About TPG Specialty Lending (NYSE:TSLX)
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. The Company invests in first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments. Its first-lien debt may include standalone first-lien loans; last out first-lien loans; unitranche loans and secured corporate bonds. Its second-lien debt may include secured loans and secured corporate bonds, with a secondary priority behind first-lien debt. As of December 31, 2016, the Company's portfolio was invested across 19 different industries. The Company's investment advisor is TSL Advisers, LLC.
Industry, Sector and Symbol:
- 50 Day Moving Avg: $20.55
- 200 Day Moving Avg: $20.68
- 52 Week Range: $17.40 - $21.74
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.60
- P/E Growth: 3.61
- Annual Dividend: $1.56
- Dividend Yield: 7.6%
- Net Margins: 60.77%
- Return on Equity: 12.68%
- Return on Assets: 7.41%
- Debt-to-Equity Ratio: 0.59%
- Current Ratio: 0.83%
- Quick Ratio: 0.83%
- Average Volume: 207,778 shs.
- Beta: 0.71
Frequently Asked Questions for TPG Specialty Lending (NYSE:TSLX)
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 3rd. Stockholders of record on Thursday, August 31st will be given a dividend of $0.09 per share on Friday, September 29th. This represents a dividend yield of 7.38%. The ex-dividend date of this dividend is Tuesday, August 29th. This is an increase from TPG Specialty Lending's previous special dividend of $0.04. View TPG Specialty Lending's Dividend History.
How will TPG Specialty Lending's stock buyback program work?
TPG Specialty Lending declared that its Board of Directors has approved a share buyback plan on Thursday, April 6th 2017, which authorizes the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.
How were TPG Specialty Lending's earnings last quarter?
TPG Specialty Lending, Inc. (NYSE:TSLX) released its earnings results on Wednesday, August, 2nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. The company had revenue of $58.82 million for the quarter, compared to the consensus estimate of $49.41 million. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. The firm's quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. View TPG Specialty Lending's Earnings History.
When will TPG Specialty Lending make its next earnings announcement?
Where is TPG Specialty Lending's stock going? Where will TPG Specialty Lending's stock price be in 2017?
4 brokerages have issued 12-month price objectives for TPG Specialty Lending's shares. Their forecasts range from $18.00 to $22.00. On average, they anticipate TPG Specialty Lending's stock price to reach $20.25 in the next year. View Analyst Ratings for TPG Specialty Lending.
What are analysts saying about TPG Specialty Lending stock?
Here are some recent quotes from research analysts about TPG Specialty Lending stock:
- 1. 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. " (10/11/2017)
- 2. National Securities analysts commented, "• TPG reported NII/share of $0.57 compared to our estimate of $0.44 and consensus of $0.46/share. There were significant repayments during the quarter of $277.0 million and a significant amount of prepayment activity, largely driven by Qlik Technologies and Payless. There was $0.26/share of prepayment fees and OID acceleration combined during the quarter.
• TPG’s asset quality remains very strong, with the company finished 2Q17 with no non-accruals. Mississippi Resources was on non-accrual as of 3/31/17 but was restructured and has seen improved performance since the restructuring. NAV/share increased modestly Q/Q, driving a 12.4% annualized economic return for the quarter.
• TSLX is well positioned to grow its portfolio despite challenging loan market. The company’s ability to understand and participate in complex situations, co-invest and take down larger bite sizes and provide certainty of closing, and utilize ABL (asset-based lending) as well as cash flow lending all bode well for TPG’s ability to drive good volume while maintaining its stringent underwriting criteria and preserving credit quality going forward.
• We are revising our 2017 NII/share estimate to $1.94 from $1.83 and are maintaining our 2018 NII/share estimate of $1.85." (8/7/2017)
Who are some of TPG Specialty Lending's key competitors?
