TPG Specialty Lending Inc (NYSE:TSLX) Director Hurley Doddy Purchases 2,500 Shares

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.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.77%. TPG Specialty Lending’s dividend payout ratio (DPR) is 69.33%.

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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