Raymond James Financial Services Advisors Inc. purchased a new stake in TPG Specialty Lending Inc (NYSE:TSLX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,169 shares of the financial services provider’s stock, valued at approximately $360,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in TPG Specialty Lending during the 4th quarter worth $104,000. Global X MANAGEMENT CO LLC raised its position 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 purchasing an additional 2,600 shares during the last quarter. IFG Advisory LLC bought a new position in TPG Specialty Lending during the 4th quarter worth $209,000. Nationwide Fund Advisors bought a new position in TPG Specialty Lending during the 3rd quarter worth $256,000. Finally, Texas Yale Capital Corp. bought a new position in TPG Specialty Lending during the 4th quarter worth $278,000. Institutional investors own 62.96% of the company’s stock.
TPG Specialty Lending stock opened at $17.88 on Monday. TPG Specialty Lending Inc has a 12-month low of $17.75 and a 12-month high of $21.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $1,079.97, a PE ratio of 9.66, a PEG ratio of 3.27 and a beta of 0.63.
TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. TPG Specialty Lending had a return on equity of 12.45% and a net margin of 53.80%. The firm had revenue of $48.80 million during the quarter, compared to analyst estimates of $49.58 million. During the same period last year, the company posted $0.47 EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. research analysts predict that TPG Specialty Lending Inc will post 1.82 earnings per share for the current year.
The firm also recently disclosed a special dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be given a $0.03 dividend. This represents a dividend yield of 8.52%. The ex-dividend date is Tuesday, February 27th. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 84.32%.
Several research analysts recently issued reports on the company. JMP Securities lowered their target price on 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. SunTrust Banks reaffirmed a “buy” rating and set a $21.00 target price on shares of TPG Specialty Lending in a research report on Friday, February 23rd. Ladenburg Thalmann Financial Services raised TPG Specialty Lending from a “neutral” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, National Securities raised TPG Specialty Lending from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $21.00 in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. TPG Specialty Lending has an average rating of “Buy” and an average price target of $21.63.
In other news, Director John Ross bought 5,000 shares of TPG Specialty Lending stock in a transaction dated Tuesday, March 6th. The stock was bought at an average cost of $18.40 per share, for a total transaction of $92,000.00. Following the purchase, the director now directly owns 22,701 shares in the company, valued at approximately $417,698.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard A. Higginbotham bought 10,000 shares of TPG Specialty Lending stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $18.32 per share, with a total value of $183,200.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 16,295 shares of company stock valued at $298,852. Corporate insiders own 4.90% of the company’s stock.
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About TPG Specialty Lending
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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