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

$20.77
-0.13 (-0.62 %)
(As of 08/23/2019 04:00 PM ET)
Today's Range
$20.6904
Now: $20.77
$20.9150
50-Day Range
$19.35
MA: $19.96
$21.08
52-Week Range
$17.75
Now: $20.77
$21.24
Volume193,919 shs
Average Volume237,725 shs
Market Capitalization$1.38 billion
P/E Ratio9.23
Dividend Yield7.46%
Beta0.62
TPG 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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$261.91 million
Cash Flow$1.8968 per share
Book Value$16.62 per share

Profitability

Net Income$143.88 million

Miscellaneous

EmployeesN/A
Market Cap$1.38 billion
Next Earnings Date11/5/2019 (Estimated)
OptionableOptionable

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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 quarterly dividend on Wednesday, July 31st. Shareholders of record on Friday, August 30th will be given a dividend of $0.04 per share on Monday, September 30th. This represents a $0.16 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, August 29th. View TPG Specialty Lending's Dividend History.

How were TPG Specialty Lending's earnings last quarter?

TPG Specialty Lending Inc (NYSE:TSLX) posted its quarterly earnings results on Wednesday, July, 31st. The financial services provider reported $0.47 EPS for the quarter, topping the Zacks' consensus estimate of $0.46 by $0.01. The financial services provider had revenue of $62.43 million for the quarter, compared to analyst estimates of $57.40 million. TPG Specialty Lending had a net margin of 54.68% and a return on equity of 12.45%. During the same quarter last year, the business posted $0.52 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, November 5th 2019. View Earnings Estimates for TPG Specialty Lending.

What price target have analysts set for TSLX?

3 analysts have issued 12-month price objectives for TPG Specialty Lending's stock. Their predictions range from $21.00 to $23.00. On average, they expect TPG Specialty Lending's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price. View Analyst Price Targets for TPG Specialty Lending.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TPG Specialty Lending in the last year. There are currently 3 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. 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. " (7/27/2019)
  • 2. National Securities analysts commented, "▪ For 1Q19 TPG earned NII/share of $0.41 versus our estimate of $0.47. Notably, total repayment activity was only $40.4mm compared to $374.7mm Q/Q. As a result, total prepayment-related income (fees and acceleration of unamortized OID) was $0.8mm for 1Q19 compared to $21.2mm in 4Q18. TPG has an average call protection of 103.4 on its loan book and we think that prepayment activity and associated income will likely recover to more average levels through 2019 and 2020. This was the lowest prepayment activity TSLX experienced in over 20 quarters.
    ▪ NAV/share improved to $16.34 from $16.25 Q/Q as a rebound in loan prices on the quarter led to positive mark-to-market impact on the portfolio. TSLX has not had a non-accrual since 1Q17 nor has it had any loans ranked “4” or “5”. As we approach what we believe will be an inflection point in the credit cycle, we think that TPG’s underwriting will prove to be among the most resilient in the BDC sector.
    ▪ TSLX guided towards NII/share of $1.77-$1.85 for 2019 which would equate to ROE of between 11.0%-11.5%. We expect NII to be towards the end of this range ($1.84/share with NII ROAE of 11.2%) for 2019 and we think that D/E will stay under 0.78x compared to the targeted range of 0.90x-1.25x. Although we expect good origination volume for TPG, we think a pick up in prepayment activity will counter portfolio growth to some degree although this would also be beneficial for earnings given the significant call protection on the portfolio.
    ▪ TPG announced it is amending its repurchase program to buy back stock up to 1.05x NAV as opposed to beginning at 99% of NAV previously. The company has come to the conclusion that just because the stock is above NAV doesn’t mean that repurchases are not accretive and we tend to agree. We think this is more evidence of management doing what is right for shareholders and will help further put a floor under the NAV multiple TSLX shares trade at, although that doesn’t seem to be an issue for the company.
    ▪ We are revising our 2019 NII/share estimate to $1.84 from $1.97 and our 2020 NII/share estimate to $2.03 from $2.15. The downward revision in 2019 is due to lower prepayment activity in 1Q19 primarily and secondarily lower expected average leverage (and thus ROE). For 2020, the downward revision is solely due to lower expected average leverage and ROE." (5/6/2019)

Has TPG Specialty Lending been receiving favorable news coverage?

News headlines about TSLX stock have trended positive this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. TPG Specialty Lending earned a news impact score of 2.5 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the immediate future. View News Stories for TPG Specialty Lending.

Are investors shorting TPG Specialty Lending?

TPG Specialty Lending saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 2,143,500 shares, an increase of 12.8% from the June 30th total of 1,901,000 shares. Based on an average trading volume of 200,600 shares, the days-to-cover ratio is currently 10.7 days. Approximately 3.4% of the shares of the company are short sold. View TPG Specialty Lending's Current Options Chain.

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

What other stocks do shareholders of TPG Specialty Lending own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TPG Specialty Lending investors own include New Residential Investment (NRZ), Ares Capital (ARCC), BlackRock TCP Capital (TCPC), FS Investment (FSIC), Hercules Capital (HTGC), AT&T (T), Johnson & Johnson (JNJ), Prospect Capital (PSEC), Energy Transfer LP Unit (ET) and New Mountain Finance (NMFC).

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 43)
  • Mr. Robert J. Stanley, Pres (Age 44)
  • Mr. Ian Simmonds, Chief Financial Officer (Age 47)
  • Mr. Michael Graf CPA, Principal Accounting Officer, VP and Controller
  • Ms. Lucy Lu, Investor Relations VP

Who are TPG Specialty Lending's major shareholders?

TPG Specialty Lending's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Strs Ohio (8.35%), UBS Group AG (1.76%), Sound Income Strategies LLC (1.65%), LSV Asset Management (1.20%), Cliffwater LLC (0.71%) and Bank of America Corp DE (0.68%). Company insiders that own TPG Specialty Lending stock include Alan Waxman, Hurley Doddy, Ian Simmonds, John Ross, Richard A Higginbotham and Ronald Tanemura. View Institutional Ownership Trends for TPG Specialty Lending.

Which institutional investors are selling TPG Specialty Lending stock?

TSLX stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Jane Street Group LLC, D. E. Shaw & Co. Inc., First Republic Investment Management Inc., Invesco Ltd., Confluence Investment Management LLC, Texas Yale Capital Corp. and UBS Group AG. View Insider Buying and Selling for TPG Specialty Lending.

Which institutional investors are buying TPG Specialty Lending stock?

TSLX stock was acquired by a variety of institutional investors in the last quarter, including Sound Income Strategies LLC, Virtus ETF Advisers LLC, Strs Ohio, BlackRock Inc., Acadian Asset Management LLC, Skandinaviska Enskilda Banken AB publ , LSV Asset Management and Van ECK Associates Corp. Company insiders that have bought TPG Specialty Lending stock in the last two years include Alan Waxman, Hurley Doddy, 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 $20.77.

How big of a company is TPG Specialty Lending?

TPG Specialty Lending has a market capitalization of $1.38 billion and generates $261.91 million in revenue each year. The financial services provider earns $143.88 million in net income (profit) each year or $2.25 on an earnings per share basis. View Additional Information About TPG Specialty Lending.

What is TPG Specialty Lending's official website?

The official website for TPG Specialty Lending is http://www.tpgspecialtylending.com/.

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:  2.6 out of 5 (star star)
Outperform Votes:  291 (Vote Outperform)
Underperform Votes:  270 (Vote Underperform)
Total Votes:  561
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 8/24/2019 by MarketBeat.com Staff

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