TPG Specialty Lending Inc (TSLX) was Upgraded by JMP Securities to ” Mkt Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. JMP Securities advised their investors in a research report released on Aug 5, 2016.
On the company’s financial health, TPG Specialty Lending Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.42. The company had revenue of $46.03 million for the quarter, compared to analysts expectations of $45.14 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
TPG Specialty Lending Inc opened for trading at $17.52 and hit $18 on the upside on Thursday, eventually ending the session at $17.81, with a gain of 1.77% or 0.31 points. The heightened volatility saw the trading volume jump to 2,01,797 shares. Company has a market cap of $1,058 M.
In a different news, on May 12, 2016, Richard A Higginbotham (director) purchased 10,000 shares at $16.19 per share price. According to the SEC, on Mar 10, 2016, Ronald Tanemura (director) purchased 10,000 shares at $15.95 per share price. On Mar 7, 2016, Joshua Easterly (CEO) purchased 6,500 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.
TPG Specialty Lending Inc. (TSL) is an externally managed closed-end non-diversified management investment company. The Company is a specialty finance company focused on lending to middle-market companies. The Company 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 companies in which TSL invests use its capital to support organic growth acquisitions market or product expansion and recapitalizations. It invests in first-lien debt second-lien debt mezzanine debt and equity and other investments. As of December 31 2014 its portfolio was invested across 19 different industries including healthcare and pharmaceuticals business services and financial services. TSL is managed by TSL Advisers LLC (the Adviser). The Adviser is the Company’s external manager.