TPG Specialty Lending Inc (NYSE:TSLX) Holdings Boosted by Callodine Capital Management LP

Callodine Capital Management LP grew its stake in TPG Specialty Lending Inc (NYSE:TSLX) by 42.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200,000 shares of the financial services provider’s stock after purchasing an additional 60,000 shares during the quarter. TPG Specialty Lending makes up approximately 2.0% of Callodine Capital Management LP’s holdings, making the stock its 21st biggest holding. Callodine Capital Management LP’s holdings in TPG Specialty Lending were worth $4,000,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of TPG Specialty Lending by 3.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,926 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 502 shares in the last quarter. Allen Investment Management LLC raised its stake in shares of TPG Specialty Lending by 1.8% in the 1st quarter. Allen Investment Management LLC now owns 30,935 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 550 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of TPG Specialty Lending by 1.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 60,908 shares of the financial services provider’s stock valued at $1,218,000 after purchasing an additional 594 shares in the last quarter. Synovus Financial Corp raised its stake in shares of TPG Specialty Lending by 27.0% in the 1st quarter. Synovus Financial Corp now owns 3,958 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 842 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of TPG Specialty Lending by 7.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,882 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 60.59% of the company’s stock.

Shares of NYSE:TSLX opened at $20.13 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.67. TPG Specialty Lending Inc has a fifty-two week low of $17.48 and a fifty-two week high of $21.24. The stock has a market cap of $1.33 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 10.83 and a beta of 0.68.

TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). TPG Specialty Lending had a net margin of 48.29% and a return on equity of 13.05%. The business had revenue of $52.49 million for the quarter, compared to the consensus estimate of $56.40 million. During the same period in the prior year, the company earned $0.56 EPS. TPG Specialty Lending’s quarterly revenue was down 9.1% on a year-over-year basis. On average, equities analysts expect that TPG Specialty Lending Inc will post 1.86 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.01 per share. This represents a dividend yield of 7.74%. The ex-dividend date is Thursday, May 30th. TPG Specialty Lending’s dividend payout ratio is presently 69.33%.

In other TPG Specialty Lending news, Director Hurley Doddy acquired 2,100 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $19.80 per share, with a total value of $41,580.00. Following the transaction, the director now directly owns 3,900 shares in the company, valued at $77,220. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 4.40% of the stock is owned by corporate insiders.

TSLX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. National Securities restated a “buy” rating and issued a $23.00 target price on shares of TPG Specialty Lending in a research note on Monday, May 6th. Finally, Wells Fargo & Co lowered shares of TPG Specialty Lending from an “outperform” rating to a “market perform” rating and cut their target price for the company from $21.00 to $20.50 in a research note on Monday, May 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.57.

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TPG Specialty Lending Company Profile

TPG Specialty Lending, Inc is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.

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Institutional Ownership by Quarter for TPG Specialty Lending (NYSE:TSLX)

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