NYSE:TSLX - TPG Specialty Lending Stock Price, News, & Analysis

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$19.67 -0.04 (-0.20 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$19.71
Today's Range$19.64 - $19.75
52-Week Range$17.00 - $21.27
Volume184,700 shs
Average Volume295,382 shs
Market Capitalization$1.29 billion
P/E Ratio9.84
Dividend Yield7.92%
Beta0.66
TPG Specialty Lending logoTPG 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. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Investors, not elsewhere classified
Sub-IndustryN/A
SectorFinance
SymbolNYSE:TSLX
CUSIPN/A
Phone817-871-4000

Debt

Debt-to-Equity Ratio0.81
Current Ratio0.55
Quick Ratio0.55

Price-To-Earnings

Trailing P/E Ratio9.84
Forward P/E Ratio9.88
P/E Growth4.99

Sales & Book Value

Annual Sales$210.90 million
Price / Sales6.07
Cash Flow$1.5537 per share
Price / Cash12.66
Book Value$16.09 per share
Price / Book1.22

Profitability

EPS (Most Recent Fiscal Year)$2.00
Net Income$120.25 million
Net Margins53.60%
Return on Equity12.40%
Return on Assets6.95%

Miscellaneous

EmployeesN/A
Outstanding Shares65,130,000
Market Cap$1.29 billion

TPG Specialty Lending (NYSE:TSLX) Frequently Asked Questions

What is TPG Specialty Lending's stock symbol?

TPG Specialty Lending trades on the New York Stock Exchange (NYSE) under the ticker symbol "TSLX."

How often does TPG Specialty Lending pay dividends? What is the dividend yield for TPG Specialty Lending?

TPG Specialty Lending announced a special dividend on Thursday, August 2nd. Shareholders of record on Friday, August 31st will be paid a dividend of $0.08 per share on Friday, September 28th. This represents a yield of 7.9%. The ex-dividend date of this dividend is Thursday, August 30th. This is a boost from TPG Specialty Lending's previous special dividend of $0.06. View TPG Specialty Lending's Dividend History.

How will TPG Specialty Lending's stock buyback program work?

TPG Specialty Lending declared that its board has approved a stock buyback program on Thursday, April 6th 2017, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

How were TPG Specialty Lending's earnings last quarter?

TPG Specialty Lending Inc (NYSE:TSLX) announced its quarterly earnings data on Wednesday, August, 1st. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.09. The financial services provider earned $66.40 million during the quarter, compared to analysts' expectations of $58.63 million. TPG Specialty Lending had a return on equity of 12.40% and a net margin of 53.60%. During the same quarter last year, the firm earned $0.57 EPS. View TPG Specialty Lending's Earnings History.

When is TPG Specialty Lending's next earnings date?

TPG Specialty Lending is scheduled to release their next quarterly earnings announcement on Tuesday, November, 6th 2018. View Earnings Estimates for TPG Specialty Lending.

What price target have analysts set for TSLX?

7 brokers have issued 1-year price objectives for TPG Specialty Lending's stock. Their forecasts range from $18.50 to $22.00. On average, they anticipate TPG Specialty Lending's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price. View Analyst Price Targets for TPG Specialty Lending.

What is the consensus analysts' recommendation for TPG Specialty Lending?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TPG Specialty Lending in the last year. There are currently 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for TPG Specialty Lending.

What are Wall Street analysts saying about TPG Specialty Lending stock?

Here are some recent quotes from research analysts about TPG Specialty Lending stock:
  • 1. National Securities analysts commented, " TPG earned $0.56/share of NII versus our estimate of $0.46 as a result of the prepayment of the iHeart Communications ABL which we had previously modeled to prepay in 3Q18. The company will likely earn less prepayment-related income such as fees and accelerated unamortized OID in 2H18, in our opinion, as we expect prepayments to slow down.
     It’s worth noting that TSLX had to take a reserve against $592,000 of interest and prepayment fees related to iHeart as the unsecured credit committee of the company filed an objection to income given to the ABL lenders ($0.01/share impact). Additionally, Rex Energy went into chapter 11 in May with the agreement stating that sales from the assets would benefit first lien lenders and the majority of second lien lenders. However, TPG doesn’t have visibility into the asset sales process during the quarter and they thus took a reserve of $3.1 million against the Rex Energy prepayment fee ($0.04/share). We expect TPG to recover the reserves fully by year-end.
     TSLX’ Board approved the reduced asset coverage in August available to the industry although the company will seek shareholder approval at a meeting of stockholders in the near future to try to expedite the effective date of the reduced asset coverage. The company will waive 50 bps of base fees with assets purchased with leverage in excess of 1.00x D/E. While this is better than keeping base fees static, we were disappointed that a company which is otherwise very shareholder friendly didn’t go all-out and just cut fees to 100 bps of gross assets permanently. While there will be some pull-through to the bottom line for shareholders under this structure it is not nearly as much as if the company cut base fees permanently upon the stockholders’ vote.
     We are revising our 2018 NII/share estimate to $1.98 from $1.97 and our 2019 NII/share estimate to $1.93 from $1.90 and maintaining our BUY rating and $21 price target." (8/6/2018)
  • 2. According to Zacks Investment Research, "TPG Specialty Lending, Inc. is a specialty finance company. It is focused on providing fully-underwritten capital solutions to middle market companies. The Company specializes in standalone first-lien loans, standalone second-lien loans, mezzanine loans, unitranche loans. TPG Specialty Lending, Inc. is based in Fort Worth, Texas. " (7/27/2018)

