21.57 0.00 (0.00%)
After hours: 4:17PM EST
|Bid||21.51 x 900|
|Ask||21.52 x 800|
|Day's Range||21.43 - 21.60|
|52 Week Range||17.75 - 22.23|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||10.85|
|Earnings Date||Feb 18, 2020 - Feb 24, 2020|
|Forward Dividend & Yield||1.56 (7.23%)|
|1y Target Est||21.95|
TPG (TSLX) delivered earnings and revenue surprises of 14.58% and 7.94%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
TPG Specialty Lending, Inc. today reported financial results for the third quarter ended September 30, 2019. Please view a printable version of the 2019 Third Quarter Results.
[Editor's note: This article was previously published on Sept. 13, 2019. Due to changes in the market since then, parts of this article have been rewritten with new information.]The holidays represent great opportunities to take a good look at your portfolio and make sure that you are good to get through the holiday buzz and into the new year. And this season starts with Halloween -- also known as All Hallows Eve. Halloween is celebrated with all sorts of scary stuff that's just for fun. But the markets can bring a whole lot of genuinely scary troubles that you should avoid with the right stocks.After Halloween we come quickly up to Thanksgiving and hopefully to a great feast with family and friends. And again, it should be another good time to make sure that you have stocks that you will be thankful for now and in the months to follow.InvestorPlace - Stock Market News, Stock Advice & Trading TipsChristmas brings the annual cornucopia of gifts complete with all of the cash needed to make everyone on your list a happy recipient. And having the right stocks inside your portfolio can be a great aid to your budget.For all three of these holidays, safer, dividend-paying stocks can tick many of the right boxes for your portfolio. Dividend stocks tend to be more defensive during the scary times of the markets. And dividend stocks provide lots of cash flows to be thankful for at Thanksgiving.I have always had a core focus on dividend stocks and bonds for both income and safer growth over time. And in my Profitable Investing I have my all-weather model portfolios chock-full of recommendations.Here are some prime examples that you can put to work for the holidays and into 2020 right now. Dividend Stocks to Buy: W. P. Carey (WPC)I start with W. P. Carey (NYSE:WPC) which is a highly successful real estate investment trust with a diverse collection of properties across segments. But what they all have in common is the company's signature structure of sale and leaseback triple-net leases. This is where W. P. Carey typically acquires a property from a significant company -- or even government entity -- and in turn leases it back to the seller for long-term lease. In addition, the tenant pays for the taxes, insurance and general upkeep, hence the term triple-net.This structure has major benefits. To start, W. P. Carey gets established tenants for its leased properties. And longer-term leases set the company up with more dependable income. Because the tenants cover taxes, insurance and maintenance, W. P. Carey escapes a whole lot of uncertainty.Revenues are up for the trailing year by 4.4%. The return on funds from operations -- which measures the profitability of just running the properties -- is at a very healthy 12.8%.And the dividend is running at 4.5%. The actual distributions have been rising each and every quarter for years and years making the company one of the true dividend aristocrats.The stock has generated a return over the trailing five years of 86.3% for an average annual equivalent of 13.2% * 7 Dividend Stocks That Could Struggle to Continue Payout Hikes And despite the quality of the company's assets and performance along with that rising dividend distribution, the stock is cheap compared to the general REIT market. The stock's price is valued at a mere 2.2 times book value which is significantly cheaper than the general market average of 2.7 times. This make WPC a cheap stock with great assets and a rising dividend. AT&T (T)Next is a very old and proven company, AT&T (NYSE:T). It offers a variety of services including streaming. And oh yes, it comes with a huge content warehouse and generator in Warner Brothers.The direct comparison stock is Verizon (NYSE:VZ) which is a good dividend stock. But AT&T is way, way cheaper. AT&T stock is at a mere 1.5 times book compared to Verizon's value of 4.3 times book.Revenue is rising with the trailing year up by 6.4% and while the company has a lot of components, overall operating margins are running at a fat 15.3%. That in in turn drives a nice return on equity running at 8.9%.It has built up debt in its acquisition of Time Warner -- but it is manageable at only 33.2% of assets.The stock has trailed Verizon until recently. Activist investor Paul Singer announced that he has amassed $3.2 billion of the company's stock. He wants AT&T to hone its focus and sell some of its superfluous operations. And the market likes what he's presenting. AT&T also likes the ideas and is now moving to divest some of its non-essential businesses, pay down some debt, buy back some shares, split the CEO and Board chair positions and add two board seats.Over the past five years, the stock has returned 46.3% for an average annual equivalent return of 7.9%. But year-to-date, the stock has returned 43%.The dividend is running with a yield of 5.3% and the distributions have been rising over the trailing five years by an average of 2.1% per year. These