Progeny 3 buys $64,224,794 stake in TPG Specialty Lending Inc (TSLX)

TPG Specialty Lending Inc (TSLX) : Progeny 3 scooped up 2,480,986 additional shares in TPG Specialty Lending Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,572,013 shares of TPG Specialty Lending Inc which is valued at $64,224,794.TPG Specialty Lending Inc makes up approximately 44.20% of Progeny 3’s portfolio.

Other Hedge Funds, Including , Global X Management Co boosted its stake in TSLX in the latest quarter, The investment management firm added 7,862 additional shares and now holds a total of 459,640 shares of TPG Specialty Lending Inc which is valued at $8,016,122. TPG Specialty Lending Inc makes up approx 0.38% of Global X Management Co’s portfolio. First Trust Advisors Lp sold out all of its stake in TSLX during the most recent quarter. The investment firm sold 20,627 shares of TSLX which is valued $361,385. Trust Co added TSLX to its portfolio by purchasing 169 company shares during the most recent quarter which is valued at $2,969.

TPG Specialty Lending Inc closed down -0.04 points or -0.22% at $18.39 with 2,01,795 shares getting traded on Monday. Post opening the session at $18.5, the shares hit an intraday low of $18.15 and an intraday high of $18.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, TPG Specialty Lending Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $0.43. The company had revenue of $53.92 million for the quarter, compared to analysts expectations of $46.71 million. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Investors should note that on Nov 7, 2016, TPG Specialty Lending Inc announced a cash dividend of $0.3900. The company’s management has announced Dec 29, 2016 as the ex-dividend date and fixed the record date on Dec 31, 2016. The payable date has been fixed on Jan 31, 2017.

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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