Some companies that are related to TPG Specialty Lending include Prospect Capital Corporation (PSEC), 3i Infrastructure PLC (3IN), FS Investment Corporation (FSIC), Apollo Investment Corp. (AINV), Tortoise Energy Infrastructure Corporation (TYG), Liberty All-Star Equity Fund (USA), Hercules Capital (HTGC), Eaton Vance Tax Managed Buy Write Opport (ETV), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Ithaca Energy (IAE), Invesco California Value Municipal Income Trust (VCV), Triangle Capital Corporation (TCAP), PennantPark Investment Corporation (PNNT), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), MFS Charter Income Trust (MCR) and TICC Capital Corp. (TICC).
Who are TPG Specialty Lending's key executives?
TPG Specialty Lending's management team includes the folowing people:
- Joshua Easterly, Chairman of the Board, Chief Executive Officer
- Robert Stanley, President
- Michael Fishman, Director
- Ian Simmonds, Chief Financial Officer
- Michael Graf, Vice President, Principal Accounting Officer
- Jennifer Gordon, Chief Compliance Officer, Vice President, Secretary
- Craig Hamrah, Vice President
- Steven Pluss, Vice President
- Thomas J. Steiglehner, Vice President
- David Stiepleman, Vice President
Who owns TPG Specialty Lending stock?
TPG Specialty Lending's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Strs Ohio (0.00%). Company insiders that own TPG Specialty Lending stock include Alan Waxman, David Stiepleman, Ian Simmonds, Joshua Easterly, Richard A Higginbotham, Ronald Tanemura and Steven Pluss. View Institutional Ownership Trends for TPG Specialty Lending.
Who bought TPG Specialty Lending stock? Who is buying TPG Specialty Lending stock?
TPG Specialty Lending's stock was purchased by a variety of institutional investors in the last quarter, including Strs Ohio. Company insiders that have bought TPG Specialty Lending stock in the last two years include Alan Waxman, David Stiepleman, Ian Simmonds, Joshua Easterly, Richard A Higginbotham, Ronald Tanemura and Steven Pluss. View Insider Buying and Selling for TPG Specialty Lending.
How do I buy TPG Specialty Lending stock?
Shares of TPG Specialty Lending can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TPG Specialty Lending's stock price today?
MarketBeat Community Rating for TPG Specialty Lending (NYSE TSLX)MarketBeat's community ratings are surveys of what our community members think about TPG Specialty Lending and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of TPG Specialty Lending stock can currently be purchased for approximately $20.64.
Consensus Ratings for TPG Specialty Lending (NYSE:TSLX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$20.25 (1.89% downside)|Consensus Price Target History for TPG Specialty Lending (NYSE:TSLX)
Analysts' Ratings History for TPG Specialty Lending (NYSE:TSLX)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/9/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$21.00 -> $22.00||Low|
|8/7/2017||JMP Securities||Boost Price Target||Outperform||$21.50 -> $22.00||Low|
|8/7/2017||National Securities||Reiterated Rating||Neutral||$19.00||Low|
|11/9/2016||Barclays PLC||Reiterated Rating||Hold||$18.00||N/A|
|8/12/2016||Citigroup Inc.||Boost Price Target||Neutral||$16.00 -> $17.00||N/A|
|8/5/2016||J P Morgan Chase & Co||Boost Price Target||Neutral||$17.00 -> $17.50||N/A|
|6/6/2016||Bank of America Corporation||Reiterated Rating||Buy||N/A|
|4/27/2016||Janney Montgomery Scott||Reiterated Rating||Buy||N/A|
