TPG Specialty Lending Company Profile (NYSE:TSLX)

About TPG Specialty Lending (NYSE:TSLX)

TPG Specialty Lending logoTPG 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: Average Prices:
  • 50 Day Moving Avg: $20.55
  • 200 Day Moving Avg: $20.68
  • 52 Week Range: $17.40 - $21.74
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 11.60
  • P/E Growth: 3.61
Dividend:
  • Annual Dividend: $1.56
  • Dividend Yield: 7.6%
Profitability:
  • Net Margins: 60.77%
  • Return on Equity: 12.68%
  • Return on Assets: 7.41%
Debt:
  • Debt-to-Equity Ratio: 0.59%
  • Current Ratio: 0.83%
  • Quick Ratio: 0.83%
Misc:
  • 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?

TPG Specialty Lending is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for TPG Specialty Lending.

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?

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?

One share of TPG Specialty Lending stock can currently be purchased for approximately $20.64.


MarketBeat Community Rating for TPG Specialty Lending (NYSE TSLX)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  127 (Vote Outperform)
Underperform Votes:  133 (Vote Underperform)
Total Votes:  260
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.

Analyst Ratings

Consensus Ratings for TPG Specialty Lending (NYSE:TSLX) (How are Consensus Ratings Calculated?)
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)
Price Target History for TPG Specialty Lending (NYSE:TSLX)
Analysts' Ratings History for TPG Specialty Lending (NYSE:TSLX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/9/2017SunTrust Banks, Inc.Reiterated RatingBuy$21.00 -> $22.00LowView Rating Details
8/7/2017JMP SecuritiesBoost Price TargetOutperform$21.50 -> $22.00LowView Rating Details
8/7/2017National SecuritiesReiterated RatingNeutral$19.00LowView Rating Details
11/9/2016Barclays PLCReiterated RatingHold$18.00N/AView Rating Details
8/12/2016Citigroup Inc.Boost Price TargetNeutral$16.00 -> $17.00N/AView Rating Details
8/5/2016J P Morgan Chase & CoBoost Price TargetNeutral$17.00 -> $17.50N/AView Rating Details
6/6/2016Bank of America CorporationReiterated RatingBuyN/AView Rating Details
4/27/2016Janney Montgomery ScottReiterated RatingBuyN/AView Rating Details
2/29/2016Raymond James Financial, Inc.Initiated CoverageOutperform$20.00N/AView Rating Details
12/8/2015Ladenburg Thalmann Financial ServicesInitiated CoverageNeutralN/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for TPG Specialty Lending (NYSE:TSLX)
Earnings by Quarter for TPG Specialty Lending (NYSE:TSLX)
Earnings History by Quarter for TPG Specialty Lending (NYSE TSLX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017$0.43N/AView Earnings Details
8/2/2017Q2 2017$0.46$0.57$49.41 million$58.82 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.44$0.47$48.81 million$50.95 millionViewListenView Earnings Details
2/22/2017Q416$0.44$0.47$47.53 million$49.70 millionViewListenView Earnings Details
11/7/2016Q316$0.43$0.51$46.54 million$53.92 millionViewListenView Earnings Details
8/3/2016Q216$0.42$0.43$45.12 million$46.03 millionViewListenView Earnings Details
5/4/2016Q116$0.42$0.42$43.41 million$42.75 millionViewListenView Earnings Details
2/24/2016Q415$0.43$0.44$42.65 million$43.56 millionViewListenView Earnings Details
11/3/2015Q315$0.42$0.48$40.69 million$46.77 millionViewListenView Earnings Details
8/4/2015Q215$0.41$0.63$39.31 million$45.35 millionViewListenView Earnings Details
5/7/2015Q115$0.41$0.39$37.24 million$37.73 millionViewListenView Earnings Details
2/24/2015Q414$0.40$0.57$37.20 million$45.78 millionViewListenView Earnings Details
11/3/2014Q314$0.38$0.35$33.70 million$37.03 millionViewListenView Earnings Details
8/4/2014Q214$0.44$0.51$39.63 million$45.66 millionViewListenView Earnings Details
5/8/2014Q1$0.41$0.61$30.28 million$33.48 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for TPG Specialty Lending (NYSE:TSLX)
Current Year EPS Consensus Estimate: $1.92 EPS
Next Year EPS Consensus Estimate: $1.78 EPS

