Advisory Research Inc. decreased its holdings in shares of TPG Specialty Lending Inc (NYSE:TSLX) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 320,768 shares of the financial services provider’s stock after selling 58,598 shares during the quarter. Advisory Research Inc. owned about 0.53% of TPG Specialty Lending worth $6,351,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in TSLX. LSV Asset Management raised its stake in TPG Specialty Lending by 90.3% during the fourth quarter. LSV Asset Management now owns 485,627 shares of the financial services provider’s stock valued at $9,615,000 after purchasing an additional 230,447 shares in the last quarter. Strs Ohio raised its stake in shares of TPG Specialty Lending by 2.8% in the fourth quarter. Strs Ohio now owns 4,770,420 shares of the financial services provider’s stock valued at $94,454,000 after acquiring an additional 127,955 shares during the period. First Trust Advisors LP purchased a new stake in shares of TPG Specialty Lending in the fourth quarter valued at $2,167,000. Atlantic Trust Group LLC purchased a new stake in shares of TPG Specialty Lending in the third quarter valued at $2,100,000. Finally, OxFORD Asset Management LLP raised its stake in shares of TPG Specialty Lending by 767.3% in the third quarter. OxFORD Asset Management LLP now owns 106,007 shares of the financial services provider’s stock valued at $2,203,000 after acquiring an additional 93,784 shares during the period. 63.63% of the stock is currently owned by institutional investors.
Shares of TPG Specialty Lending Inc (NYSE TSLX) opened at $18.31 on Friday. TPG Specialty Lending Inc has a 12 month low of $17.76 and a 12 month high of $21.74. The firm has a market cap of $1,110.55, a price-to-earnings ratio of 9.34, a PEG ratio of 3.42 and a beta of 0.57. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.58.
Several brokerages have recently weighed in on TSLX. 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 note on Friday, November 10th. SunTrust Banks reissued a “buy” rating and issued a $22.00 target price on shares of TPG Specialty Lending in a research note on Friday, November 10th. BidaskClub downgraded shares of TPG Specialty Lending from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Finally, National Securities increased their target price on shares of TPG Specialty Lending from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.75.
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TPG Specialty Lending 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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