Alliancebernstein L.P. cut its holdings in TPG Specialty Lending, Inc. (NYSE:TSLX) by 15.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 213,147 shares of the financial services provider’s stock after selling 38,202 shares during the period. Alliancebernstein L.P.’s holdings in TPG Specialty Lending were worth $4,359,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. CIBC World Markets Inc. raised its position in shares of TPG Specialty Lending by 9.8% during the 2nd quarter. CIBC World Markets Inc. now owns 26,008 shares of the financial services provider’s stock valued at $532,000 after buying an additional 2,327 shares in the last quarter. LSV Asset Management lifted its holdings in shares of TPG Specialty Lending by 198.8% in the 2nd quarter. LSV Asset Management now owns 124,600 shares of the financial services provider’s stock valued at $2,548,000 after acquiring an additional 82,900 shares during the last quarter. Whalerock Point Partners LLC bought a new position in shares of TPG Specialty Lending in the 2nd quarter valued at about $636,000. Allen Investment Management LLC lifted its holdings in shares of TPG Specialty Lending by 8.0% in the 2nd quarter. Allen Investment Management LLC now owns 52,814 shares of the financial services provider’s stock valued at $1,080,000 after acquiring an additional 3,890 shares during the last quarter. Finally, Geneva Advisors LLC lifted its holdings in shares of TPG Specialty Lending by 21.7% in the 2nd quarter. Geneva Advisors LLC now owns 88,779 shares of the financial services provider’s stock valued at $1,816,000 after acquiring an additional 15,803 shares during the last quarter. Hedge funds and other institutional investors own 62.65% of the company’s stock.

Shares of TPG Specialty Lending, Inc. (TSLX) opened at 20.99 on Wednesday. The stock has a 50 day moving average of $20.65 and a 200 day moving average of $20.63. 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 quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.11. The company had revenue of $58.82 million for the quarter, compared to analyst estimates of $49.41 million. TPG Specialty Lending had a return on equity of 12.68% and a net margin of 60.77%. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, equities analysts anticipate that TPG Specialty Lending, Inc. will post $1.91 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This is an increase from TPG Specialty Lending’s previous special dividend of $0.04. This represents a dividend yield of 7.38%. TPG Specialty Lending’s dividend payout ratio (DPR) is 71.89%.

TRADEMARK VIOLATION WARNING: This report was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/10/04/alliancebernstein-l-p-sells-38202-shares-of-tpg-specialty-lending-inc-tslx.html.

TSLX has been the topic of several analyst reports. Zacks Investment Research raised TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, July 5th. BidaskClub downgraded TPG Specialty Lending from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. JMP Securities raised their price objective on TPG Specialty Lending from $21.50 to $22.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. National Securities reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 7th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $22.00 target price (up previously from $21.00) on shares of TPG Specialty Lending in a report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.80.

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.

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

Receive News & Stock Ratings for TPG Specialty Lending Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG Specialty Lending Inc. and related stocks with our FREE daily email newsletter.