Fort Washington Investment Advisors Inc. OH acquired a new position in TPG Specialty Lending, Inc. (NYSE:TSLX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 48,661 shares of the financial services provider’s stock, valued at approximately $995,000.
A number of other institutional investors have also made changes to their positions in TSLX. Ameriprise Financial Inc. purchased a new stake in TPG Specialty Lending in the 1st quarter worth about $201,000. Dynamic Technology Lab Private Ltd purchased a new stake in TPG Specialty Lending in the 1st quarter worth about $233,000. Koshinski Asset Management Inc. lifted its stake in TPG Specialty Lending by 21.8% in the 2nd quarter. Koshinski Asset Management Inc. now owns 12,850 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 2,300 shares in the last quarter. M&T Bank Corp purchased a new stake in TPG Specialty Lending in the 1st quarter worth about $280,000. Finally, Eagle Global Advisors LLC purchased a new stake in TPG Specialty Lending in the 2nd quarter worth about $304,000. 62.65% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. SunTrust Banks, Inc. reissued a “buy” rating and issued a $22.00 price objective (up from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. JMP Securities raised their price target on TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Zacks Investment Research downgraded TPG Specialty Lending from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. National Securities reaffirmed a “neutral” rating and set a $19.00 price target on shares of TPG Specialty Lending in a research note on Monday, August 7th. Finally, BidaskClub downgraded TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 31st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $20.80.
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TPG Specialty Lending, Inc. (NYSE TSLX) opened at 20.12 on Friday. The company has a 50 day moving average price of $20.86 and a 200-day moving average price of $20.55. TPG Specialty Lending, Inc. has a 52 week low of $17.40 and a 52 week high of $21.74.
TPG Specialty Lending (NYSE:TSLX) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.11. TPG Specialty Lending had a return on equity of 12.68% and a net margin of 60.77%. The business had revenue of $58.82 million for the quarter, compared to analyst estimates of $49.41 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. TPG Specialty Lending’s revenue was up 27.8% on a year-over-year basis. Analysts anticipate that TPG Specialty Lending, Inc. will post $1.91 EPS for the current year.
The business also recently announced a special dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a dividend of $0.09 per share. This represents a yield of 7.38%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s dividend payout ratio is presently 71.89%.
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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