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

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$17.83 -0.02 (-0.11 %)
(As of 06/22/2018 04:00 PM ET)
Previous Close$17.83
Today's Range$17.79 - $18.01
52-Week Range$17.00 - $21.74
Volume257,586 shs
Average Volume272,685 shs
Market Capitalization$1.16 billion
P/E Ratio8.75
Dividend Yield8.74%
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


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


Trailing P/E Ratio8.75
Forward P/E Ratio9.34
P/E Growth3.12

Sales & Book Value

Annual Sales$210.90 million
Price / Sales5.49
Cash Flow$1.5668 per share
Price / Cash11.38
Book Value$16.09 per share
Price / Book1.11


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


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. Stockholders of record on Thursday, May 31st will be paid a dividend of $0.06 per share on Friday, June 29th. This represents a dividend yield of 8.27%. The ex-dividend date of this dividend is Wednesday, May 30th. This is a positive change 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 has initiated a share repurchase program on Thursday, April 6th 2017, which authorizes the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

How were TPG Specialty Lending's earnings last quarter?

TPG Specialty Lending Inc (NYSE:TSLX) announced its quarterly earnings data on Thursday, May, 3rd. The financial services provider reported $0.51 EPS for the quarter, beating the Zacks' consensus estimate of $0.46 by $0.05. The financial services provider earned $57.80 million during the quarter, compared to the consensus estimate of $51.64 million. TPG Specialty Lending had a net margin of 54.68% and a return on equity of 12.45%. TPG Specialty Lending's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 equities research analysts have issued 12 month price targets for TPG Specialty Lending's shares. Their predictions range from $18.50 to $21.50. On average, they expect TPG Specialty Lending's stock 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 headlines about TSLX stock have been trending positive recently, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TPG Specialty Lending earned a news sentiment score of 0.26 on Accern's scale. They also gave news stories about the financial services provider an impact score of 45.72 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Who are TPG Specialty Lending's major shareholders?

TPG Specialty Lending's stock is owned by a number of of retail and institutional 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 $17.83.

How big of a company is TPG Specialty Lending?

TPG Specialty Lending has a market capitalization of $1.16 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:  197 (Vote Outperform)
Underperform Votes:  186 (Vote Underperform)
Total Votes:  383
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 6/23/2018 by MarketBeat.com Staff

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