are all reasons why AT&T is a good dividend stock to buy now. AllianceBernstein (AB)Now I'll move to another industry and a stock that you might not recognize -- even if you invest in some of its well-run funds. AllianceBernstein (NYSE:AB) is a pass-through company in the asset management business. The key thing about asset managers is that it is all about the assets under management. They don't have to be exceptional in their investing -- just good enough to attract and keep assets on which they earn fees year in and year out.The company's assets under management figure has climbed by 25.8% over the trailing four years to a current $581 billion. That has resulted in revenue gains for the same period of 30.1%.This in turn is driving higher returns for shareholders with the return on equity running at 14.9%. But the real deal is that the shares trade at a discount to revenue by nearly 20% -- making the shares cheap. * 10 Stocks to Buy Regardless of Q3 Earnings The stock has been a good performer with the trailing five years generating a total return of 69% for average annual equivalent of 11.1%. Compass Diversified (CODI)Here is a stock from another company that perhaps you haven't had the fortune to know: Compass Diversified (NYSE:CODI). It's an investment holding company set up under the Investment Company Act of 1940. As such it operates without federal corporate income taxes, providing further cash for dividend payments to investors.CODI buys and owns a collection of well-branded industrial and consumer goods companies. You can think of it as a smaller and more nimble Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B). And Compass Diversified in turn works with management teams to further develop business values. When appropriate, it will also sell off companies.Along the way, CODI collects ample cash flows from the operating companies and in turn pays a dividend currently yielding 7.1%.Revenues are firmly on the rise with the trailing year's sales gain of 33.2%. Margins are positive, helping to drive a return on shareholder equity of 39.3%. And the stock is very cheap as it is valued at a 30% discount to trailing sales -- which as noted are firmly on the rise.Compass Diversified continues to deliver. Over the past five years shares have generated a total return of 70.3% for an average annual equivalent return of 11.2%. TPG Specialty Lending (TSLX)Last up in my list of divided stocks for the holidays is TPG Specialty Lending (NYSE:TSLX). This company is one of the alternative financial companies capitalizing on the combination of less regulation and higher capital requirements imposed on U.S. banks.Revenues are up on a tear with the trailing year climbing by 24.2%. Its net interest margin is running at 10% and it keeps its efficiency ratio humming at a profitable 31.5% -- which means it costs 31.5 cents to earn each dollar of revenue.The company has generated a return of 100.2% over the trailing five years for an average annual equivalent of 14.9%. TSLX pays regular dividends quarterly, providing a yield of 7.4%. But it also regularly pays additional dividends from ongoing profits for a current annual yield of 8.3%.In addition, since it is set up under the Investment Company Act of 1940 and the Small Business Investment Incentives Act of 1980, it avoids federal income taxes. This leaves more cash to feed that dividend. So, the company is cheaply run with great margins and a great dividend stream. TSLX is a great value right now.For more of my dividend paying stocks, please take a look at my Profitable Investing which is celebrating 30 years of publication. Click here to learn more. In addition, I have recently had a book published titled Income for Life. For more information on it click here. It is nearly 400 pages of income-producing investment strategies for all-weather economic conditions as well as additional income-producing ideas that anyone can use successfully.Neil George was once an all-star bond trader, but now he works morning and night to steer readers away from traps -- and into safe, top-performing income investments. Neil's new income program is a cash-generating machine … one that can help you collect $208 every day the market's open. Neil does not have any holdings in the securities mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 5 Excellent Dividend Stocks to Buy for the Holiday Season appeared first on InvestorPlace.
TPG (TSLX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
TPG Specialty Lending, Inc. (TSLX) (“TSLX” or the “Company”) announced today that it has priced an underwritten public offering of $300 million in aggregate principal amount of 3.875% notes due 2024. The notes will mature on November 1, 2024 and may be redeemed in whole or in part at TSLX’s option at any time at par plus a “make-whole” premium, if applicable. TSLX expects to use the net proceeds of the offering to pay down outstanding debt under its revolving credit facility.
TPG Specialty Lending, Inc. (TSLX) (“TSLX” or “the Company") announced today that it will release its financial results for the third quarter ended September 30, 2019 on Tuesday, November 5, 2019, after the market closes. TSLX invites all interested persons to its webcast / conference call on Wednesday, November 6, 2019 at 8:30 a.m. Eastern Time to discuss its third quarter ended September 30, 2019 financial results. The conference call will be broadcast live at 8:30 a.m. Eastern Time on the Investor Resources section of TSLX’s website at http://www.tpgspecialtylending.com.
