Silver Capital Management LLC acquired a new position in TPG Specialty Lending Inc (NYSE:TSLX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 55,179 shares of the financial services provider’s stock, valued at approximately $1,092,000. TPG Specialty Lending comprises approximately 3.9% of Silver Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Silver Capital Management LLC owned about 0.09% of TPG Specialty Lending at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. IFG Advisory LLC acquired a new position in shares of TPG Specialty Lending in the 4th quarter worth approximately $209,000. Steward Partners Investment Advisory LLC acquired a new position in shares of TPG Specialty Lending in the 4th quarter worth approximately $104,000. Global X MANAGEMENT CO LLC grew its stake in shares of TPG Specialty Lending by 37.9% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,454 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 2,600 shares during the last quarter. Nationwide Fund Advisors acquired a new position in shares of TPG Specialty Lending in the 3rd quarter worth approximately $256,000. Finally, Koshinski Asset Management Inc. grew its stake in shares of TPG Specialty Lending by 21.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 16,400 shares of the financial services provider’s stock worth $325,000 after purchasing an additional 2,950 shares during the last quarter. 63.63% of the stock is currently owned by institutional investors.
TSLX has been the topic of several recent research reports. SunTrust Banks reaffirmed a “buy” rating and issued a $22.00 price objective on shares of TPG Specialty Lending in a research note on Friday, November 10th. Zacks Investment Research raised shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Friday, November 10th. National Securities lifted their target price on shares of TPG Specialty Lending from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, November 13th. Finally, BidaskClub downgraded shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $21.75.
Shares of TPG Specialty Lending Inc (NYSE TSLX) traded down $0.16 on Wednesday, reaching $18.48. 53,798 shares of the company were exchanged, compared to its average volume of 232,166. TPG Specialty Lending Inc has a 52-week low of $17.76 and a 52-week high of $21.74. The stock has a market capitalization of $1,115.97, a P/E ratio of 9.51, a PEG ratio of 3.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.76.
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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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