TPG Specialty Lending Inc (TSLX) : Yorktown Management Research Co Inc reduced its stake in TPG Specialty Lending Inc by 4.08% during the most recent quarter end. The investment management company now holds a total of 470,000 shares of TPG Specialty Lending Inc which is valued at $8,478,800 after selling 20,000 shares in TPG Specialty Lending Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.TPG Specialty Lending Inc makes up approximately 1.86% of Yorktown Management Research Co Inc’s portfolio.
Other Hedge Funds, Including , Pvg Asset Management reduced its stake in TSLX by selling 2,008 shares or 2.84% in the most recent quarter. The Hedge Fund company now holds 68,712 shares of TSLX which is valued at $1,239,564. TPG Specialty Lending Inc makes up approx 0.49% of Pvg Asset Management’s portfolio. Tower Research Capital (trc) added TSLX to its portfolio by purchasing 900 company shares during the most recent quarter which is valued at $16,236.Pinebridge Investments boosted its stake in TSLX in the latest quarter, The investment management firm added 10,169 additional shares and now holds a total of 15,558 shares of TPG Specialty Lending Inc which is valued at $280,666. TPG Specialty Lending Inc makes up approx 0.01% of Pinebridge Investments’s portfolio. Dynamic Technology Lab Private Ltd added TSLX to its portfolio by purchasing 20,685 company shares during the most recent quarter which is valued at $373,157. TPG Specialty Lending Inc makes up approx 0.09% of Dynamic Technology Lab Private Ltd’s portfolio.Commonwealth Equity Services Inc boosted its stake in TSLX in the latest quarter, The investment management firm added 16,551 additional shares and now holds a total of 115,968 shares of TPG Specialty Lending Inc which is valued at $2,083,945. TPG Specialty Lending Inc makes up approx 0.02% of Commonwealth Equity Services Inc’s portfolio.
TPG Specialty Lending Inc opened for trading at $18.35 and hit $18.52 on the upside on Monday, eventually ending the session at $18.5, with a gain of 0.98% or 0.18 points. The heightened volatility saw the trading volume jump to 1,10,401 shares. Company has a market cap of $1,102 M.
On the company’s financial health, TPG Specialty Lending Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.42. The company had revenue of $46.03 million for the quarter, 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.
Investors should note that on Aug 3, 2016, TPG Specialty Lending Inc announced a cash dividend of $0.3900. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 31, 2016.
Many Wall Street Analysts have commented on TPG Specialty Lending Inc. TPG Specialty Lending Inc was Upgraded by JMP Securities to ” Mkt Outperform” on Aug 5, 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.