Brokerage firm JP Morgan Maintains its rating on TPG Specialty Lending Inc(NYSE:TSLX). In a research note issued to the investors, the brokerage major Raises the price-target to $17.50 per share. The shares have been rated Neutral. The rating by JP Morgan was issued on Aug 5, 2016.
In a different note, On Aug 5, 2016, JMP Securities said it Upgrades its rating on TPG Specialty Lending Inc. The shares have been rated ‘Outperform’ by the firm.
TPG Specialty Lending Inc (TSLX) shares turned negative on Wednesdays trading session with the shares closing down -0.01 points or -0.06% at a volume of 97,108. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.1199. The peak price level was also seen at $18.1199 while the days lowest was $17.97. Finally the shares closed at $18.08. The 52-week high of the shares is $18.48 while the 52-week low is $12.68. According to the latest information available, the market cap of the company is $1,077 M.
TPG Specialty Lending Inc has also declared a cash dividend of $0.3900 on Aug 3, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 31, 2016.
TPG Specialty Lending Inc(TSLX) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $46.03M. Analysts had an estimated revenue of $45.12M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.42.
Several Insider Transactions has been reported to the SEC. On May 12, 2016, Richard A Higginbotham (director) purchased 10,000 shares at $16.19 per share price.Also, On Mar 10, 2016, Ronald Tanemura (director) purchased 10,000 shares at $15.95 per share price.On Mar 7, 2016, Joshua Easterly (CEO) purchased 6,500 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.
TPG Specialty Lending Inc. (TSL) 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. The Company seeks to generate current income primarily in the United States domiciled middle-market companies through direct originations of senior secured loans and to a lesser extent originations of mezzanine loans and investments in corporate bonds and equity securities. The companies in which TSL invests use its capital to support organic growth acquisitions market or product expansion and recapitalizations. It invests in first-lien debt second-lien debt mezzanine debt and equity and other investments. As of December 31 2014 its portfolio was invested across 19 different industries including healthcare and pharmaceuticals business services and financial services. TSL is managed by TSL Advisers LLC (the Adviser). The Adviser is the Company’s external manager.