NYSE:TSLX - TPG Specialty Lending Stock Price, Price Target & More

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$18.07 -0.06 (-0.33 %)
(As of 06/19/2018 01:03 AM ET)
Previous Close$18.13
Today's Range$17.98 - $18.22
52-Week Range$17.00 - $21.74
Volume304,300 shs
Average Volume305,298 shs
Market Capitalization$1.18 billion
P/E Ratio9.04
Dividend Yield8.63%
Beta0.61
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.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.80
Current Ratio0.53
Quick Ratio0.53

Price-To-Earnings

Trailing P/E Ratio9.04
Forward P/E Ratio9.46
P/E Growth3.16

Sales & Book Value

Annual Sales$210.90 million
Price / Sales5.56
Cash Flow$1.5645 per share
Price / Cash11.55
Book Value$16.09 per share
Price / Book1.12

Profitability

EPS (Most Recent Fiscal Year)$2.00
Net Income$120.25 million
Net Margins54.68%
Return on Equity12.45%
Return on Assets7.21%

Miscellaneous

EmployeesN/A
Outstanding Shares64,890,000

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 declared a special dividend on Friday, May 4th. Investors of record on Thursday, May 31st will be given a dividend of $0.06 per share on Friday, June 29th. This represents a yield of 8.27%. The ex-dividend date is Wednesday, May 30th. This is a boost from TPG Specialty Lending's previous special dividend of $0.03. View TPG Specialty Lending's Dividend History.

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

TPG Specialty Lending announced that its Board of Directors has authorized a stock repurchase plan on Thursday, April 6th 2017, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

How were TPG Specialty Lending's earnings last quarter?

TPG Specialty Lending Inc (NYSE:TSLX) released its earnings results on Thursday, May, 3rd. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. The financial services provider had revenue of $57.80 million for the quarter, compared to analyst estimates of $51.64 million. TPG Specialty Lending had a net margin of 54.68% and a return on equity of 12.45%. The firm's revenue was up 13.6% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. 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, July, 31st 2018. View Earnings Estimates for TPG Specialty Lending.

What price target have analysts set for TSLX?

6 analysts have issued twelve-month price objectives for TPG Specialty Lending's shares. Their predictions range from $18.50 to $21.50. On average, they expect TPG Specialty Lending's share price to reach $20.60 in the next year. 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. 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. " (5/10/2018)
  • 2. National Securities analysts commented, "• For 1Q18, TSLX posted NII/share of $0.50 versus our estimate of $0.46. The company generated substantial portfolio growth during the quarter with $319.2 million of originations versus sales and repayments of $115.8 million. Despite the $63.0 million of common equity issued during the quarter, D/E ticked up to 0.82x from 0.74x Q/Q to fund the portfolio growth.
    • TPG’s portfolio at fair value finished 3/31/18 at $1.91 billion, up from $1.69 billion at 12/31/17. We expect that the company will grow its portfolio at fair value to $2.00 billion in 4Q18 and $2.19 billion in 4Q19.
    • We continue to expect relatively stable all-in effective yields and NIM as TSLX continues to offer companies unique and often complex financing structures and certainty of closing that are generally unmatched by many peers in the sector. As a result, TSLX has not been subject to the same spread compression as other BDCs.
    • Unique originations such as a $550 million ABL (asset-based lending) facility to iHeart Communications speak to the differentiated approach of TPG and how the company has proven to be able to consistently source attractive investment opportunities with respectable pricing courtesy of banks being unable to compete in many of the same markets for regulatory reasons.
    • NAV/share improved to $16.27 from $16.09 Q/Q and we project steady NAV/share increases the next two years coupled with double-digit economic returns.
    • We are revising our 2018 NII/share estimate to $1.97 from $1.93 and our fiscal 2019 NII/share estimate to $1.90 from $1.92. " (5/7/2018)

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:
  • Joshua Easterly, Chairman of the Board, Chief Executive Officer (Age 40)
  • Robert Stanley, President (Age 42)
  • Ian Simmonds, Chief Financial Officer (Age 45)
  • Michael Graf, Vice President, Principal Accounting Officer (Age 35)
  • Jennifer Gordon, Chief Compliance Officer, Vice President, Secretary (Age 41)
  • Craig Hamrah, Vice President (Age 48)
  • Steven Pluss, Vice President (Age 54)
  • Thomas J. Steiglehner, Vice President (Age 50)
  • David Stiepleman, Vice President (Age 45)
  • Alan Waxman, Vice President (Age 42)

Has TPG Specialty Lending been receiving favorable news coverage?

News articles about TSLX stock have been trending somewhat positive recently, Accern reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TPG Specialty Lending earned a news sentiment score of 0.10 on Accern's scale. They also assigned news coverage about the financial services provider an impact score of 45.85 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Who are TPG Specialty Lending's major shareholders?

TPG Specialty Lending's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State of New Jersey Common Pension Fund D (6.63%), Delphi Financial Group Inc. (2.19%), Muzinich & Co. Inc. (1.92%), UBS Group AG (1.85%), LSV Asset Management (1.13%) and CNO Financial Group Inc. (0.91%). 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 State of New Jersey Common Pension Fund D, Muzinich & Co. Inc., UBS Group AG, Guggenheim Capital LLC, California Public Employees Retirement System, Atlantic Trust Group LLC, Van ECK Associates Corp and Allen Investment Management LLC. View Insider Buying and Selling for TPG Specialty Lending.

Which major investors are buying TPG Specialty Lending stock?

TSLX stock was bought by a variety of institutional investors in the last quarter, including Delphi Financial Group Inc., CNO Financial Group Inc., The Manufacturers Life Insurance Company , LSV Asset Management, Dimension Capital Management LLC, Progeny 3 Inc., Resource America Inc. and Legal & General Group Plc. 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 $18.07.

How big of a company is TPG Specialty Lending?

TPG Specialty Lending has a market capitalization of $1.18 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 (TSLX)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  194 (Vote Outperform)
Underperform Votes:  183 (Vote Underperform)
Total Votes:  377
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 6/19/2018 by MarketBeat.com Staff

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