Capital Fund Management S.A. Invests $1.04 Million in TPG Specialty Lending, Inc. (TSLX)
Capital Fund Management S.A. bought a new position in TPG Specialty Lending, Inc. (NYSE:TSLX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,680 shares of the financial services provider’s stock, valued at approximately $1,036,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. purchased a new position in shares of TPG Specialty Lending during the first quarter valued at approximately $201,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of TPG Specialty Lending during the first quarter valued at approximately $233,000. Koshinski Asset Management Inc. raised its holdings in shares of TPG Specialty Lending by 21.8% during the second quarter. Koshinski Asset Management Inc. now owns 12,850 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 2,300 shares during the last quarter. M&T Bank Corp purchased a new position in shares of TPG Specialty Lending during the first quarter valued at approximately $280,000. Finally, Eagle Global Advisors LLC purchased a new position in shares of TPG Specialty Lending during the second quarter valued at approximately $304,000. Hedge funds and other institutional investors own 62.65% of the company’s stock.
Several research firms have recently weighed in on TSLX. SunTrust Banks, Inc. reissued a “buy” rating and set a $22.00 price objective (up from $21.00) on shares of TPG Specialty Lending in a report on Wednesday, August 9th. JMP Securities boosted their price objective on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Zacks Investment Research cut shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. National Securities reissued a “neutral” rating and set a $19.00 price objective on shares of TPG Specialty Lending in a report on Monday, August 7th. Finally, BidaskClub cut shares of TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 31st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. TPG Specialty Lending currently has an average rating of “Hold” and a consensus price target of $20.80.
TPG Specialty Lending, Inc. (NYSE TSLX) opened at 20.12 on Friday. The stock’s 50 day moving average is $20.86 and its 200 day moving average is $20.55. TPG Specialty Lending, Inc. has a 12-month low of $17.40 and a 12-month 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 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.11. The company had revenue of $58.82 million during the quarter, compared to analysts’ expectations of $49.41 million. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. TPG Specialty Lending’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. Equities analysts anticipate that TPG Specialty Lending, Inc. will post $1.91 EPS for the current fiscal 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 paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This is a boost from TPG Specialty Lending’s previous special dividend of $0.04. This represents a yield of 7.38%. TPG Specialty Lending’s dividend payout ratio (DPR) is 71.89%.
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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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