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.
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