Janney Montgomery Scott LLC boosted its position in shares of TPG Specialty Lending Inc (NYSE:TSLX) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,826 shares of the financial services provider’s stock after buying an additional 2,304 shares during the period. Janney Montgomery Scott LLC’s holdings in TPG Specialty Lending were worth $1,346,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in TPG Specialty Lending during the first quarter worth approximately $775,000. Sigma Planning Corp bought a new stake in shares of TPG Specialty Lending during the first quarter valued at about $261,000. Strs Ohio raised its stake in shares of TPG Specialty Lending by 2.2% in the first quarter. Strs Ohio now owns 4,454,994 shares of the financial services provider’s stock valued at $90,837,000 after buying an additional 97,904 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of TPG Specialty Lending by 127.9% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 333,099 shares of the financial services provider’s stock valued at $6,791,000 after buying an additional 186,910 shares during the last quarter. Finally, Geneva Advisors LLC raised its stake in shares of TPG Specialty Lending by 27.0% in the first quarter. Geneva Advisors LLC now owns 72,976 shares of the financial services provider’s stock valued at $1,488,000 after buying an additional 15,512 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.
Shares of TPG Specialty Lending Inc (TSLX) opened at 21.26 on Friday. The firm’s 50-day moving average is $20.68 and its 200 day moving average is $20.23. TPG Specialty Lending Inc has a 12 month low of $17.00 and a 12 month high of $21.62.
TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.11. TPG Specialty Lending had a return on equity of 13.24% and a net margin of 54.11%. The business had revenue of $58.82 million during the quarter, compared to the consensus estimate of $49.41 million. During the same period in the prior year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, analysts expect that TPG Specialty Lending Inc will post $1.91 EPS for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a $0.09 dividend. This represents a yield of 7.38%. This is an increase from TPG Specialty Lending’s previous special dividend of $0.04. The ex-dividend date of this dividend is Tuesday, August 29th. TPG Specialty Lending’s dividend payout ratio is presently 71.89%.
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Several equities research analysts have issued reports on the stock. SunTrust Banks, Inc. reiterated a “buy” rating and set a $22.00 target price (up from $21.00) on shares of TPG Specialty Lending in a research report on Wednesday. JMP Securities lifted their target price on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the company an “outperform” rating in a research report on Monday. Zacks Investment Research lowered shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research report on Tuesday. National Securities reiterated a “neutral” rating and set a $19.00 target price on shares of TPG Specialty Lending in a research report on Monday. Finally, BidaskClub upgraded shares of TPG Specialty Lending from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $20.17.
TPG Specialty Lending Company Profile
TPG Specialty Lending, Inc 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. It seeks to generate current income primarily in the United States-domiciled middle-market companies through direct originations of senior secured loans and originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.
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