Whalerock Point Partners LLC purchased a new position in shares of TPG Specialty Lending, Inc. (NYSE:TSLX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,070 shares of the financial services provider’s stock, valued at approximately $636,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strs Ohio boosted 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 worth $93,084,000 after buying an additional 96,815 shares in the last quarter. Muzinich & Co. Inc. boosted its stake in TPG Specialty Lending by 87.4% in the first quarter. Muzinich & Co. Inc. now owns 2,115,899 shares of the financial services provider’s stock worth $43,143,000 after buying an additional 986,689 shares in the last quarter. UBS Group AG boosted 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 worth $28,764,000 after buying an additional 211,139 shares in the last quarter. Clough Capital Partners L P boosted 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 worth $9,564,000 after buying an additional 307,163 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted 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 worth $7,113,000 after buying an additional 14,728 shares in the last quarter. Institutional investors and hedge funds own 62.65% of the company’s stock.

Shares of TPG Specialty Lending, Inc. (NYSE:TSLX) traded down 0.05% during mid-day trading on Wednesday, reaching $20.89. The company’s stock had a trading volume of 11,358 shares. The firm’s 50 day moving average is $20.89 and its 200-day moving average is $20.43. TPG Specialty Lending, Inc. has a 52-week low of $17.00 and a 52-week high of $21.74.

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

The company also recently declared a special dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a $0.09 dividend. This is an increase from TPG Specialty Lending’s previous special dividend of $0.04. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a dividend yield of 7.38%. TPG Specialty Lending’s dividend payout ratio (DPR) is currently 71.89%.

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TSLX has been the topic of a number of research analyst reports. National Securities reissued a “neutral” rating and issued a $19.00 price target on shares of TPG Specialty Lending in a research note on Monday, May 8th. BidaskClub raised TPG Specialty Lending from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered TPG Specialty Lending from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. SunTrust Banks, Inc. reissued 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. Finally, JMP Securities raised their price target on TPG Specialty Lending from $21.50 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $20.80.

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.

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

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