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

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$20.22 -0.13 (-0.64 %)
(As of 11/15/2018 04:00 PM ET)
Previous Close$20.35
Today's Range$20.18 - $20.36
52-Week Range$17.00 - $21.24
Volume248,161 shs
Average Volume290,228 shs
Market Capitalization$1.35 billion
P/E Ratio10.11
Dividend Yield7.61%
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. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Investors, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:TSLX
Previous Symbol
CUSIPN/A
Phone817-871-4000

Debt

Debt-to-Equity Ratio0.82
Current Ratio0.60
Quick Ratio0.60

Price-To-Earnings

Trailing P/E Ratio10.11
Forward P/E Ratio9.63
P/E Growth4.93

Sales & Book Value

Annual Sales$210.90 million
Price / Sales6.27
Cash Flow$1.5318 per share
Price / Cash13.20
Book Value$16.41 per share
Price / Book1.23

Profitability

EPS (Most Recent Fiscal Year)$2.00
Net Income$120.25 million
Net Margins55.73%
Return on Equity12.21%
Return on Assets6.64%

Miscellaneous

EmployeesN/A
Outstanding Shares65,380,000
Market Cap$1.35 billion
OptionableOptionable

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, November 7th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.39 per share on Tuesday, January 15th. This represents a $1.56 annualized dividend and a yield of 7.72%. The ex-dividend date is Thursday, December 13th. 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 authorized a share repurchase program on Thursday, April 6th 2017, which permits the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often 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) posted its quarterly earnings results on Tuesday, November, 6th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.49 by $0.01. The financial services provider earned $63 million during the quarter, compared to analysts' expectations of $58.77 million. TPG Specialty Lending had a net margin of 55.73% and a return on equity of 12.21%. During the same quarter in the previous year, the business earned $0.41 EPS. 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 Wednesday, February 20th 2019. View Earnings Estimates for TPG Specialty Lending.

What price target have analysts set for TSLX?

7 Wall Street analysts have issued 12 month price targets for TPG Specialty Lending's shares. Their forecasts range from $18.50 to $23.00. On average, they expect TPG Specialty Lending's stock price to reach $21.50 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View Analyst Price Targets for TPG Specialty Lending.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TPG Specialty Lending in the last year. There are currently 7 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. National Securities analysts commented, " TPG posted NII/share of $0.50 for 3Q18, matching our estimate but significantly above the regular dividend of $0.38/share. The company alluded to potentially raising the regular dividend and we think the increased balance sheet leverage and ROE would likely support an increase. However, we think TSLX has proven to be very conservative with distributions and thus for the time being we think the base dividend will be flat with more variable supplemental dividends paid so that the company meets its required payout ratios in accordance with the ’40 Act.
     TSLX declared $1.78 of total distributions for 2018 and we expect this to be increased to $1.87 in 2019. The company will likely pay out 85% of NII for 2018 and 88% of NII in 2019, by our estimates.
     NAV/share increased again to $16.47 from $16.36 Q/Q. TSLX continues to have no loans on non-accrual status and has not had a non-accrual since 1Q17. Additionally, there are no investments ranked four or five by the internal ranking system and there have not been any since 1Q17. We think this bodes well for credit quality and thus NAV going forward. We think NAV/share will finish 2018 at $16.48 and 2019 at $16.77.
     TPG’s shareholders approved the reduced asset coverage for the company and the revolver was also amended in accordance with this. The company will reduce base fees to 100 bps on assets purchased with D/E over 1.00x and is targeting a range of 0.90x-1.25x. In a market like today it is more likely that the company remains towards the low end of this range but if and when dislocation occurs, we think TPG will utilize the flexibility of increased available leverage and originate more investments at more favorable Sharpe ratios.
     We are revising our 2018 NII/share estimate to $2.09 from $1.98 and our 2019 NII/share estimate to $2.13 from $1.93 and maintaining our BUY rating and increasing our price target to $23 from $21. " (11/12/2018)
  • 2. 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. " (11/9/2018)

Has TPG Specialty Lending been receiving favorable news coverage?

Media stories about TSLX stock have been trending somewhat negative on Thursday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TPG Specialty Lending earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the company's share price in the next several days.

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:
  • Mr. Joshua Easterly, Chairman & Chief Exec. Officer (Age 42)
  • Mr. Robert J. Stanley, Pres (Age 43)
  • Mr. Ian Simmonds, Chief Financial Officer (Age 46)
  • 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 institutional and retail investors. Top institutional investors include Strs Ohio (7.88%), FMR LLC (6.09%), Sound Income Strategies LLC (1.13%), Muzinich & Co. Inc. (1.02%), LSV Asset Management (0.95%) and LGT Capital Partners LTD. (0.63%). Company insiders that own TPG Specialty Lending stock include Alan Waxman, 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 Progeny 3 Inc., CNO Financial Group Inc., Muzinich & Co. Inc., Capital Fund Management S.A., BlueMountain Capital Management LLC, Fort Washington Investment Advisors Inc. OH, Alliancebernstein L.P. and Advisors Asset Management Inc.. 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 FMR LLC, Artemis Investment Management LLP, Acadian Asset Management LLC, Advisors Capital Management LLC, Cliffwater LLC, Strs Ohio, Sound Income Strategies LLC and Mackenzie Financial Corp. Company insiders that have bought TPG Specialty Lending stock in the last two years include Alan Waxman, 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 $20.22.

How big of a company is TPG Specialty Lending?

TPG Specialty Lending has a market capitalization of $1.35 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.

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:  246 (Vote Outperform)
Underperform Votes:  223 (Vote Underperform)
Total Votes:  469
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 11/15/2018 by MarketBeat.com Staff

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