LSV Asset Management boosted its holdings in TPG Specialty Lending Inc (NYSE:TSLX) by 90.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 485,627 shares of the financial services provider’s stock after purchasing an additional 230,447 shares during the period. LSV Asset Management owned approximately 0.81% of TPG Specialty Lending worth $9,615,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of TSLX. Steward Partners Investment Advisory LLC bought a new position in shares of TPG Specialty Lending during the fourth quarter valued at about $104,000. Global X MANAGEMENT CO LLC raised its stake in shares of TPG Specialty Lending by 37.9% during the third quarter. Global X MANAGEMENT CO LLC now owns 9,454 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 2,600 shares during the last quarter. IFG Advisory LLC bought a new position in shares of TPG Specialty Lending during the fourth quarter valued at about $209,000. Nationwide Fund Advisors bought a new position in shares of TPG Specialty Lending during the third quarter valued at about $256,000. Finally, Koshinski Asset Management Inc. raised its stake in shares of TPG Specialty Lending by 21.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 16,400 shares of the financial services provider’s stock valued at $325,000 after acquiring an additional 2,950 shares during the last quarter. 63.63% of the stock is owned by institutional investors and hedge funds.
Shares of TPG Specialty Lending Inc (NYSE TSLX) traded up $0.05 during midday trading on Friday, hitting $18.36. 203,935 shares of the company traded hands, compared to its average volume of 292,626. TPG Specialty Lending Inc has a one year low of $17.76 and a one year high of $21.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $1,105.73, a PE ratio of 9.37, a P/E/G ratio of 3.40 and a beta of 0.57.
TSLX has been the subject of several recent analyst reports. BidaskClub downgraded shares of TPG Specialty Lending from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Zacks Investment Research raised shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Friday, November 10th. SunTrust Banks reiterated a “buy” rating and set a $22.00 price target on shares of TPG Specialty Lending in a research report on Friday, November 10th. Finally, National Securities boosted their price target on shares of TPG Specialty Lending from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target 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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