Atlantic Trust Group LLC purchased a new position in shares of TPG Specialty Lending Inc (NYSE:TSLX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 100,190 shares of the financial services provider’s stock, valued at approximately $2,100,000. Atlantic Trust Group LLC owned 0.17% of TPG Specialty Lending at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Pinebridge Investments L.P. boosted its stake in TPG Specialty Lending by 1.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 94 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its stake in TPG Specialty Lending by 37.9% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,454 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 2,600 shares during the last quarter. Nationwide Fund Advisors bought a new position in TPG Specialty Lending during the 3rd quarter worth approximately $256,000. California Public Employees Retirement System bought a new position in TPG Specialty Lending during the 2nd quarter worth approximately $491,000. Finally, Summit Global Investments boosted its stake in TPG Specialty Lending by 8.4% during the 2nd quarter. Summit Global Investments now owns 24,513 shares of the financial services provider’s stock worth $501,000 after acquiring an additional 1,904 shares during the last quarter. Institutional investors own 62.92% of the company’s stock.
TPG Specialty Lending Inc (TSLX) opened at $20.06 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.58. TPG Specialty Lending Inc has a one year low of $18.20 and a one year high of $21.74. The firm has a market cap of $1,205.10, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 3.71 and a beta of 0.67.
TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.08. TPG Specialty Lending had a net margin of 56.43% and a return on equity of 12.63%. The firm had revenue of $48.86 million for the quarter, compared to analyst estimates of $48.58 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. equities research analysts expect that TPG Specialty Lending Inc will post 2.01 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend was Thursday, December 14th. TPG Specialty Lending’s payout ratio is currently 79.59%.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Thursday, October 5th. BidaskClub lowered shares of TPG Specialty Lending from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. National Securities lifted their price objective on shares of TPG Specialty Lending from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, November 13th. Finally, SunTrust Banks reissued a “buy” rating and set a $22.00 price objective on shares of TPG Specialty Lending in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. TPG Specialty Lending currently has an average rating of “Hold” and an average 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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