|2/29/2016||Raymond James Financial, Inc.||Initiated Coverage||Outperform||$20.00||N/A|
|12/8/2015||Ladenburg Thalmann Financial Services||Initiated Coverage||Neutral||N/A|
Earnings History for TPG Specialty Lending (NYSE:TSLX)Earnings History by Quarter for TPG Specialty Lending (NYSE TSLX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.46||$0.57||$49.41 million||$58.82 million||View||Listen|
|5/3/2017||Q1 2017||$0.44||$0.47||$48.81 million||$50.95 million||View||Listen|
|2/22/2017||Q416||$0.44||$0.47||$47.53 million||$49.70 million||View||Listen|
|11/7/2016||Q316||$0.43||$0.51||$46.54 million||$53.92 million||View||Listen|
|8/3/2016||Q216||$0.42||$0.43||$45.12 million||$46.03 million||View||Listen|
|5/4/2016||Q116||$0.42||$0.42||$43.41 million||$42.75 million||View||Listen|
|2/24/2016||Q415||$0.43||$0.44||$42.65 million||$43.56 million||View||Listen|
|11/3/2015||Q315||$0.42||$0.48||$40.69 million||$46.77 million||View||Listen|
|8/4/2015||Q215||$0.41||$0.63||$39.31 million||$45.35 million||View||Listen|
|5/7/2015||Q115||$0.41||$0.39||$37.24 million||$37.73 million||View||Listen|
|2/24/2015||Q414||$0.40||$0.57||$37.20 million||$45.78 million||View||Listen|
|11/3/2014||Q314||$0.38||$0.35||$33.70 million||$37.03 million||View||Listen|
|8/4/2014||Q214||$0.44||$0.51||$39.63 million||$45.66 million||View||Listen|
|5/8/2014||Q1||$0.41||$0.61||$30.28 million||$33.48 million||View||Listen|
Earnings Estimates for TPG Specialty Lending (NYSE:TSLX)
Current Year EPS Consensus Estimate: $1.92 EPS
Next Year EPS Consensus Estimate: $1.78 EPS
Current Dividend Information for TPG Specialty Lending (NYSE:TSLX)
|Most Recent Dividend:||9/29/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||71.89% (Trailing 12 Months of Earnings) |
81.25% (Based on This Year's Estimates)
87.64% (Based on Next Year's Estimates)
Dividend History by Quarter for TPG Specialty Lending (NYSE TSLX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for TPG Specialty Lending (NYSE:TSLX)
Insider Ownership Percentage: 4.90%Insider Trades by Quarter for TPG Specialty Lending (NYSE:TSLX)
Institutional Ownership Percentage: 62.65%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/21/2016||Alan Waxman||VP||Buy||230||$18.39||$4,229.70|| |
|11/14/2016||David Stiepleman||VP||Buy||5,535||$17.99||$99,574.65|| |
|8/15/2016||Ian Simmonds||CFO||Buy||2,150||$18.15||$39,022.50|| |
|5/10/2016||Richard A Higginbotham||Director||Buy||10,000||$16.19||$161,900.00|| |
|3/8/2016||Ronald Tanemura||Director||Buy||10,000||$15.95||$159,500.00|| |
|3/3/2016||Joshua Easterly||CEO||Buy||6,500||$16.00||$104,000.00|| |
|3/3/2016||Ronald Tanemura||Director||Buy||15,225||$16.42||$249,994.50|| |
|11/13/2015||Steven Pluss||VP||Buy||11,500||$17.48||$201,020.00|| |
|5/21/2015||Alan Kirshenbaum||CFO||Buy||4,180||$18.21||$76,117.80|| |
|5/21/2015||David Stiepleman||VP||Buy||2,745||$18.21||$49,986.45|| |
|11/12/2014||Joshua Easterly||CEO||Buy||4,500||$17.52||$78,840.00|| |
|11/11/2014||Joshua Easterly||CEO||Buy||6,430||$17.75||$114,132.50|| |
|11/10/2014||Joshua Easterly||CEO||Buy||1,430||$17.60||$25,168.00|| |
|11/7/2014||Joshua Easterly||CEO||Buy||2,000||$17.69||$35,380.00|| |
|11/7/2014||Robert D Ollwerther||COO||Buy||8,000||$17.68||$141,440.00|| |
|3/21/2014||Tpg Specialty Lending Ons Mssb||Major Shareholder||Buy||31,948||$16.08||$513,723.84|| |
Headline Trends for TPG Specialty Lending (NYSE:TSLX)
Latest Headlines for TPG Specialty Lending (NYSE:TSLX)
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TPG Specialty Lending (TSLX) Chart for Monday, October, 23, 2017