Pinebridge Investments L.P. grew its holdings in TPG Specialty Lending, Inc. (NYSE:TSLX) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,102 shares of the financial services provider’s stock after purchasing an additional 94 shares during the quarter. Pinebridge Investments L.P.’s holdings in TPG Specialty Lending were worth $104,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. acquired a new stake in shares of TPG Specialty Lending in the first quarter valued at approximately $201,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of TPG Specialty Lending in the first quarter valued at approximately $233,000. Koshinski Asset Management Inc. grew its position in shares of TPG Specialty Lending by 21.8% in 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 acquired a new stake in shares of TPG Specialty Lending in the first quarter valued at approximately $280,000. Finally, Eagle Global Advisors LLC acquired a new stake in shares of TPG Specialty Lending in the second quarter valued at approximately $304,000. Institutional investors and hedge funds own 62.65% of the company’s stock.

TSLX has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, July 5th. BidaskClub lowered shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. JMP Securities raised their target price on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. National Securities restated a “neutral” rating and set a $19.00 target price on shares of TPG Specialty Lending in a research report on Monday, August 7th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of TPG Specialty Lending in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. TPG Specialty Lending presently has an average rating of “Buy” and an average target price of $21.00.

Shares of TPG Specialty Lending, Inc. (NYSE:TSLX) opened at 20.82 on Monday. The company’s 50-day moving average is $20.61 and its 200-day moving average is $20.64. 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 quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.11. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. 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 previous year, the business earned $0.43 earnings per share. The firm’s revenue was up 27.8% compared to the same quarter last year. Equities research analysts forecast that TPG Specialty Lending, Inc. will post $1.91 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a dividend yield of 7.38%. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.04. TPG Specialty Lending’s payout ratio is currently 71.89%.

COPYRIGHT VIOLATION NOTICE: “Pinebridge Investments L.P. Grows Stake in TPG Specialty Lending, Inc. (TSLX)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/09/pinebridge-investments-l-p-grows-stake-in-tpg-specialty-lending-inc-tslx.html.

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.

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.