OxFORD Asset Management LLP lifted its stake in TPG Specialty Lending Inc (NYSE:TSLX) by 767.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,007 shares of the financial services provider’s stock after purchasing an additional 93,784 shares during the period. OxFORD Asset Management LLP owned about 0.18% of TPG Specialty Lending worth $2,203,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of TSLX. Hillsdale Investment Management Inc. bought a new position in TPG Specialty Lending during the 3rd quarter worth about $809,000. Mckinley Capital Management LLC Delaware grew its holdings in TPG Specialty Lending by 14.7% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 206,157 shares of the financial services provider’s stock worth $4,321,000 after acquiring an additional 26,386 shares in the last quarter. Citadel Advisors LLC bought a new position in TPG Specialty Lending during the 3rd quarter worth about $687,000. Legal & General Group Plc grew its holdings in TPG Specialty Lending by 13.3% during the 3rd quarter. Legal & General Group Plc now owns 173,080 shares of the financial services provider’s stock worth $3,627,000 after acquiring an additional 20,355 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in TPG Specialty Lending during the 3rd quarter worth about $811,000. Hedge funds and other institutional investors own 63.07% of the company’s stock.
TSLX has been the topic of several recent research reports. BidaskClub cut shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a report on Friday, September 8th. SunTrust Banks reiterated a “buy” rating and set a $22.00 target price on shares of TPG Specialty Lending in a report on Friday, November 10th. National Securities increased their target price on shares of TPG Specialty Lending from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, November 13th. Finally, Zacks Investment Research cut shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.75.
TPG Specialty Lending Inc (TSLX) remained flat at $$20.69 during trading hours on Thursday. 187,800 shares of the stock traded hands, compared to its average volume of 197,251. TPG Specialty Lending Inc has a 12-month low of $18.20 and a 12-month high of $21.74. The firm has a market capitalization of $1,246.05, a P/E ratio of 10.24, a PEG ratio of 3.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.76.
TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $48.86 million for the quarter, compared to analysts’ expectations of $48.58 million. During the same period last year, the business earned $0.51 EPS. sell-side analysts predict that TPG Specialty Lending Inc will post 2.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date is Thursday, December 14th. TPG Specialty Lending’s dividend payout ratio is currently 79.59%.
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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.
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