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

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$19.90 +0.06 (+0.30 %)
(As of 05/24/2019 09:40 AM ET)
Previous Close$19.84
Today's Range$19.82 - $19.95
52-Week Range$17.48 - $21.24
Volume156,721 shs
Average Volume260,160 shs
Market Capitalization$1.31 billion
P/E Ratio8.84
Dividend Yield7.86%
Beta0.72
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

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$1.9339 per share
Book Value$16.27 per share

Profitability

Net Income$143.88 million

Miscellaneous

EmployeesN/A
Market Cap$1.31 billion
Next Earnings Date8/7/2019 (Estimated)
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 special dividend on Friday, May 3rd. Shareholders of record on Friday, May 31st will be given a dividend of $0.01 per share on Friday, June 28th. This represents a yield of 7.74%. The ex-dividend date of this dividend is Thursday, May 30th. View TPG Specialty Lending's Dividend History.

How were TPG Specialty Lending's earnings last quarter?

TPG Specialty Lending Inc (NYSE:TSLX) issued its quarterly earnings data on Thursday, May, 2nd. The financial services provider reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.45 by $0.04. The financial services provider had revenue of $52.49 million for the quarter, compared to the consensus estimate of $56.40 million. TPG Specialty Lending had a return on equity of 13.05% and a net margin of 48.29%. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 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 Wednesday, August 7th 2019. View Earnings Estimates for TPG Specialty Lending.

What price target have analysts set for TSLX?

6 brokers have issued 1 year price targets for TPG Specialty Lending's shares. Their predictions range from $18.50 to $23.00. On average, they anticipate TPG Specialty Lending's stock price to reach $21.3333 in the next year. This suggests a possible upside of 7.2% from the stock's current price. View Analyst Price Targets for TPG Specialty Lending.

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TPG Specialty Lending in the last year. There are currently 1 hold rating and 5 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, "▪ 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)
  • 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. " (5/4/2019)

Has TPG Specialty Lending been receiving favorable news coverage?

Media coverage about TSLX stock has trended somewhat positive on Friday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. TPG Specialty Lending earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future.

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

What other stocks do shareholders of TPG Specialty Lending own?

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 institutional and retail investors. Top institutional investors include FMR LLC (8.17%), Strs Ohio (8.17%), TPG Group Holdings SBS Advisors Inc. (4.11%), Delphi Financial Group Inc. (2.16%), Sound Income Strategies LLC (1.24%) and Muzinich & Co. Inc. (1.01%). 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 major investors are selling TPG Specialty Lending stock?

TSLX stock was sold by a variety of institutional investors in the last quarter, including CNO Financial Group Inc., Cliffwater LLC, FMR LLC, Delphi Financial Group Inc., Advisors Asset Management Inc., Shelton Capital Management, BlueMountain Capital Management LLC and SEI Investments Co. View Insider Buying and Selling for TPG Specialty Lending.

Which major investors are buying TPG Specialty Lending stock?

TSLX stock was acquired by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Oxford Asset Management LLP, Jane Street Group LLC, Acadian Asset Management LLC, Strs Ohio, Alphasimplex Group LLC, Gillson Capital LP and SeaBridge Investment Advisors LLC. 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 $19.90.

How big of a company is TPG Specialty Lending?

TPG Specialty Lending has a market capitalization of $1.31 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.

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:  276 (Vote Outperform)
Underperform Votes:  250 (Vote Underperform)
Total Votes:  526
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 5/24/2019 by MarketBeat.com Staff

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