UBS Group AG decreased its holdings in shares of TPG Specialty Lending Inc (NYSE:TSLX) by 11.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,202,644 shares of the financial services provider’s stock after selling 163,106 shares during the quarter. UBS Group AG owned about 1.85% of TPG Specialty Lending worth $21,479,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of TSLX. California Public Employees Retirement System lifted its holdings in shares of TPG Specialty Lending by 10.0% during 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. First Trust Advisors LP acquired a new position in shares of TPG Specialty Lending during the 4th quarter valued at $2,167,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of TPG Specialty Lending during the 4th quarter valued at $360,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of TPG Specialty Lending by 59.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 484,931 shares of the financial services provider’s stock valued at $9,602,000 after acquiring an additional 180,841 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new position in shares of TPG Specialty Lending during the 4th quarter valued at $330,000. Institutional investors and hedge funds own 61.87% of the company’s stock.
In related news, Director Ronald Tanemura purchased 30,000 shares of the stock in a transaction that occurred on Friday, March 23rd. The stock was acquired at an average cost of $17.45 per share, with a total value of $523,500.00. Following the transaction, the director now owns 86,516 shares of the company’s stock, valued at approximately $1,509,704.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.80% of the company’s stock.
TSLX has been the topic of a number of recent analyst reports. JMP Securities cut their price objective on shares of TPG Specialty Lending from $22.00 to $21.50 and set an “outperform” rating on the stock in a 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 report on Friday, February 23rd. Bank of America initiated coverage on shares of TPG Specialty Lending in a report on Thursday, April 26th. They issued a “buy” rating and a $21.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of TPG Specialty Lending from $19.00 to $18.50 and set a “neutral” rating on the stock in a report on Wednesday, April 11th. Finally, National Securities reiterated a “buy” rating and issued a $21.00 price objective on shares of TPG Specialty Lending in a report on Thursday, March 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.67.
TSLX opened at $18.10 on Wednesday. The stock has a market capitalization of $1.17 billion, a PE ratio of 9.05, a P/E/G ratio of 3.15 and a beta of 0.61. TPG Specialty Lending Inc has a 1-year low of $17.00 and a 1-year high of $21.74. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.80.
TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $57.80 million during the quarter, compared to analyst estimates of $51.64 million. TPG Specialty Lending had a return on equity of 12.45% and a net margin of 54.68%. TPG Specialty Lending’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. equities analysts expect that TPG Specialty Lending Inc will post 1.91 EPS for the current year.
The business also recently declared a special dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, May 31st will be given a $0.06 dividend. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.03. This represents a yield of 8.27%. The ex-dividend date of this dividend is Wednesday, May 30th. TPG Specialty Lending’s dividend payout ratio is presently 78.00%.
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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