James Investment Research Inc. raised its holdings in TPG Specialty Lending Inc (NYSE:TSLX) by 104.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,290 shares of the financial services provider’s stock after buying an additional 14,990 shares during the period. James Investment Research Inc.’s holdings in TPG Specialty Lending were worth $574,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. FMR LLC increased its stake in TPG Specialty Lending by 39.0% during the 4th quarter. FMR LLC now owns 5,514,942 shares of the financial services provider’s stock worth $99,765,000 after acquiring an additional 1,546,070 shares during the period. Marshall Wace LLP increased its stake in TPG Specialty Lending by 21,253.6% during the 1st quarter. Marshall Wace LLP now owns 665,379 shares of the financial services provider’s stock worth $13,308,000 after acquiring an additional 662,263 shares during the period. Sound Income Strategies LLC increased its stake in TPG Specialty Lending by 33.4% during the 2nd quarter. Sound Income Strategies LLC now owns 1,087,558 shares of the financial services provider’s stock worth $21,316,000 after acquiring an additional 272,290 shares during the period. Acadian Asset Management LLC increased its stake in TPG Specialty Lending by 265.6% during the 1st quarter. Acadian Asset Management LLC now owns 189,205 shares of the financial services provider’s stock worth $3,784,000 after acquiring an additional 137,456 shares during the period. Finally, Strs Ohio increased its stake in TPG Specialty Lending by 2.4% during the 1st quarter. Strs Ohio now owns 5,364,648 shares of the financial services provider’s stock worth $107,292,000 after acquiring an additional 125,983 shares during the period. Hedge funds and other institutional investors own 60.57% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded TPG Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Wells Fargo & Co raised TPG Specialty Lending from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $20.50 to $21.00 in a report on Thursday, August 1st. Finally, National Securities reaffirmed a “buy” rating and set a $23.00 target price on shares of TPG Specialty Lending in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $22.25.
TPG Specialty Lending (NYSE:TSLX) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. TPG Specialty Lending had a net margin of 54.68% and a return on equity of 12.45%. The business had revenue of $62.43 million for the quarter, compared to analysts’ expectations of $57.40 million. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, equities analysts anticipate that TPG Specialty Lending Inc will post 1.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a $0.04 dividend. The ex-dividend date is Thursday, August 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.79%. TPG Specialty Lending’s payout ratio is currently 69.33%.
TPG Specialty Lending Company Profile
TPG Specialty Lending, Inc is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.
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