LGT Capital Partners LTD. increased its holdings in shares of TPG Specialty Lending Inc (NYSE:TSLX) by 24.4% in the fourth quarter, Holdings Channel reports. The firm owned 510,000 shares of the financial services provider’s stock after buying an additional 100,000 shares during the period. LGT Capital Partners LTD.’s holdings in TPG Specialty Lending were worth $9,226,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of TPG Specialty Lending by 310.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,481 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 5,660 shares during the last quarter. Natixis acquired a new stake in shares of TPG Specialty Lending during the 2nd quarter worth about $208,000. Wakefield Asset Management LLLP acquired a new stake in shares of TPG Specialty Lending during the 3rd quarter worth about $271,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of TPG Specialty Lending during the 3rd quarter worth about $274,000. Finally, BlackRock Inc. acquired a new stake in shares of TPG Specialty Lending during the 2nd quarter worth about $412,000. 60.02% of the stock is owned by hedge funds and other institutional investors.
TPG Specialty Lending stock traded down $0.11 during midday trading on Monday, reaching $19.24. 34 shares of the stock traded hands, compared to its average volume of 272,150. TPG Specialty Lending Inc has a 12-month low of $17.00 and a 12-month high of $21.24. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.60 and a quick ratio of 0.60.
TPG Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, November 6th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. TPG Specialty Lending had a return on equity of 12.21% and a net margin of 55.73%. The company had revenue of $63.00 million during the quarter, compared to analysts’ expectations of $58.77 million. During the same period last year, the business posted $0.41 EPS. Equities research analysts anticipate that TPG Specialty Lending Inc will post 2.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 8.11%. The ex-dividend date of this dividend is Thursday, December 13th. TPG Specialty Lending’s payout ratio is presently 78.00%.
TSLX has been the subject of a number of research analyst reports. Bank of America raised their target price on TPG Specialty Lending from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, November 9th. Zacks Investment Research cut TPG Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine cut TPG Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, National Securities raised their target price on TPG Specialty Lending from $21.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. TPG Specialty Lending presently has a consensus rating of “Buy” and a consensus target price of $21.71.
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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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