Dividends

Current Dividend Information for TPG Specialty Lending (NYSE:TSLX)
Most Recent Dividend:9/29/2017
Annual Dividend:$1.56
Dividend Yield:7.56%
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 Payments by Quarter for TPG Specialty Lending (NYSE:TSLX)

Dividend History by Quarter for TPG Specialty Lending (NYSE TSLX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/3/2017special$0.097.38%8/29/20178/31/20179/29/2017
8/3/2017quarterly$0.397.38%9/14/20179/15/201710/13/2017
5/4/2017special$0.047.68%5/26/20175/31/20176/30/2017
5/4/2017quarterly$0.397.68%6/13/20176/15/20177/14/2017
2/23/2017quarterly$0.397.93%3/29/20173/31/20174/28/2017
11/9/2016quarterly$0.398.59%12/28/201612/31/20161/31/2017
8/4/2016quarterly$0.398.76%9/28/20169/30/201610/31/2016
5/5/2016quarterly$0.399.73%6/28/20166/30/20167/29/2016
2/25/2016quarterly$0.399.82%3/29/20163/31/20164/29/2016
11/4/2015quarterly$0.399.13%12/29/201512/31/20151/29/2016
8/5/2015quarterly$0.398.67%9/28/20159/30/201510/31/2015
5/8/2015quarterly$0.398.64%6/26/20156/30/20157/31/2015
2/25/2015quarterly$0.398.43%3/27/20153/31/20154/30/2015
11/3/2014quarterly$0.398.67%12/29/201412/31/20141/31/2015
8/4/2014quarterly$0.388.64%9/26/20149/30/201410/31/2014
5/8/2014quarterly$0.388.49%6/26/20146/30/20147/31/2014
3/25/2014special$0.383/27/20143/31/20144/30/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for TPG Specialty Lending (NYSE:TSLX)
Insider Ownership Percentage: 4.90%
Institutional Ownership Percentage: 62.65%
Insider Trades by Quarter for TPG Specialty Lending (NYSE:TSLX)
Institutional Ownership by Quarter for TPG Specialty Lending (NYSE:TSLX)
Insider Trades by Quarter for TPG Specialty Lending (NYSE:TSLX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/21/2016Alan WaxmanVPBuy230$18.39$4,229.70View SEC Filing  
11/14/2016David StieplemanVPBuy5,535$17.99$99,574.65View SEC Filing  
8/15/2016Ian SimmondsCFOBuy2,150$18.15$39,022.50View SEC Filing  
5/10/2016Richard A HigginbothamDirectorBuy10,000$16.19$161,900.00View SEC Filing  
3/8/2016Ronald TanemuraDirectorBuy10,000$15.95$159,500.00View SEC Filing  
3/3/2016Joshua EasterlyCEOBuy6,500$16.00$104,000.00View SEC Filing  
3/3/2016Ronald TanemuraDirectorBuy15,225$16.42$249,994.50View SEC Filing  
11/13/2015Steven PlussVPBuy11,500$17.48$201,020.00View SEC Filing  
5/21/2015Alan KirshenbaumCFOBuy4,180$18.21$76,117.80View SEC Filing  
5/21/2015David StieplemanVPBuy2,745$18.21$49,986.45View SEC Filing  
11/12/2014Joshua EasterlyCEOBuy4,500$17.52$78,840.00View SEC Filing  
11/11/2014Joshua EasterlyCEOBuy6,430$17.75$114,132.50View SEC Filing  
11/10/2014Joshua EasterlyCEOBuy1,430$17.60$25,168.00View SEC Filing  
11/7/2014Joshua EasterlyCEOBuy2,000$17.69$35,380.00View SEC Filing  
11/7/2014Robert D OllwertherCOOBuy8,000$17.68$141,440.00View SEC Filing  
3/21/2014Tpg Specialty Lending Ons MssbMajor ShareholderBuy31,948$16.08$513,723.84View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for TPG Specialty Lending (NYSE:TSLX)
Latest Headlines for TPG Specialty Lending (NYSE:TSLX)
Source:
Loading headlines, please wait.

Social

Chart

TPG Specialty Lending (TSLX) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.