Quantamental Technologies LLC grew its holdings in shares of TPG Specialty Lending Inc (NYSE:TSLX) by 85.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,600 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the quarter. Quantamental Technologies LLC’s holdings in TPG Specialty Lending were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in TPG Specialty Lending by 1.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 60,908 shares of the financial services provider’s stock worth $1,218,000 after acquiring an additional 594 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its holdings in TPG Specialty Lending by 7.7% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 178,691 shares of the financial services provider’s stock worth $3,573,000 after acquiring an additional 12,779 shares during the period. Acadian Asset Management LLC raised its holdings in TPG Specialty Lending by 265.6% in 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. Synovus Financial Corp raised its holdings in TPG Specialty Lending by 27.0% in the 1st quarter. Synovus Financial Corp now owns 3,958 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 842 shares during the period. Finally, Allen Investment Management LLC raised its holdings in TPG Specialty Lending by 1.8% in the 1st quarter. Allen Investment Management LLC now owns 30,935 shares of the financial services provider’s stock worth $619,000 after acquiring an additional 550 shares during the period. Institutional investors and hedge funds own 59.41% of the company’s stock.
NYSE TSLX traded up $0.12 during midday trading on Friday, hitting $20.77. The company had a trading volume of 1,697 shares, compared to its average volume of 230,364. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 11.31 and a beta of 0.64. The firm has a fifty day simple moving average of $20.42 and a two-hundred day simple moving average of $20.04. TPG Specialty Lending Inc has a fifty-two week low of $17.75 and a fifty-two week high of $21.24.
TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $62.43 million for the quarter, compared to analyst estimates of $57.40 million. TPG Specialty Lending had a net margin of 54.68% and a return on equity of 12.45%. During the same period last year, the business posted $0.52 EPS. As a group, equities analysts predict that TPG Specialty Lending Inc will post 1.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 13th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 7.51%. This is a positive change from TPG Specialty Lending’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, September 12th. TPG Specialty Lending’s dividend payout ratio (DPR) is currently 69.33%.
TSLX has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Wells Fargo & Co upgraded shares of TPG Specialty Lending from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $20.50 to $21.00 in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. TPG Specialty Lending presently has a consensus rating of “Hold” and an average target price of $22.25.
In related news, Director Hurley Doddy purchased 2,500 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $20.25 per share, for a total transaction of $50,625.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.40% of the company’s stock.
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.
Read More: Management Fee
Want to see what other hedge funds are holding TSLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG Specialty Lending Inc (NYSE:TSLX).
Receive News & Ratings for TPG Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.