Moody's Investors Service ("Moody's") has affirmed TPG Specialty Lending, Inc.'s (TSLX) long-term issuer and senior unsecured debt ratings at Baa3. The affirmation of TSLX's ratings is supported by the company's continued strong financial performance, as evidenced by its superior profitability, consistent with its results since the 2014 initial public offering. TSLX continues to maintain a strong asset mix, focused on first-lien investments, and solid asset coverage.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of TPG Specialty Lending, Inc. New York, September 11, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of TPG Specialty Lending, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Every industry has its disruptors. The old and established leaders get comfortable doing things the same way -- it has worked for decades, so why change? Sometimes disruptors come with new ideas and approaches. Other times they have new technologies that can range from an app to a completely new means of operating.Source: Shutterstock One example that I use on a daily basis involves artificial intelligence (AI). I have a Bloomberg Terminal, which is a vital tool for pulling all sorts of data and information on any economy or market as well as any stock, bond or other security. It also comes with over 2,700 journalists around the globe that are generating news and other stories each and every day. But interestingly, Bloomberg has adopted AI which combs news releases and economic data releases. Then its army of robotic writers create an increasing percentage of its posted stories.There shouldn't be anything subjective in the robotic writing, but you never know how this will develop. By the way, I am not a robot.InvestorPlace - Stock Market News, Stock Advice & Trading Tips AI and Fintech StocksBanking is getting it worse. Financial technology (Fintech) companies continue to roll out non-bank payment, loan and deposit apps. These are increasingly making consumer banking with traditional banks less necessary, if not more costly. And even mortgages can be applied for or refinanced via apps.This has led many newer stocks to grab investor attention, including Square (NYSE:SQ) with its alternative mobile payment and point-of-sale services. It many be gathering new adopters, with revenue up over the trailing year by 49%, but it has negative operating margins running at -1.1% which in turn is delivering a loss on shareholder equity of -4.7%. * 7 Deeply Discounted Energy Stocks to Buy And dividends? Not with Square's cash burn. No wonder that in the trailing year, insiders have been reporting millions upon millions of shares sold, not bought. Bad indicator.Then there's Fiserv (NASDAQ:FISV) stock, which provides behind-the-scenes services and systems to alt-financial fintech companies. This company is a bit more responsible, with operating margins running at 30.1% which in turn is helping the return on equity to reach a current 35.6%. But its sales are anemic, with gains over the trailing year of only 2.2%.And it doesn't have much cash on hand, putting it in credit jeopardy in the short term. And the stock is valued at 16.4 times its book value which is has actually dropped by 42.6% to a current value of $6.48 per share from where it stood back in 2017.Again, no wonder that over the trailing year, that there were 20 sellers in management and the board -- again not a vote of confidence. And dividends? Not with the cash trouble and short-term credit woes. Instead, twice in the past 10 years, Fiserv has had to do two reverse 2 for 1 splits to keep the stock price up to avoid regulatory and market scrutiny. Better Alt-Financials With Better FintechFintech might be a good disrupter for beating traditional banks, but it's not so rewarding for investors -- especially without dividend income.But what is really beating banks comes from three obscure bits of Congressional legislation: The Investment Companies Act of 1940, The Small Business Investment Incentive Act of 1980 and The Cigar Excise Tax Extension Act of 1960.The Investment Companies Act established holding companies and funds, which allowed companies to own financial assets beyond just plant and equipment like operating companies. The Small Business Investment Incentives Act provided companies beyond banks to lend and own loans and other financing instruments from public and private companies, which brought needed loans to a stifled banking market. And the Cigar Excise Tax Extension Act had embedded in it the legal and tax structure which enabled real estate investment trusts (REITs). Business Development CompaniesBack in the late 1970's, inflation was out of control, driving interest rates to the moon and driving banks to be reticent about lending. So, the 1980 legislation allowed non-banks to operate as investment companies which could make loans and invest in loans. This began what is largely known as Business Development Companies (BDCs), which also do not have to pay traditional corporate income taxes.BDCs have been a very successful business model over the past many years. Banks have been strangled with low interest rates, which limit their net interest margins (NIM). This margin is the difference between what they pay in deposits against what they earn from loans. And regulations post 2007-2008 have stifled them with costly