TPG Specialty Lending (TSLX) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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TPG Specialty Lending (NYSE:TSLX) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01, MarketWatch Earnings reports. TPG Specialty Lending had a return on equity of 12.40% and a net margin of 53.60%. The business had revenue of $63.00 million for the quarter, compared to analyst estimates of $58.77 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share.

NYSE TSLX traded down $0.22 on Wednesday, reaching $20.64. The company had a trading volume of 8,593 shares, compared to its average volume of 274,068. The company has a market capitalization of $1.33 billion, a PE ratio of 10.33, a P/E/G ratio of 5.00 and a beta of 0.62. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.81. TPG Specialty Lending has a 52 week low of $17.00 and a 52 week high of $20.94.

In other TPG Specialty Lending news, Director Richard A. Higginbotham purchased 2,000 shares of the stock in a transaction on Friday, August 24th. The stock was bought at an average cost of $19.73 per share, for a total transaction of $39,460.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $394,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Allen Investment Management LLC increased its holdings in shares of TPG Specialty Lending by 104.4% in the second quarter. Allen Investment Management LLC now owns 46,502 shares of the financial services provider’s stock worth $834,000 after acquiring an additional 23,748 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of TPG Specialty Lending by 13.6% during the first quarter. Principal Financial Group Inc. now owns 53,353 shares of the financial services provider’s stock worth $953,000 after buying an additional 6,405 shares in the last quarter. Progeny 3 Inc. grew its holdings in shares of TPG Specialty Lending by 30.0% during the second quarter. Progeny 3 Inc. now owns 520,020 shares of the financial services provider’s stock worth $9,329,000 after buying an additional 119,993 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of TPG Specialty Lending during the second quarter worth about $121,000. Finally, Cliffwater LLC grew its holdings in shares of TPG Specialty Lending by 2.9% during the second quarter. Cliffwater LLC now owns 229,730 shares of the financial services provider’s stock worth $4,121,000 after buying an additional 6,574 shares in the last quarter. Institutional investors own 60.83% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered TPG Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 1st. ValuEngine downgraded TPG Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.29.

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About TPG Specialty Lending

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.

Further Reading: Return on Equity (ROE)

Earnings History for TPG Specialty Lending (NYSE:TSLX)

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