The stock of TPG Specialty Lending Inc (NYSE:TSLX) is a huge mover today! About 155,169 shares traded hands or 38.27% up from the average. TPG Specialty Lending Inc (NYSE:TSLX) has risen 8.12% since April 5, 2016 and is uptrending. It has outperformed by 6.17% the S&P500.
The move comes after 9 months positive chart setup for the $1.10 billion company. It was reported on Nov, 8 by Barchart.com. We have $28.97 PT which if reached, will make NYSE:TSLX worth $649.00 million more.
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. TPG Specialty Lending has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was reinitiated on Wednesday, April 27 by Janney Capital. The stock has “Neutral” rating given by Ladenburg Thalmann on Tuesday, December 8. The rating was upgraded by Zacks to “Hold” on Saturday, August 29. The stock of TPG Specialty Lending Inc (NYSE:TSLX) has “Neutral” rating given on Friday, August 12 by Citigroup. JMP Securities upgraded the stock to “Mkt Outperform” rating in Friday, August 5 report. The company was upgraded on Wednesday, August 19 by Zacks. The rating was downgraded by Zacks to “Buy” on Saturday, August 15.
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.”
More notable recent TPG Specialty Lending Inc (NYSE:TSLX) news were published by: Reuters.com which released: “BRIEF-TPG Specialty Lending Inc reports qtrly net income per share of $0….” on November 07, 2016, also Businesswire.com with their article: “TPG Specialty Lending, Inc. Announces Quarter Ended September 30, 2016 …” published on November 07, 2016, Businesswire.com published: “TPG Specialty Lending, Inc. Provides an Update on Investment Portfolio” on June 24, 2016. More interesting news about TPG Specialty Lending Inc (NYSE:TSLX) were released by: Businesswire.com and their article: “TPG Specialty Lending, Inc. Appoints Ian Simmonds as Chief Financial Officer” published on November 04, 2015 as well as Businesswire.com‘s news article titled: “TPG Specialty Lending, Inc. Letter Highlights TICC Capital Corp.’s Continued …” with publication date: July 13, 2016.
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.
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