TPG Specialty Lending Inc (NYSE:TSLX) Director Hurley Doddy bought 2,100 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was purchased at an average price of $19.80 per share, for a total transaction of $41,580.00. Following the purchase, the director now owns 3,900 shares of the company’s stock, valued at approximately $77,220. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of TPG Specialty Lending stock opened at $19.81 on Wednesday. The company has a market cap of $1.29 billion, a P/E ratio of 8.80, a P/E/G ratio of 10.40 and a beta of 0.72. TPG Specialty Lending Inc has a twelve month low of $17.48 and a twelve month high of $21.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.61.
TPG Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). TPG Specialty Lending had a net margin of 48.29% and a return on equity of 13.05%. The company had revenue of $52.49 million for the quarter, compared to the consensus estimate of $56.40 million. During the same quarter last year, the company earned $0.56 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, research analysts anticipate that TPG Specialty Lending Inc will post 1.88 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in TSLX. Quantamental Technologies LLC purchased a new stake in TPG Specialty Lending during the first quarter valued at approximately $28,000. Advisory Alpha LLC purchased a new stake in TPG Specialty Lending during the first quarter valued at approximately $34,000. Synovus Financial Corp purchased a new stake in TPG Specialty Lending during the fourth quarter valued at approximately $56,000. Pearl River Capital LLC purchased a new stake in TPG Specialty Lending during the fourth quarter valued at approximately $67,000. Finally, Golden State Wealth Management LLC purchased a new stake in TPG Specialty Lending during the first quarter valued at approximately $105,000. 57.63% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on TSLX shares. National Securities restated a “buy” rating and set a $23.00 price objective on shares of TPG Specialty Lending in a research report on Monday, February 25th. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, Wells Fargo & Co downgraded shares of TPG Specialty Lending from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $21.00 to $20.50 in a research report on Monday, May 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. TPG Specialty Lending presently has a consensus rating of “Hold” and a consensus target price of $21.57.
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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.
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