TPG Specialty Lending (NYSE:TSLX) Stock Price Passes Below 50 Day Moving Average of $21.32

TPG Specialty Lending Inc (NYSE:TSLX) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.

Several equities research analysts have issued reports on the stock. LADENBURG THALM/SH SH downgraded shares of TPG Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, Royal Bank of Canada assumed coverage on shares of TPG Specialty Lending in a research note on Tuesday, November 12th. They set an “outperform” rating and a $23.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. TPG Specialty Lending has an average rating of “Buy” and an average price target of $22.33.

The firm has a market capitalization of $1.44 billion, a PE ratio of 9.60, a P/E/G ratio of 11.42 and a beta of 0.60. The firm’s 50 day moving average price is $21.34 and its two-hundred day moving average price is $20.47. The company has a quick ratio of 0.58, a current 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 for the quarter, beating the consensus estimate of $0.48 by $0.07. The business had revenue of $70.05 million during the quarter, compared to the consensus estimate of $64.45 million. TPG Specialty Lending had a net margin of 50.49% and a return on equity of 12.75%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. On average, sell-side analysts anticipate that TPG Specialty Lending Inc will post 1.89 earnings per share for the current fiscal year.

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

Hedge funds have recently made changes to their positions in the company. Synovus Financial Corp boosted its stake in TPG Specialty Lending by 12.2% during the 3rd 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. Monument Capital Management boosted its stake in TPG Specialty Lending by 1.3% during the 3rd quarter. Monument Capital Management now owns 65,077 shares of the financial services provider’s stock valued at $1,365,000 after acquiring an additional 834 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in TPG Specialty Lending by 1.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 64,180 shares of the financial services provider’s stock valued at $1,347,000 after acquiring an additional 865 shares during the last quarter. IFG Advisory LLC boosted its stake in TPG Specialty Lending by 6.9% during the 2nd quarter. IFG Advisory LLC now owns 15,522 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 1,008 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its stake in TPG Specialty Lending by 1.8% during the 3rd quarter. SeaBridge Investment Advisors LLC now owns 62,735 shares of the financial services provider’s stock valued at $1,316,000 after acquiring an additional 1,090 shares during the last quarter. Institutional investors and hedge funds 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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