TPG Specialty Lending Inc (TSLX) Stake Increased by LGT Capital Partners LTD.

LGT Capital Partners LTD. grew its position in TPG Specialty Lending Inc (NYSE:TSLX) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 550,000 shares of the financial services provider’s stock after acquiring an additional 40,000 shares during the period. LGT Capital Partners LTD. owned about 0.84% of TPG Specialty Lending worth $11,000,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TSLX. Mirae Asset Global Investments Co. Ltd. grew its holdings in TPG Specialty Lending by 3.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,926 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 502 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of TPG Specialty Lending by 7.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,882 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in TPG Specialty Lending by 16.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,282 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 1,006 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in TPG Specialty Lending by 2.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 60,314 shares of the financial services provider’s stock worth $1,091,000 after acquiring an additional 1,243 shares in the last quarter. Finally, IFG Advisory LLC boosted its stake in TPG Specialty Lending by 10.6% during the fourth quarter. IFG Advisory LLC now owns 14,558 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 1,401 shares in the last quarter. 58.11% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE TSLX opened at $20.16 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. TPG Specialty Lending Inc has a 52 week low of $17.48 and a 52 week high of $21.24. The firm has a market capitalization of $1.30 billion, a P/E ratio of 8.96, a PEG ratio of 10.56 and a beta of 0.72.

TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.04). The company had revenue of $52.49 million during the quarter, compared to the consensus estimate of $56.40 million. TPG Specialty Lending had a net margin of 45.44% and a return on equity of 13.57%. The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. On average, analysts anticipate that TPG Specialty Lending Inc will post 1.92 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.01 per share. This represents a dividend yield of 7.74%. The ex-dividend date is Thursday, May 30th. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 69.33%.

Several analysts have recently commented on the stock. National Securities reiterated a “buy” rating and issued a $23.00 target price on shares of TPG Specialty Lending in a report on Monday, February 25th. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.75.

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TPG Specialty Lending Profile

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.

Further Reading: Convertible Shares

Institutional Ownership by Quarter for TPG Specialty Lending (NYSE:TSLX)

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