TPG Specialty Lending (NYSE:TSLX) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of TPG Specialty Lending (NYSE:TSLX) from a hold rating to a sell rating in a research note released on Friday, Zacks.com reports.

According to Zacks, “TPG Specialty Lending, Inc. is a specialty finance company. It is focused on providing fully-underwritten capital solutions to middle market companies. The Company specializes in standalone first-lien loans, standalone second-lien loans, mezzanine loans, unitranche loans. TPG Specialty Lending, Inc. is based in Fort Worth, Texas. “

A number of other brokerages have also issued reports on TSLX. LADENBURG THALM/SH SH lowered TPG Specialty Lending from a buy rating to a neutral rating in a research note on Thursday, November 7th. Royal Bank of Canada assumed coverage on TPG Specialty Lending in a research note on Tuesday, November 12th. They issued an outperform rating and a $23.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $22.33.

NYSE:TSLX opened at $21.81 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $1.45 billion, a PE ratio of 9.69, a P/E/G ratio of 11.24 and a beta of 0.59. TPG Specialty Lending has a fifty-two week low of $19.07 and a fifty-two week high of $22.23. The company has a fifty day moving average of $21.59 and a two-hundred day moving average of $20.82.

TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. TPG Specialty Lending had a return on equity of 12.75% and a net margin of 50.49%. The company had revenue of $70.05 million for the quarter, compared to analysts’ expectations of $64.45 million. During the same period in the previous year, the firm posted $0.50 EPS. TPG Specialty Lending’s revenue was up 11.2% compared to the same quarter last year. Research analysts forecast that TPG Specialty Lending will post 1.9 earnings per share for the current year.

The firm also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be given a $0.39 dividend. The ex-dividend date is Thursday, December 12th. TPG Specialty Lending’s dividend payout ratio is currently 69.33%.

Several large investors have recently modified their holdings of the stock. Lenox Wealth Advisors LLC acquired a new position in TPG Specialty Lending in the third quarter valued at about $28,000. Quantamental Technologies LLC increased its position in shares of TPG Specialty Lending by 85.7% during the second quarter. Quantamental Technologies LLC now owns 2,600 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,200 shares during the last quarter. Synovus Financial Corp increased its position in shares of TPG Specialty Lending by 12.2% during the third quarter. Synovus Financial Corp now owns 4,441 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 483 shares during the last quarter. BB&T Securities LLC purchased a new stake in shares of TPG Specialty Lending in the 3rd quarter valued at approximately $392,000. Finally, Dean Capital Investments Management LLC raised its stake in shares of TPG Specialty Lending by 12.5% in the 3rd quarter. Dean Capital Investments Management LLC now owns 23,259 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 2,580 shares during the period. 59.75% of the stock is owned by hedge funds and other institutional investors.

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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