Texas Yale Capital Corp. decreased its holdings in TPG Specialty Lending Inc (NYSE:TSLX) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,968 shares of the financial services provider’s stock after selling 29,968 shares during the period. Texas Yale Capital Corp.’s holdings in TPG Specialty Lending were worth $587,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of TSLX. James Investment Research Inc. increased its stake in shares of TPG Specialty Lending by 104.8% in the second quarter. James Investment Research Inc. now owns 29,290 shares of the financial services provider’s stock worth $574,000 after buying an additional 14,990 shares during the period. Monument Capital Management increased its stake in shares of TPG Specialty Lending by 2.0% in the second quarter. Monument Capital Management now owns 64,243 shares of the financial services provider’s stock worth $1,256,000 after buying an additional 1,261 shares during the period. Jag Capital Management LLC purchased a new position in shares of TPG Specialty Lending in the second quarter worth $1,033,000. NEXT Financial Group Inc purchased a new position in shares of TPG Specialty Lending in the second quarter worth $49,000. Finally, Sound Income Strategies LLC increased its stake in shares of TPG Specialty Lending by 33.4% in the second quarter. Sound Income Strategies LLC now owns 1,087,558 shares of the financial services provider’s stock worth $21,316,000 after buying an additional 272,290 shares during the period. Hedge funds and other institutional investors own 61.30% of the company’s stock.
In other TPG Specialty Lending news, Director Hurley Doddy bought 2,100 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of $19.80 per share, for a total transaction of $41,580.00. Following the acquisition, the director now owns 3,900 shares in the company, valued at approximately $77,220. The purchase was disclosed in a filing with the SEC, which is available at this link. 4.40% of the stock is currently owned by insiders.
TPG Specialty Lending stock traded down $0.24 during mid-day trading on Wednesday, reaching $19.91. 29,170 shares of the company traded hands, compared to its average volume of 193,168. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.69 and a quick ratio of 0.69. The stock’s 50 day moving average price is $19.72. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 10.99 and a beta of 0.62. TPG Specialty Lending Inc has a 52-week low of $17.75 and a 52-week high of $21.24.
TPG Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. The business had revenue of $62.43 million for the quarter, compared to the consensus estimate of $57.40 million. TPG Specialty Lending had a net margin of 54.68% and a return on equity of 12.45%. During the same period in the previous year, the firm earned $0.52 EPS. As a group, analysts anticipate that TPG Specialty Lending Inc will post 1.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, August 29th. TPG Specialty Lending’s payout ratio is currently 69.33%.
TPG Specialty Lending Company 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.
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