Flaharty Asset Management LLC bought a new stake in TPG Specialty Lending Inc (NYSE:TSLX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,889 shares of the financial services provider’s stock, valued at approximately $398,000.
A number of other hedge funds also recently modified their holdings of TSLX. California Public Employees Retirement System bought a new stake in shares of TPG Specialty Lending during the second quarter valued at approximately $491,000. Nationwide Fund Advisors bought a new stake in shares of TPG Specialty Lending during the third quarter valued at approximately $256,000. Global X MANAGEMENT CO LLC raised its holdings in shares of TPG Specialty Lending by 37.9% during the third quarter. Global X MANAGEMENT CO LLC now owns 9,454 shares of the financial services provider’s stock valued at $198,000 after buying an additional 2,600 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of TPG Specialty Lending during the third quarter valued at approximately $811,000. Finally, Legal & General Group Plc raised its holdings in shares of TPG Specialty Lending by 13.3% during the third quarter. Legal & General Group Plc now owns 173,080 shares of the financial services provider’s stock valued at $3,627,000 after buying an additional 20,355 shares during the last quarter. Institutional investors own 62.96% of the company’s stock.
TSLX has been the topic of a number of recent analyst reports. National Securities lifted their price target on TPG Specialty Lending from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, November 13th. Ladenburg Thalmann Financial Services raised TPG Specialty Lending from a “neutral” rating to a “buy” rating in a report on Thursday, February 22nd. JMP Securities cut their price target on TPG Specialty Lending from $22.00 to $21.50 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $21.00 price target on shares of TPG Specialty Lending in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $21.63.
Shares of TPG Specialty Lending Inc (NYSE:TSLX) opened at $18.50 on Tuesday. TPG Specialty Lending Inc has a twelve month low of $17.76 and a twelve month high of $21.74. The company has a market capitalization of $1,114.99, a P/E ratio of 9.23, a P/E/G ratio of 3.38 and a beta of 0.63. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73.
TPG Specialty Lending (NYSE:TSLX) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. TPG Specialty Lending had a return on equity of 12.45% and a net margin of 53.80%. The firm had revenue of $48.80 million for the quarter, compared to analysts’ expectations of $49.58 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. analysts expect that TPG Specialty Lending Inc will post 1.82 EPS for the current year.
The company also recently announced a special dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a yield of 8.52%. TPG Specialty Lending’s payout ratio is 84.32%.
ILLEGAL ACTIVITY NOTICE: This story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://sportsperspectives.com/2018/03/13/flaharty-asset-management-llc-buys-new-position-in-tpg-specialty-lending-inc-tslx.html.
About TPG Specialty Lending
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.
Want to see what other hedge funds are holding TSLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG Specialty Lending Inc (NYSE:TSLX).
Receive News & Ratings for TPG Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.