TPG Specialty Lending Inc (TSLX) Position Raised by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC increased its holdings in TPG Specialty Lending Inc (NYSE:TSLX) by 7.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,494 shares of the financial services provider’s stock after buying an additional 5,074 shares during the period. CIBC Private Wealth Group LLC’s holdings in TPG Specialty Lending were worth $1,390,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TSLX. Allen Investment Management LLC raised its position in TPG Specialty Lending by 104.4% during the second quarter. Allen Investment Management LLC now owns 46,502 shares of the financial services provider’s stock valued at $834,000 after purchasing an additional 23,748 shares in the last quarter. Whittier Trust Co. purchased a new stake in TPG Specialty Lending during the first quarter valued at about $129,000. CNO Financial Group Inc. raised its position in TPG Specialty Lending by 167.9% during the first quarter. CNO Financial Group Inc. now owns 589,305 shares of the financial services provider’s stock valued at $10,525,000 after purchasing an additional 369,305 shares in the last quarter. Koch Industries Inc. purchased a new stake in TPG Specialty Lending during the first quarter valued at about $338,000. Finally, The Manufacturers Life Insurance Company raised its position in TPG Specialty Lending by 13,938.6% during the first quarter. The Manufacturers Life Insurance Company now owns 263,925 shares of the financial services provider’s stock valued at $4,714,000 after purchasing an additional 262,045 shares in the last quarter. Institutional investors own 61.64% of the company’s stock.

TSLX has been the topic of a number of research reports. TheStreet upgraded TPG Specialty Lending from a “c+” rating to a “b” rating in a research report on Tuesday, July 31st. National Securities reiterated a “buy” rating and issued a $21.00 price objective on shares of TPG Specialty Lending in a report on Monday, August 6th. SunTrust Banks reiterated a “buy” rating and issued a $22.00 price objective on shares of TPG Specialty Lending in a report on Friday, August 3rd. Keefe, Bruyette & Woods set a $22.00 price objective on TPG Specialty Lending and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research upgraded TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.00.

TSLX opened at $19.71 on Friday. The stock has a market capitalization of $1.29 billion, a PE ratio of 9.86, a P/E/G ratio of 4.99 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.81. TPG Specialty Lending Inc has a 12 month low of $17.00 and a 12 month high of $21.63.

TPG Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The firm had revenue of $66.40 million for the quarter, compared to the consensus estimate of $58.63 million. TPG Specialty Lending had a return on equity of 12.40% and a net margin of 53.60%. During the same quarter in the previous year, the business earned $0.57 earnings per share. analysts predict that TPG Specialty Lending Inc will post 1.99 earnings per share for the current year.

The business also recently disclosed a special dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 31st will be issued a $0.08 dividend. The ex-dividend date is Thursday, August 30th. This represents a dividend yield of 7.9%. This is an increase from TPG Specialty Lending’s previous special dividend of $0.06. TPG Specialty Lending’s payout ratio is currently 78.00%.

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

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