Tpg Specialty Lending, Inc. (TSLX): Richard A Higginbotham , director of Tpg Specialty Lending, Inc. purchased 10,000 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.19 per share for a total value of $161,891.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On Nov 20, 2015, Robert D Ollwerther (COO) purchased 1,500 shares at $17.50 per share price.On Nov 17, 2015, Steven Pluss (Vice President) purchased 11,500 shares at $17.48 per share price.
TPG Specialty Lending Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in TPG Specialty Lending Inc which led to swings in the share price. The shares opened for trading at $16.09 and hit $16.25 on the upside , eventually ending the session at $16.17, with a gain of 0.87% or 0.14 points. The heightened volatility saw the trading volume jump to 1,01,994 shares. The 52-week high of the share price is $18.36 and the company has a market cap of $961 M . The 52-week low of the share price is at $12.68.
Company has been under the radar of several Street Analysts.TPG Specialty Lending Inc is Initiated by Raymond James to Outperform. The Rating was issued on Mar 1, 2016.
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.