TPG Specialty Lending (NYSE:TSLX) Shares Pass Below 50-Day Moving Average of $21.32

TPG Specialty Lending Inc (NYSE:TSLX) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.32 and traded as low as $21.28. TPG Specialty Lending shares last traded at $21.61, with a volume of 16,160 shares changing hands.

A number of equities analysts recently issued reports on TSLX shares. LADENBURG THALM/SH SH lowered shares of TPG Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Royal Bank of Canada started coverage on shares of TPG Specialty Lending in a research report on Tuesday, November 12th. They issued an “outperform” rating and a $23.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $22.33.

The stock’s 50-day moving average is $21.34 and its 200-day moving average is $20.47. The stock has a market cap of $1.44 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 11.42 and a beta of 0.60. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.81.

TPG Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.07. The firm had revenue of $70.05 million during the quarter, compared to analyst estimates of $64.45 million. TPG Specialty Lending had a net margin of 50.49% and a return on equity of 12.75%. TPG Specialty Lending’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. On average, equities analysts forecast that TPG Specialty Lending Inc will post 1.89 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a $0.08 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. TPG Specialty Lending’s dividend payout ratio is presently 69.33%.

Several large investors have recently bought and sold shares of the company. Strs Ohio boosted its position in shares of TPG Specialty Lending by 2.3% during the 3rd quarter. Strs Ohio now owns 5,638,174 shares of the financial services provider’s stock valued at $118,288,000 after purchasing an additional 126,900 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of TPG Specialty Lending by 13.8% during the 3rd quarter. Sound Income Strategies LLC now owns 1,237,141 shares of the financial services provider’s stock valued at $25,955,000 after purchasing an additional 149,583 shares in the last quarter. LSV Asset Management boosted its position in shares of TPG Specialty Lending by 10.9% during the 2nd quarter. LSV Asset Management now owns 796,178 shares of the financial services provider’s stock valued at $15,605,000 after purchasing an additional 77,978 shares in the last quarter. LGT Capital Partners LTD. boosted its position in shares of TPG Specialty Lending by 17.0% during the 3rd quarter. LGT Capital Partners LTD. now owns 643,567 shares of the financial services provider’s stock valued at $13,502,000 after purchasing an additional 93,567 shares in the last quarter. Finally, Cliffwater LLC boosted its position in shares of TPG Specialty Lending by 8.1% during the 2nd quarter. Cliffwater LLC now owns 467,851 shares of the financial services provider’s stock valued at $9,170,000 after purchasing an additional 35,137 shares in the last quarter. Institutional investors own 59.59% of the company’s stock.

About TPG Specialty Lending (NYSE:TSLX)

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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