Raymond James & Associates boosted its holdings in TPG Specialty Lending (NYSE:TSLX) by 7.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,735 shares of the financial services provider’s stock after acquiring an additional 2,734 shares during the quarter. Raymond James & Associates owned 0.07% of TPG Specialty Lending worth $787,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Koshinski Asset Management Inc. lifted its position in 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 acquiring an additional 2,950 shares in the last quarter. IFG Advisory LLC bought a new position in TPG Specialty Lending in the 4th quarter valued at about $209,000. California Public Employees Retirement System lifted its position in TPG Specialty Lending by 10.0% in the 4th quarter. California Public Employees Retirement System now owns 44,200 shares of the financial services provider’s stock valued at $875,000 after acquiring an additional 4,000 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in TPG Specialty Lending in the 4th quarter valued at about $104,000. Finally, Nationwide Fund Advisors bought a new position in TPG Specialty Lending in the 3rd quarter valued at about $256,000. 62.71% of the stock is currently owned by institutional investors and hedge funds.
NYSE:TSLX opened at $17.78 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1,073.93, a price-to-earnings ratio of 8.89, a PEG ratio of 3.26 and a beta of 0.61. TPG Specialty Lending has a 52 week low of $17.00 and a 52 week high of $21.74.
TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The firm had revenue of $48.80 million during the quarter, compared to analyst estimates of $49.58 million. TPG Specialty Lending had a net margin of 53.80% and a return on equity of 12.45%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. equities analysts forecast that TPG Specialty Lending will post 1.82 earnings per share for the current year.
The company also recently disclosed a special dividend, which was paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th were paid a $0.03 dividend. The ex-dividend date was Tuesday, February 27th. This represents a yield of 8.52%. TPG Specialty Lending’s dividend payout ratio (DPR) is 78.00%.
In related news, Director Richard A. Higginbotham purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $18.32 per share, for a total transaction of $183,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ronald Tanemura purchased 30,000 shares of the firm’s stock in a transaction dated Friday, March 23rd. The shares were bought at an average price of $17.45 per share, with a total value of $523,500.00. Following the purchase, the director now owns 86,516 shares in the company, valued at $1,509,704.20. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 46,295 shares of company stock valued at $822,352. Company insiders own 4.80% of the company’s stock.
Several brokerages recently weighed in on TSLX. JMP Securities dropped their price target on shares of TPG Specialty Lending from $22.00 to $21.50 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. SunTrust Banks reiterated a “buy” rating and issued a $21.00 price objective on shares of TPG Specialty Lending in a research note on Friday, February 23rd. JPMorgan Chase decreased their price objective on shares of TPG Specialty Lending from $19.00 to $18.50 and set a “neutral” rating for the company in a research note on Wednesday, April 11th. National Securities reiterated a “buy” rating and issued a $21.00 price objective on shares of TPG Specialty Lending in a research note on Thursday, March 22nd. Finally, Ladenburg Thalmann upgraded shares of TPG Specialty Lending from a “neutral” rating to a “buy” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. TPG Specialty Lending currently has a consensus rating of “Hold” and an average target price of $21.00.
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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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