Two Sigma Advisers LP decreased its holdings in TPG Specialty Lending (NYSE:TSLX) by 79.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,624 shares of the financial services provider’s stock after selling 97,700 shares during the period. Two Sigma Advisers LP’s holdings in TPG Specialty Lending were worth $488,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in TSLX. Steward Partners Investment Advisory LLC acquired a new position in shares of TPG Specialty Lending in the 4th quarter valued at $104,000. IFG Advisory LLC acquired a new position in shares of TPG Specialty Lending in the 4th quarter valued at $209,000. Nationwide Fund Advisors acquired a new position in shares of TPG Specialty Lending in the 3rd quarter valued at $256,000. Texas Yale Capital Corp. acquired a new position in shares of TPG Specialty Lending in the 4th quarter valued at $278,000. Finally, Koshinski Asset Management Inc. raised 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 valued at $325,000 after buying an additional 2,950 shares in the last quarter. Institutional investors own 62.71% of the company’s stock.
In related news, Director Ronald Tanemura acquired 30,000 shares of the firm’s stock in a transaction on Friday, March 23rd. The shares were purchased at an average price of $17.45 per share, with a total value of $523,500.00. Following the acquisition, the director now directly owns 86,516 shares in the company, valued at $1,509,704.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard A. Higginbotham acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $18.32 per share, for a total transaction of $183,200.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 46,295 shares of company stock valued at $822,352 in the last quarter. 4.80% of the stock is currently owned by corporate insiders.
Shares of TPG Specialty Lending stock opened at $17.78 on Friday. The stock has a market cap of $1,082.98, a P/E ratio of 8.89, a PEG ratio of 3.28 and a beta of 0.61. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73. TPG Specialty Lending has a 12-month low of $17.00 and a 12-month high of $21.74.
TPG Specialty Lending (NYSE:TSLX) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $48.80 million during the quarter, compared to analysts’ expectations of $49.58 million. TPG Specialty Lending had a net margin of 53.80% and a return on equity of 12.45%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. equities research analysts forecast that TPG Specialty Lending will post 1.82 EPS for the current fiscal year.
The company also recently announced a special dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, February 28th were given a dividend of $0.03 per share. This represents a dividend yield of 8.52%. The ex-dividend date of this dividend was Tuesday, February 27th. TPG Specialty Lending’s dividend payout ratio (DPR) is currently 78.00%.
TSLX has been the subject of a number of recent research reports. National Securities upgraded shares of TPG Specialty Lending from a “neutral” rating to a “buy” rating and increased their price objective for the company from $20.00 to $21.00 in a research note on Monday, February 26th. Ladenburg Thalmann upgraded shares of TPG Specialty Lending from a “neutral” rating to a “buy” rating in a research note on Thursday, February 22nd. ValuEngine cut shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. SunTrust Banks reiterated a “buy” rating and set a $21.00 target price on shares of TPG Specialty Lending in a research report on Friday, February 23rd. Finally, JMP Securities dropped their target price on shares of TPG Specialty Lending from $22.00 to $21.50 and set an “outperform” rating for the company in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. TPG Specialty Lending presently has a consensus rating of “Hold” and an average target price of $21.00.
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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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