TPG Specialty Lending Inc (TSLX) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.42. The company posted revenue of $46.03 million in the period, compared to analysts expectations of $45.14 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
TPG Specialty Lending Inc (TSLX) witnessed a volatile trading activity on Tusday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $17.5 and reached the intraday high at $17.58. The bulls started the profit booking and pushed the shares to intraday low of $17.36. The trading session was marked by a volume range of 1,33,929 shares exchanging hands. The 52-week high of the shares is $18.13 and the 52-week low is $12.68. The market cap of the company stands at $1,039 M and there are 5,94,11,892 shares in public circulation.
In a different news, on May 12, 2016, Richard A Higginbotham (director) purchased 10,000 shares at $16.19 per share price. According to the SEC, on Mar 10, 2016, Ronald Tanemura (director) purchased 10,000 shares at $15.95 per share price. On Mar 7, 2016, Joshua Easterly (CEO) purchased 6,500 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.
TPG Specialty Lending Inc. (TSL) 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. The Company seeks to generate current income primarily in the United States domiciled middle-market companies through direct originations of senior secured loans and to a lesser extent originations of mezzanine loans and investments in corporate bonds and equity securities. The companies in which TSL invests use its capital to support organic growth acquisitions market or product expansion and recapitalizations. It invests in first-lien debt second-lien debt mezzanine debt and equity and other investments. As of December 31 2014 its portfolio was invested across 19 different industries including healthcare and pharmaceuticals business services and financial services. TSL is managed by TSL Advisers LLC (the Adviser). The Adviser is the Company’s external manager.