TPG Specialty Lending Inc (TSLX) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.42 EPS for the quarter. Analysts had a consensus estimate of $0.42. Analysts expectations of $43.72 million. During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on TPG Specialty Lending Inc. TPG Specialty Lending Inc was Initiated by Raymond James to “Outperform” on Mar 1, 2016.
TPG Specialty Lending Inc opened for trading at $16.54 and hit $16.55 on the upside on Monday, eventually ending the session at $16.49, with a gain of 0.37% or 0.06 points. The heightened volatility saw the trading volume jump to 1,10,781 shares. Company has a market cap of $894 M.
In a different news, on Mar 10, 2016, Ronald Tanemura (director) purchased 10,000 shares at $15.95 per share price. According to the SEC, on Mar 7, 2016, Joshua Easterly (CEO) purchased 6,500 shares at $16.00 per share price. On Nov 20, 2015, Robert D Ollwerther (COO) purchased 1,500 shares at $17.50 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.