Caxton Associates LP boosted its position in TPG Specialty Lending, Inc. (NYSE:TSLX) by 9.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,091 shares of the financial services provider’s stock after buying an additional 2,922 shares during the period. Caxton Associates LP’s holdings in TPG Specialty Lending were worth $718,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TSLX. Strs Ohio increased its stake in TPG Specialty Lending by 2.2% in the second quarter. Strs Ohio now owns 4,551,809 shares of the financial services provider’s stock valued at $93,084,000 after purchasing an additional 96,815 shares in the last quarter. Muzinich & Co. Inc. increased its stake in TPG Specialty Lending by 0.7% in the second quarter. Muzinich & Co. Inc. now owns 2,131,705 shares of the financial services provider’s stock valued at $43,593,000 after purchasing an additional 15,806 shares in the last quarter. UBS Group AG increased its stake in TPG Specialty Lending by 17.6% in the first quarter. UBS Group AG now owns 1,410,676 shares of the financial services provider’s stock valued at $28,764,000 after purchasing an additional 211,139 shares in the last quarter. Clough Capital Partners L P increased its stake in TPG Specialty Lending by 173.8% in the first quarter. Clough Capital Partners L P now owns 483,863 shares of the financial services provider’s stock valued at $9,564,000 after purchasing an additional 307,163 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in TPG Specialty Lending by 4.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 347,827 shares of the financial services provider’s stock valued at $7,113,000 after purchasing an additional 14,728 shares in the last quarter. Institutional investors and hedge funds own 62.65% of the company’s stock.

TPG Specialty Lending, Inc. (NYSE:TSLX) traded down 0.05% during midday trading on Tuesday, reaching $20.91. 6,745 shares of the company’s stock traded hands. The company’s 50-day moving average price is $20.61 and its 200-day moving average price is $20.65. TPG Specialty Lending, Inc. has a 52-week low of $17.40 and a 52-week high of $21.74.

TPG Specialty Lending (NYSE:TSLX) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.11. TPG Specialty Lending had a net margin of 60.77% and a return on equity of 12.68%. The firm had revenue of $58.82 million during the quarter, compared to analysts’ expectations of $49.41 million. During the same period last year, the company posted $0.43 EPS. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, equities analysts expect that TPG Specialty Lending, Inc. will post $1.91 earnings per share for the current year.

The business also recently announced a special dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were given a $0.09 dividend. This represents a dividend yield of 7.38%. This is a boost from TPG Specialty Lending’s previous special dividend of $0.04. The ex-dividend date of this dividend was Tuesday, August 29th. TPG Specialty Lending’s dividend payout ratio (DPR) is currently 71.89%.

Several research firms have weighed in on TSLX. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $22.00 price target (up from $21.00) on shares of TPG Specialty Lending in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. JMP Securities lifted their price target on shares of TPG Specialty Lending from $21.50 to $22.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. National Securities reaffirmed a “neutral” rating and issued a $19.00 price target on shares of TPG Specialty Lending in a research note on Monday, August 7th. Finally, BidaskClub downgraded shares of TPG Specialty Lending from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $21.00.

TRADEMARK VIOLATION NOTICE: “TPG Specialty Lending, Inc. (TSLX) Position Boosted by Caxton Associates LP” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.watchlistnews.com/tpg-specialty-lending-inc-tslx-position-boosted-by-caxton-associates-lp/1621726.html.

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.

Want to see what other hedge funds are holding TSLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG Specialty Lending, Inc. (NYSE:TSLX).

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

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 Analyst Ratings Network's FREE daily email newsletter.