Ameriprise Financial Inc. Reduces Stake in TPG Specialty Lending Inc (TSLX)
Ameriprise Financial Inc. lessened its position in TPG Specialty Lending Inc (NYSE:TSLX) by 7.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,134 shares of the financial services provider’s stock after selling 4,000 shares during the period. Ameriprise Financial Inc. owned approximately 0.08% of TPG Specialty Lending worth $1,009,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of TSLX. Pinebridge Investments L.P. raised its stake in shares of TPG Specialty Lending by 1.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,102 shares of the financial services provider’s stock worth $104,000 after buying an additional 94 shares in the last quarter. Global X MANAGEMENT CO LLC raised its stake in shares of TPG Specialty Lending by 37.9% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,454 shares of the financial services provider’s stock worth $198,000 after buying an additional 2,600 shares in the last quarter. Nationwide Fund Advisors bought a new stake in shares of TPG Specialty Lending in the 3rd quarter worth $256,000. California Public Employees Retirement System bought a new stake in shares of TPG Specialty Lending in the 2nd quarter worth $491,000. Finally, CIBC World Markets Inc. raised its stake in shares of TPG Specialty Lending by 9.8% in the 2nd quarter. CIBC World Markets Inc. now owns 26,008 shares of the financial services provider’s stock worth $532,000 after buying an additional 2,327 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors.
TSLX has been the topic of a number of research reports. BidaskClub raised TPG Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Zacks Investment Research raised TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Thursday, October 5th. SunTrust Banks reissued a “buy” rating and issued a $22.00 price objective on shares of TPG Specialty Lending in a research note on Friday, November 10th. Finally, National Securities boosted their price objective on TPG Specialty Lending from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.75.
Shares of TPG Specialty Lending Inc (NYSE TSLX) opened at $20.01 on Friday. The stock has a market capitalization of $1,210.00, a price-to-earnings ratio of 10.21, a PEG ratio of 3.71 and a beta of 0.67. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. TPG Specialty Lending Inc has a 52-week low of $18.20 and a 52-week high of $21.74.
TPG Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The company had revenue of $48.86 million for the quarter, compared to analyst estimates of $48.58 million. TPG Specialty Lending had a return on equity of 12.63% and a net margin of 56.43%. During the same period in the previous year, the firm earned $0.51 earnings per share. research analysts anticipate that TPG Specialty Lending Inc will post 2.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Thursday, December 14th. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 79.59%.
TPG Specialty Lending Company Profile
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.
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