TPG Specialty Lending Inc (TSLX) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in shares of TPG Specialty Lending Inc (NYSE:TSLX) by 5.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 59,071 shares of the financial services provider’s stock after acquiring an additional 3,117 shares during the period. Janney Montgomery Scott LLC’s holdings in TPG Specialty Lending were worth $1,204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSLX. FMR LLC grew its holdings in TPG Specialty Lending by 513.5% during the 2nd quarter. FMR LLC now owns 2,341,317 shares of the financial services provider’s stock valued at $42,003,000 after buying an additional 1,959,686 shares in the last quarter. Acadian Asset Management LLC grew its holdings in TPG Specialty Lending by 3,751.3% during the 3rd quarter. Acadian Asset Management LLC now owns 259,614 shares of the financial services provider’s stock valued at $5,295,000 after buying an additional 252,873 shares in the last quarter. Advisors Capital Management LLC purchased a new stake in TPG Specialty Lending during the 3rd quarter valued at approximately $3,847,000. Strs Ohio grew its holdings in TPG Specialty Lending by 2.9% during the 2nd quarter. Strs Ohio now owns 5,006,805 shares of the financial services provider’s stock valued at $89,822,000 after buying an additional 139,070 shares in the last quarter. Finally, Progeny 3 Inc. grew its holdings in TPG Specialty Lending by 30.0% during the 2nd quarter. Progeny 3 Inc. now owns 520,020 shares of the financial services provider’s stock valued at $9,329,000 after buying an additional 119,993 shares in the last quarter. 62.07% of the stock is owned by institutional investors and hedge funds.

NYSE TSLX opened at $20.24 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.32 billion, a PE ratio of 10.12, a PEG ratio of 4.79 and a beta of 0.62. TPG Specialty Lending Inc has a one year low of $17.00 and a one year high of $21.24.

TPG Specialty Lending (NYSE:TSLX) last posted its earnings results on Tuesday, November 6th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 12.21% and a net margin of 55.73%. During the same period in the prior year, the company earned $0.41 EPS. On average, sell-side analysts expect that TPG Specialty Lending Inc will post 2.1 EPS for the current year.

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

A number of equities research analysts have issued reports on TSLX shares. National Securities reaffirmed a “buy” rating and set a $21.00 price objective on shares of TPG Specialty Lending in a report on Monday, August 6th. ValuEngine lowered shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Zacks Investment Research lowered shares of TPG Specialty Lending from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Bank of America increased their price objective on shares of TPG Specialty Lending from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, November 9th. Finally, TheStreet raised shares of TPG Specialty Lending from a “c+” rating to a “b” rating in a report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. The stock 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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