Rating Buzzer: National Securities: Time To Decrease Faith In TPG Specialty Lending (NYSE:TSLX)

November 28, 2016 - By Michael Collier

Rating Buzzer: National Securities: Time To Decrease Faith In TPG Specialty Lending (NYSE:TSLX)

TPG Specialty Lending (NYSE:TSLX) Downgrade

New York-listed TPG Specialty Lending (NYSE:TSLX), was lowered by expert analysts at National Securities. National Securities lowered its rating on the $1.12B market cap company to a Neutral from a previous Buy.

TPG Specialty Lending Inc (NYSE:TSLX) Ratings Coverage

Out of 6 analysts covering TPG Specialty Lending (NYSE:TSLX), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $20 is the highest target while $16 is the lowest. The $17.25 average target is -6.10% below today’s ($18.37) stock price. TPG Specialty Lending has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Citigroup maintained it with “Neutral” rating and $17 target price in Friday, August 12 report. The firm has “Buy” rating given on Saturday, August 15 by Zacks. The stock of TPG Specialty Lending Inc (NYSE:TSLX) has “Neutral” rating given on Tuesday, December 8 by Ladenburg Thalmann. Zacks upgraded the stock to “Hold” rating in Saturday, August 29 report. The stock has “Buy” rating given by Janney Capital on Wednesday, April 27. The company was upgraded on Friday, August 5 by JMP Securities. The rating was upgraded by Zacks to “Hold” on Wednesday, August 19.

About 129,419 shares traded hands. TPG Specialty Lending Inc (NYSE:TSLX) has risen 14.85% since April 25, 2016 and is uptrending. It has outperformed by 8.83% the S&P500.

Analysts await TPG Specialty Lending Inc (NYSE:TSLX) to report earnings on February, 22. They expect $0.44 EPS, 0.00% or $0.00 from last year’s $0.44 per share. TSLX’s profit will be $26.83M for 10.44 P/E if the $0.44 EPS becomes a reality. After $0.51 actual EPS reported by TPG Specialty Lending Inc for the previous quarter, Wall Street now forecasts -13.73% negative EPS growth.

TPG Specialty Lending, Inc. is an externally managed, closed-end, non-diversified management investment company. The company has a market cap of $1.12 billion. The Firm is a specialty finance firm focused on lending to middle-market companies. It has a 10.84 P/E ratio. It seeks to generate current income primarily in the United States domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities.

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.”

TSLX Company Profile

TPG Specialty Lending, Inc. (TSL), incorporated on July 21, 2010, is an externally managed, closed-end, non-diversified management investment company. The Firm is a specialty finance firm focused on lending to middle-market companies. The Firm seeks to generate current income primarily in the United States domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities. The Firm may invest in larger or smaller companies on occasion. TSL is managed by TSL Advisers, LLC (the Adviser). The Adviser is the Company’s external manager. The Firm is engaged in direct equity investments, sale of loans and debt and equity securities, and loan origination. The companies in which TSL invests use its capital to support organic growth, acquisitions, market or product expansion and recapitalizations.

More important recent TPG Specialty Lending Inc (NYSE:TSLX) news were published by: Businesswire.com which released: “TPG Specialty Lending, Inc. Sends Letter to TICC Capital Corp. Chairman of the …” on August 02, 2016, also Businesswire.com published article titled: “TPG Specialty Lending, Inc. Sends Letter to TICC Capital Corp. Questioning …”, Reuters.com published: “BRIEF-TPG Specialty Lending Inc reports qtrly net income per share of $0….” on November 07, 2016. More interesting news about TPG Specialty Lending Inc (NYSE:TSLX) was released by: Businesswire.com and their article: “TPG Specialty Lending, Inc. Sends Letter to Independent Directors of TICC …” with publication date: August 29, 2016.

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