average of $19.85 and a two-hundred day simple moving average of $19.96.
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 (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $57.40 million. During the same period last year, the company earned $0.52 earnings per share. On average, analysts predict that TPG Specialty Lending Inc will post 1.84 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC bought a new position in shares of TPG Specialty Lending during the first quarter worth about $28,000. Rockefeller Capital Management L.P. raised its position in shares of TPG Specialty Lending by 403.0% during the second quarter. Rockefeller Capital Management L.P. now owns 1,685 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,350 shares during the last quarter. Advisory Alpha LLC bought a new position in shares of TPG Specialty Lending during the first quarter worth about $34,000. NEXT Financial Group Inc bought a new position in shares of TPG Specialty Lending during the second quarter worth about $49,000. Finally, Arlington Partners LLC bought a new position in shares of TPG Specialty Lending during the second quarter worth about $55,000. Institutional investors own 61.20% of the company’s stock.
Several research firms have commented on TSLX. Wells Fargo & Co upgraded TPG Specialty Lending from a “market perform” rating to an “outperform” rating and increased their target price for the company from $20.50 to $21.00 in a research report on Thursday, August 1st. National Securities reiterated a “buy” rating and issued a $23.00 target price on shares of TPG Specialty Lending in a research report on Monday, May 6th. Finally, Zacks Investment Research downgraded TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.25.
TPG Specialty Lending Company Profile
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.
Further Reading: Hold Rating
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