SunTrust Banks, Inc. Reiterates Buy Rating for TPG Specialty Lending, Inc. (TSLX)

SunTrust Banks, Inc. reissued their buy rating on shares of TPG Specialty Lending, Inc. (NYSE:TSLX) in a report issued on Friday. SunTrust Banks, Inc. currently has a $22.00 target price on the financial services provider’s stock.

Several other research firms have also commented on TSLX. BidaskClub lowered shares of TPG Specialty Lending from a strong-buy rating to a buy rating in a report on Thursday, August 31st. Zacks Investment Research upgraded shares of TPG Specialty Lending from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research note on Tuesday, July 25th. JMP Securities lifted their price objective on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the company an outperform rating in a research note on Monday, August 7th. Finally, National Securities reiterated a neutral rating and set a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. TPG Specialty Lending currently has an average rating of Hold and an average target price of $21.75.

TPG Specialty Lending (NYSE:TSLX) opened at $20.43 on Friday. TPG Specialty Lending has a 1-year low of $17.93 and a 1-year high of $21.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $1,225.58, a P/E ratio of 10.07, a P/E/G ratio of 3.40 and a beta of 0.69.

TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.08. TPG Specialty Lending had a net margin of 56.43% and a return on equity of 12.63%. The firm had revenue of $48.86 million for the quarter, compared to analyst estimates of $48.58 million. During the same quarter last year, the firm posted $0.51 earnings per share. equities analysts expect that TPG Specialty Lending will post 1.99 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.64%. TPG Specialty Lending’s dividend payout ratio is currently 79.59%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp raised its stake in shares of TPG Specialty Lending by 19.0% during the third quarter. Mackenzie Financial Corp now owns 66,000 shares of the financial services provider’s stock valued at $1,383,000 after purchasing an additional 10,553 shares during the period. OxFORD Asset Management LLP raised its stake in shares of TPG Specialty Lending by 767.3% during the third quarter. OxFORD Asset Management LLP now owns 106,007 shares of the financial services provider’s stock valued at $2,203,000 after purchasing an additional 93,784 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of TPG Specialty Lending during the third quarter valued at approximately $809,000. Mckinley Capital Management LLC Delaware raised its stake in shares of TPG Specialty Lending by 14.7% during the third quarter. Mckinley Capital Management LLC Delaware now owns 206,157 shares of the financial services provider’s stock valued at $4,321,000 after purchasing an additional 26,386 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of TPG Specialty Lending during the third quarter valued at approximately $687,000. Institutional investors own 62.73% of the company’s stock.

TPG Specialty Lending Company Profile

TPG Specialty Lending, Inc is an externally managed, closed-end, non-diversified management investment company. The Company is a specialty finance company focused on lending to middle-market companies. It seeks to generate current income primarily in the United States-domiciled middle-market companies through direct originations of senior secured loans and originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.

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