Allen Investment Management Lowers stake in TPG Specialty Lending Inc (TSLX)

TPG Specialty Lending Inc (TSLX) : Allen Investment Management reduced its stake in TPG Specialty Lending Inc by 4.6% during the most recent quarter end. The investment management company now holds a total of 62,688 shares of TPG Specialty Lending Inc which is valued at $1,130,892 after selling 3,022 shares in TPG Specialty Lending Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.TPG Specialty Lending Inc makes up approximately 0.08% of Allen Investment Management’s portfolio.

Other Hedge Funds, Including , Lpl Financial sold out all of its stake in TSLX during the most recent quarter. The investment firm sold 12,528 shares of TSLX which is valued $226,005.Citadel Advisors reduced its stake in TSLX by selling 12,937 shares or 51.7% in the most recent quarter. The Hedge Fund company now holds 12,087 shares of TSLX which is valued at $218,049. 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.Geneva Advisors boosted its stake in TSLX in the latest quarter, The investment management firm added 7,529 additional shares and now holds a total of 42,036 shares of TPG Specialty Lending Inc which is valued at $758,750. TPG Specialty Lending Inc makes up approx 0.01% of Geneva Advisors’s portfolio.Kayne Anderson Capital Advisors Lp reduced its stake in TSLX by selling 5,106 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 112,894 shares of TSLX which is valued at $2,028,705. TPG Specialty Lending Inc makes up approx 0.02% of Kayne Anderson Capital Advisors Lp’s portfolio.

TPG Specialty Lending Inc closed down -0.13 points or -0.70% at $18.53 with 72,514 shares getting traded on Thursday. Post opening the session at $18.57, the shares hit an intraday low of $18.5 and an intraday high of $18.6 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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