Rating Change: TPG Specialty Lending (TSLX) Is a Stock National Securities Is Wary of; Firm Downgrades It

November 28, 2016 - By Darrin Black

Rating Change: TPG Specialty Lending (TSLX) Is a Stock National Securities Is Wary of; Firm Downgrades It

TPG Specialty Lending (TSLX) Downgrade

National Securities gave TPG Specialty Lending (TSLX) shares a new “Neutral” rating in a a note revealed to clients on Monday, 28 November. This is cut from the last “Buy” rating.

About 32,023 shares traded hands. TPG Specialty Lending Inc (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 earnings per share, 0.00% or $0.00 from last year’s $0.44 per share. TSLX’s profit will be $26.80M for 10.45 P/E if the $0.44 EPS becomes a reality. After $0.51 actual earnings per share 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 10.86 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. Letter Highlights TICC Capital Corp.’s Continued …” on July 13, 2016, also Businesswire.com published article titled: “TPG Specialty Lending, Inc. Sends Letter to TICC Capital Corp. Chairman of the …”, Businesswire.com published: “TPG Specialty Lending, Inc. Sends Letter to TICC Capital Corp. Questioning …” on June 07, 2016. More interesting news about TPG Specialty Lending Inc (NYSE:TSLX) was released by: Reuters.com and their article: “BRIEF-TPG Specialty Lending Inc reports qtrly net income per share of $0….” with publication date: November 07, 2016.

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