Ladenburg Thalmann Financial Services Inc. raised its position in TPG Specialty Lending Inc (NYSE:TSLX) by 56.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 88,289 shares of the financial services provider’s stock after buying an additional 31,754 shares during the period. Ladenburg Thalmann Financial Services Inc. owned about 0.15% of TPG Specialty Lending worth $1,851,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Mackenzie Financial Corp raised its stake in TPG Specialty Lending by 19.0% during the 3rd quarter. Mackenzie Financial Corp now owns 66,000 shares of the financial services provider’s stock worth $1,383,000 after buying an additional 10,553 shares during the period. OxFORD Asset Management LLP raised its stake in TPG Specialty Lending by 767.3% during the 3rd quarter. OxFORD Asset Management LLP now owns 106,007 shares of the financial services provider’s stock worth $2,203,000 after buying an additional 93,784 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in TPG Specialty Lending during the 3rd quarter worth $809,000. Mckinley Capital Management LLC Delaware raised its stake in TPG Specialty Lending by 14.7% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 206,157 shares of the financial services provider’s stock worth $4,321,000 after buying an additional 26,386 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of TPG Specialty Lending in the 3rd quarter valued at about $687,000. Institutional investors and hedge funds own 62.92% of the company’s stock.
TPG Specialty Lending Inc (NYSE TSLX) opened at $19.80 on Monday. TPG Specialty Lending Inc has a 1-year low of $18.20 and a 1-year high of $21.74. The company has a market capitalization of $1,192.45, a PE ratio of 10.10, a P/E/G ratio of 3.29 and a beta of 0.67. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58.
TPG Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share (EPS) 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 company had revenue of $48.86 million during the quarter, compared to analysts’ expectations of $48.58 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. analysts forecast that TPG Specialty Lending Inc will post 2.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders 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 dividend yield of 7.88%. The ex-dividend date is Thursday, December 14th. TPG Specialty Lending’s dividend payout ratio is presently 79.59%.
Several analysts have issued reports on TSLX shares. National Securities lifted their price target on TPG Specialty Lending from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, November 13th. Zacks Investment Research downgraded TPG Specialty Lending from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. BidaskClub downgraded TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.75.
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TPG Specialty Lending Company Profile
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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