Hillsdale Investment Management Inc. Takes Position in TPG Specialty Lending Inc (NYSE:TSLX)

Hillsdale Investment Management Inc. bought a new position in shares of TPG Specialty Lending Inc (NYSE:TSLX) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 38,600 shares of the financial services provider’s stock, valued at approximately $809,000. Hillsdale Investment Management Inc. owned about 0.06% of TPG Specialty Lending as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Pinebridge Investments L.P. increased its position in TPG Specialty Lending by 1.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 94 shares during the period. Global X MANAGEMENT CO LLC boosted its stake in TPG Specialty Lending by 37.9% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,454 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 2,600 shares in the last quarter. Nationwide Fund Advisors bought a new position in TPG Specialty Lending during the 3rd quarter valued at $256,000. Eagle Global Advisors LLC bought a new position in TPG Specialty Lending during the 2nd quarter valued at $304,000. Finally, California Public Employees Retirement System bought a new position in TPG Specialty Lending during the 2nd quarter valued at $491,000. 63.07% of the stock is currently owned by institutional investors.

TPG Specialty Lending Inc (NYSE TSLX) traded down $0.07 during trading on Friday, hitting $20.54. The stock had a trading volume of 80,474 shares, compared to its average volume of 109,147. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1,237.02, a price-to-earnings ratio of 10.17, a PEG ratio of 3.41 and a beta of 0.67. TPG Specialty Lending Inc has a twelve month low of $18.20 and a twelve month high of $21.74.

TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. TPG Specialty Lending had a return on equity of 12.63% and a net margin of 56.43%. The business had revenue of $48.86 million for the quarter, compared to the consensus estimate of $48.58 million. During the same period last year, the business earned $0.51 earnings per share. analysts predict that TPG Specialty Lending Inc will post 2.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend is Thursday, December 14th. TPG Specialty Lending’s payout ratio is 79.59%.

Several equities research analysts have recently weighed in on TSLX shares. BidaskClub lowered TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 31st. Zacks Investment Research raised TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, October 5th. SunTrust Banks reaffirmed a “buy” rating and issued a $22.00 target price on shares of TPG Specialty Lending in a research report on Friday, November 10th. Finally, National Securities increased their price objective on TPG Specialty Lending from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.75.

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About TPG Specialty Lending

TPG Specialty Lending, Inc 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. It seeks to generate current income primarily in the United States-domiciled middle-market companies through direct originations of senior secured loans and originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.

Institutional Ownership by Quarter for TPG Specialty Lending (NYSE:TSLX)

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