compliance. Even with relief over the past three years, much still needs to be done to unburden banks.Better than Banks: MVIS BDC Index Total Return Source MVIS & BloombergBDCs are outside much regulatory purviews and they don't do deposits. And lower interest rates enable them to fund themselves at lower rates through various non-banking means such as the bond and credit markets. And it shows in the performance of the MVIS BDC Index generating a return year to date of 21.53% including an average trailing tax-advantaged dividend yield of 9.72%.Moreover, BDCs also participate in the business loan market. And while there can be some shadows in this part of the credit market, the well-run and well-capitalized companies can participate in senior loans, which BDCs can participate in for their portfolio assets.Senior Loan Debt Index Source Palmer Square & BloombergSenior loans continue to perform well, even with some pullbacks. Such was the case with a drop in liquidity during the closing weeks of last year.In the model portfolios of my Profitable Investing, I have a great BDC in Hercules Capital (NYSE:HTGC). Hercules is based in Palo Alto, California, with offices around the nation. It focuses on working with technology companies and has a good track record of financing startups through to become bold-faced names in the tech market. It makes loans and provides other financing and also takes equity participation in its portfolio companies. It then works with them like bankers used to do by guiding them along to an exit strategy of being bought or through an IPO.Net interest margin (NIM) is ample at 8.9% and the efficiency ratio is good at 52.5% (the lower the ratio, the greater the profitability). Revenues are up 8.8% for the trailing year and it feeds a nice annual dividend stream including regular special distributions yielding 10.1%.The Profitable Investing portfolio also has Main Street Capital (NYSE:MAIN). This BDC focuses on more mundane small-to-middle-market companies with lending and other financing. It has wide financial margin and an efficiency ratio of an amazing 8.2%. and it pays an annual dividend, including regular special distributions, yielding 6.7%.Then there is my recommended TPG Specialty Lending (NYSE:TSLX). This company provides financing and capital to a variety of companies, including loan assets in its portfolio. Part of the famous TPG Capital formally called Texas Pacific Group which is one of the largest and more successful private equity firms in the world -- TPG Specialty draws great talent and resources from its affiliate.Revenues are up on a tear with the trailing year climbing by 24.2%. Its NIM is running at 10% and it keeps its efficiency ratio humming at a profitable 31.5%.TPG Specialty Lending (TSLX) Longer Term Total Return Source BloombergThe company has generated a return of 87.8% over the trailing five years for an average annual equivalent of 13.4%.It pays regular dividends quarterly, providing a yield of 7.5%. But it also regularly pays additional dividends from ongoing profits throughout the year for a current annual yield of 8.8%. Another Proven Bank DisruptorBanks used to be big in the mortgage business. That has been changing, particular post-2007-2008. Now others are in the market to originate and own mortgages. Inside my model portfolios of Profitable Investing, I have MFA Financial (NYSE:MFA) which is structured as a REIT under the Cigar Excise legislation noted above. MFA owns and runs a mortgage portfolio which in turn fuels an ample dividend yielding 11%. And it has proven itself to work during times of adversary including doing pretty well in the midst of the 2007-2008 financial crisis.Over the past 10 years, MFA has delivered a return of 213.48% for an average annual equivalent of 12.09%. Buy it in a taxable account as 20% of its dividends qualify as deductible from income tax liabilities thanks to the Tax Cuts & Jobs Act of 2017, making the payout distributions even more attractive after taxes.And now that I've presented my alternative Alt-Financials for more dividends and price gains, perhaps you might like to see more of my market research and recommendations for further safer growth and bigger reliable income. For more - look at my Profitable Investing. Click here to learn more: https://profitableinvesting.investorplace.com/Neil George is the editor of Profitable Investing and does not have any holdings in the securities mentioned above. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 4 Fintech Alternatives to Square & Fiserv with Big Dividends appeared first on InvestorPlace.
TPG (TSLX) delivered earnings and revenue surprises of 2.17% and 8.76%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
TPG (TSLX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TPG Specialty Lending, Inc. (TSLX) (“TSLX” or “the Company") announced today that it will release its financial results for the second quarter ended June 30, 2019 on Wednesday, July 31, 2019, after the market closes. TSLX invites all interested persons to its webcast / conference call on Thursday, August 1, 2019 at 8:30 a.m. Eastern Time to discuss its second quarter ended June 30, 2019 financial results. The conference call will be broadcast live at 8:30 a.m. Eastern Time on the Investor Resources section of TSLX’s website at http://www.tpgspecialtylending.com.