Artemis Investment Management LLP Acquires Shares of 263,000 TPG Specialty Lending Inc (TSLX)

Artemis Investment Management LLP acquired a new position in shares of TPG Specialty Lending Inc (NYSE:TSLX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 263,000 shares of the financial services provider’s stock, valued at approximately $5,364,000. Artemis Investment Management LLP owned about 0.40% of TPG Specialty Lending as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TSLX. Acadian Asset Management LLC acquired a new stake in shares of TPG Specialty Lending during the second quarter worth about $121,000. Tower Research Capital LLC TRC boosted its stake in shares of TPG Specialty Lending by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 7,481 shares of the financial services provider’s stock worth $134,000 after buying an additional 5,660 shares during the period. Natixis acquired a new stake in shares of TPG Specialty Lending during the second quarter worth about $208,000. BlackRock Inc. acquired a new stake in shares of TPG Specialty Lending during the second quarter worth about $412,000. Finally, California Public Employees Retirement System boosted its stake in shares of TPG Specialty Lending by 53.0% during the second quarter. California Public Employees Retirement System now owns 25,400 shares of the financial services provider’s stock worth $456,000 after buying an additional 8,800 shares during the period. 62.07% of the stock is currently owned by institutional investors.

Shares of NYSE:TSLX opened at $20.24 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $1.32 billion, a P/E ratio of 10.12, a PEG ratio of 4.79 and a beta of 0.62. TPG Specialty Lending Inc has a 52 week low of $17.00 and a 52 week high of $21.24.

TPG Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $63.00 million during the quarter, compared to the consensus estimate of $58.77 million. TPG Specialty Lending had a net margin of 55.73% and a return on equity of 12.21%. During the same quarter last year, the firm earned $0.41 earnings per share. On average, sell-side analysts anticipate that TPG Specialty Lending Inc will post 2.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be given a $0.39 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.56 dividend on an annualized basis and a yield of 7.71%. TPG Specialty Lending’s payout ratio is currently 78.00%.

A number of equities research analysts recently commented on TSLX shares. National Securities raised their price objective on shares of TPG Specialty Lending from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, November 12th. Zacks Investment Research upgraded shares of TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Friday, November 9th. Bank of America raised their price objective on shares of TPG Specialty Lending from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, November 9th. Finally, ValuEngine downgraded shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. TPG Specialty Lending currently has an average rating of “Buy” and a consensus price target of $21.71.

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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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