Who are some of TPG Specialty Lending's key competitors?

Who are TPG Specialty Lending's key executives?

TPG Specialty Lending's management team includes the folowing people:
  • Mr. Joshua Easterly, Chairman & Chief Exec. Officer (Age 42)
  • Mr. Robert J. Stanley, Pres (Age 43)
  • Mr. Ian Simmonds, Chief Financial Officer (Age 46)
  • Mr. Michael Graf CPA, Principal Accounting Officer, VP and Controller
  • Ms. Lucy Lu, Investor Relations VP

Has TPG Specialty Lending been receiving favorable news coverage?

News articles about TSLX stock have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TPG Specialty Lending earned a daily sentiment score of 0.12 on Accern's scale. They also assigned news stories about the financial services provider an impact score of 48.16 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for TPG Specialty Lending.

Who are TPG Specialty Lending's major shareholders?

TPG Specialty Lending's stock is owned by a number of of institutional and retail investors. Top institutional investors include Strs Ohio (7.69%), FMR LLC (3.59%), Delphi Financial Group Inc. (2.28%), LSV Asset Management (0.90%), Progeny 3 Inc. (0.80%) and LGT Capital Partners LTD. (0.62%). Company insiders that own TPG Specialty Lending stock include Alan Waxman, David Stiepleman, Ian Simmonds, John Ross, Richard A Higginbotham and Ronald Tanemura. View Institutional Ownership Trends for TPG Specialty Lending.

Which major investors are selling TPG Specialty Lending stock?

TSLX stock was sold by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., LSV Asset Management, Sumitomo Mitsui Asset Management Company LTD, Mckinley Capital Management LLC Delaware, Dean Capital Investments Management LLC, Macquarie Group Ltd., Monument Capital Management and Janney Montgomery Scott LLC. View Insider Buying and Selling for TPG Specialty Lending.

Which major investors are buying TPG Specialty Lending stock?

TSLX stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, LGT Capital Partners LTD., Strs Ohio, Progeny 3 Inc., Delphi Financial Group Inc., Van ECK Associates Corp, Fort Washington Investment Advisors Inc. OH and Connor Clark & Lunn Investment Management Ltd.. Company insiders that have bought TPG Specialty Lending stock in the last two years include Alan Waxman, David Stiepleman, Ian Simmonds, John Ross, Richard A Higginbotham and Ronald Tanemura. View Insider Buying and Selling for TPG Specialty Lending.

How do I buy shares of TPG Specialty Lending?

Shares of TSLX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is TPG Specialty Lending's stock price today?

One share of TSLX stock can currently be purchased for approximately $19.67.

How big of a company is TPG Specialty Lending?

TPG Specialty Lending has a market capitalization of $1.29 billion and generates $210.90 million in revenue each year. The financial services provider earns $120.25 million in net income (profit) each year or $2.00 on an earnings per share basis.

How can I contact TPG Specialty Lending?

TPG Specialty Lending's mailing address is 301 COMMERCE STREET SUITE 3300, FORT WORTH TX, 76102. The financial services provider can be reached via phone at 817-871-4000 or via email at [email protected]


MarketBeat Community Rating for TPG Specialty Lending (NYSE TSLX)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  228 (Vote Outperform)
Underperform Votes:  202 (Vote Underperform)
Total Votes:  430
MarketBeat's community ratings are surveys of what our community members think about TPG Specialty Lending and other stocks. Vote "Outperform" if you believe TSLX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TSLX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/18/2018 by MarketBeat.com Staff

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