Eagle Global Advisors LLC bought a new stake in shares of TPG Specialty Lending, Inc. (NYSE:TSLX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,844 shares of the financial services provider’s stock, valued at approximately $304,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. bought a new stake in shares of TPG Specialty Lending during the first quarter worth about $201,000. Koshinski Asset Management Inc. bought a new stake in shares of TPG Specialty Lending during the first quarter worth about $215,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of TPG Specialty Lending during the first quarter worth about $233,000. Sigma Planning Corp bought a new stake in shares of TPG Specialty Lending during the first quarter worth about $261,000. Finally, M&T Bank Corp bought a new stake in shares of TPG Specialty Lending during the first quarter worth about $280,000. Hedge funds and other institutional investors own 64.35% of the company’s stock.
Shares of TPG Specialty Lending, Inc. (NYSE:TSLX) opened at 21.59 on Thursday. TPG Specialty Lending, Inc. has a 1-year low of $17.00 and a 1-year high of $21.74. The company has a 50-day moving average price of $20.79 and a 200-day moving average price of $20.32.
TPG Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.11. The business had revenue of $58.82 million for the quarter, compared to analyst estimates of $49.41 million. TPG Specialty Lending had a return on equity of 12.68% and a net margin of 60.77%. TPG Specialty Lending’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. Analysts forecast that TPG Specialty Lending, Inc. will post $1.91 earnings per share for the current year.
The company also recently announced 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. The ex-dividend date is Tuesday, August 29th. This is a positive change from TPG Specialty Lending’s previous special dividend of $0.04. This represents a dividend yield of 7.38%. TPG Specialty Lending’s payout ratio is presently 71.89%.
TRADEMARK VIOLATION WARNING: “Eagle Global Advisors LLC Invests $304,000 in TPG Specialty Lending, Inc. (NYSE:TSLX)” was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://stocknewstimes.com/2017/08/17/eagle-global-advisors-llc-acquires-new-position-in-tpg-specialty-lending-inc-nysetslx-updated.html.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut TPG Specialty Lending from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $22.00 price objective (up previously from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. JMP Securities upped their price objective on TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. BidaskClub cut TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 20th. Finally, National Securities reiterated a “neutral” rating and set a $19.00 price objective on shares of TPG Specialty Lending in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. TPG Specialty Lending presently has an average rating of “Buy” and a consensus target price of $20.80.
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.
Receive News & Ratings for TPG Specialty Lending Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG Specialty Lending Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
