Hillsdale Investment Management Inc. purchased a new position in shares of TPG Specialty Lending Inc (NYSE:TSLX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,600 shares of the financial services provider’s stock, valued at approximately $809,000. Hillsdale Investment Management Inc. owned approximately 0.06% of TPG Specialty Lending as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TSLX. Bank of America Corp DE raised its stake in shares of TPG Specialty Lending by 4.5% during the first quarter. Bank of America Corp DE now owns 218,199 shares of the financial services provider’s stock worth $4,449,000 after acquiring an additional 9,369 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of TPG Specialty Lending by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 41,617 shares of the financial services provider’s stock worth $849,000 after purchasing an additional 2,396 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of TPG Specialty Lending by 3.6% in the second quarter. Janney Montgomery Scott LLC now owns 65,826 shares of the financial services provider’s stock worth $1,346,000 after purchasing an additional 2,304 shares during the last quarter. Eagle Global Advisors LLC bought a new position in shares of TPG Specialty Lending in the second quarter worth approximately $304,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of TPG Specialty Lending by 27.6% in the second quarter. Advisors Asset Management Inc. now owns 305,545 shares of the financial services provider’s stock worth $6,248,000 after purchasing an additional 65,998 shares during the last quarter. 63.07% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on TSLX. BidaskClub upgraded shares of TPG Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. National Securities restated a “neutral” rating and issued a $19.00 target price on shares of TPG Specialty Lending in a report on Monday, August 7th. SunTrust Banks restated 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. Zacks Investment Research cut shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, 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 report on Monday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $21.75.

Shares of TPG Specialty Lending Inc (TSLX) traded down $0.16 during trading on Friday, hitting $20.31. 103,085 shares of the stock traded hands, compared to its average volume of 199,317. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.76 and a quick ratio of 0.76. TPG Specialty Lending Inc has a 1 year low of $18.13 and a 1 year high of $21.74. The company has a market capitalization of $1,220.00, a PE ratio of 10.20, a price-to-earnings-growth ratio of 3.42 and a beta of 0.69.

TPG Specialty Lending (NYSE:TSLX) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.08. TPG Specialty Lending had a net margin of 56.43% and a return on equity of 12.63%. The firm had revenue of $48.86 million for the quarter, compared to analysts’ expectations of $48.58 million. During the same quarter last year, the business earned $0.51 earnings per share. analysts forecast that TPG Specialty Lending Inc will post 2.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 7.68%. The ex-dividend date of this dividend is Thursday, December 14th. TPG Specialty Lending’s dividend payout ratio (DPR) is currently 79.59%.

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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.

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

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