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

$21.01
+0.14 (+0.67 %)
(As of 09/23/2019 03:28 AM ET)
Today's Range
$20.8573
Now: $21.01
$21.00
50-Day Range
$19.77
MA: $20.60
$21.08
52-Week Range
$17.75
Now: $21.01
$21.24
Volume137,767 shs
Average Volume216,634 shs
Market Capitalization$1.39 billion
P/E Ratio9.34
Dividend Yield7.47%
Beta0.64
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$1.9311 per share
Book Value$16.26 per share

Profitability

Net Income$143.88 million

Miscellaneous

EmployeesN/A
Market Cap$1.39 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 declared a quarterly dividend on Wednesday, July 31st. Investors of record on Friday, September 13th will be paid a dividend of $0.39 per share on Tuesday, October 15th. This represents a $1.56 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date is Thursday, September 12th. This is a positive change from TPG Specialty Lending's previous quarterly dividend of $0.04. View TPG Specialty Lending's Dividend History.

How were TPG Specialty Lending's earnings last quarter?

TPG Specialty Lending Inc (NYSE:TSLX) released its earnings results on Wednesday, July, 31st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.46 by $0.01. The financial services provider earned $62.43 million during the quarter, compared to the consensus estimate of $57.40 million. TPG Specialty Lending had a return on equity of 12.45% and a net margin of 54.68%. During the same quarter last year, the company earned $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 brokerages have issued 1 year price objectives for TPG Specialty Lending's shares. Their forecasts range from $21.00 to $23.00. On average, they expect TPG Specialty Lending's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 4.7% 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?

Media stories about TSLX stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. 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 companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TPG Specialty Lending earned a news impact score of -1.3 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. 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 August. As of August 31st, there was short interest totalling 2,308,400 shares, an increase of 7.7% from the July 31st total of 2,143,500 shares. Based on an average daily volume of 203,100 shares, the short-interest ratio is presently 11.4 days. Currently, 3.7% of the company's shares 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 Ares Capital (ARCC), New Residential Investment (NRZ), BlackRock TCP Capital (TCPC), Hercules Capital (HTGC), FS Investment (FSIC), AT&T (T), Energy Transfer LP Unit (ET), New Mountain Finance (NMFC), Prospect Capital (PSEC) and Main Street Capital (MAIN).

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 many different of retail and institutional investors. Top institutional investors 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, Robinhood, Fidelity and Charles Schwab.

What is TPG Specialty Lending's stock price today?

One share of TSLX stock can currently be purchased for approximately $21.01.

How big of a company is TPG Specialty Lending?

TPG Specialty Lending has a market capitalization of $1.39 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:  294 (Vote Outperform)
Underperform Votes:  274 (Vote Underperform)
Total Votes:  568
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 9/23/2019 by MarketBeat.com Staff

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