Magnetar Financial LLC trimmed its holdings in shares of TPG Specialty Lending Inc (NYSE:TSLX) by 19.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,762 shares of the financial services provider’s stock after selling 10,225 shares during the period. Magnetar Financial LLC owned about 0.07% of TPG Specialty Lending worth $875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TSLX. Goldman Sachs Group Inc. boosted its position in TPG Specialty Lending by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 41,617 shares of the financial services provider’s stock worth $849,000 after acquiring an additional 2,396 shares during the last quarter. Advisors Asset Management Inc. boosted its position in TPG Specialty Lending by 27.6% during the second quarter. Advisors Asset Management Inc. now owns 305,545 shares of the financial services provider’s stock worth $6,248,000 after acquiring an additional 65,998 shares during the last quarter. Alps Advisors Inc. boosted its position in TPG Specialty Lending by 0.3% during the second quarter. Alps Advisors Inc. now owns 24,051 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 62 shares during the last quarter. Legal & General Group Plc boosted its position in TPG Specialty Lending by 7.9% during the second quarter. Legal & General Group Plc now owns 152,725 shares of the financial services provider’s stock worth $3,127,000 after acquiring an additional 11,237 shares during the last quarter. Finally, Geneva Advisors LLC boosted its position in TPG Specialty Lending by 21.7% during the second quarter. Geneva Advisors LLC now owns 88,779 shares of the financial services provider’s stock worth $1,816,000 after acquiring an additional 15,803 shares during the last quarter. 63.07% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on TSLX shares. BidaskClub lowered shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. SunTrust Banks restated a “buy” rating and set a $22.00 target price on shares of TPG Specialty Lending in a research report on Friday, November 10th. National Securities raised their target price on shares of TPG Specialty Lending from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, November 13th. Finally, Zacks Investment Research lowered shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $21.75.

Shares of TPG Specialty Lending Inc (NYSE TSLX) traded down $0.07 on Monday, hitting $20.54. 80,400 shares of the company’s stock were exchanged, compared to its average volume of 197,487. The firm has a market cap of $1,237.02, a price-to-earnings ratio of 10.17, a PEG ratio of 3.41 and a beta of 0.67. TPG Specialty Lending Inc has a 52 week low of $18.20 and a 52 week high of $21.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.76.

TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 net margin of 56.43% and a return on equity of 12.63%. During the same quarter last year, the business earned $0.51 EPS. equities research analysts anticipate that TPG Specialty Lending Inc will post 2.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.59%. TPG Specialty Lending’s dividend payout ratio (DPR) is presently 79.59%.

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

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