Greenwich Investment Management Inc. boosted its holdings in shares of TPG Specialty Lending Inc (NYSE:TSLX) by 9.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,308 shares of the financial services provider’s stock after buying an additional 20,107 shares during the quarter. TPG Specialty Lending makes up approximately 4.3% of Greenwich Investment Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Greenwich Investment Management Inc. owned about 0.34% of TPG Specialty Lending worth $4,436,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Monument Capital Management lifted its position in TPG Specialty Lending by 2.0% during the second quarter. Monument Capital Management now owns 64,243 shares of the financial services provider’s stock valued at $1,256,000 after purchasing an additional 1,261 shares during the period. Advisory Alpha LLC acquired a new position in shares of TPG Specialty Lending in the first quarter worth about $34,000. Bank of America Corp DE raised its position in shares of TPG Specialty Lending by 4.8% in the fourth quarter. Bank of America Corp DE now owns 340,027 shares of the financial services provider’s stock worth $6,151,000 after acquiring an additional 15,515 shares during the period. Kayne Anderson Capital Advisors LP raised its position in shares of TPG Specialty Lending by 12.1% in the second quarter. Kayne Anderson Capital Advisors LP now owns 46,422 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 5,000 shares during the period. Finally, Strs Ohio raised its position in shares of TPG Specialty Lending by 2.4% in the first quarter. Strs Ohio now owns 5,364,648 shares of the financial services provider’s stock worth $107,292,000 after acquiring an additional 125,983 shares during the period. 60.57% of the stock is currently owned by institutional investors.
TSLX opened at $20.38 on Wednesday. TPG Specialty Lending Inc has a twelve month low of $17.75 and a twelve month high of $21.24. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.69 and a current ratio of 0.69. The stock’s 50-day moving average is $19.75. The firm has a market cap of $1.35 billion, a P/E ratio of 9.06, a PEG ratio of 10.93 and a beta of 0.62.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.79%. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 69.33%.
A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. National Securities reiterated a “buy” rating and issued a $23.00 price objective on shares of TPG Specialty Lending in a research report on Monday, May 6th. Finally, Wells Fargo & Co upgraded shares of TPG Specialty Lending from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $20.50 to $21.00 in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.25.
About TPG Specialty Lending
TPG Specialty Lending, Inc is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.
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