LGT Capital Partners LTD. Raises Position in TPG Specialty Lending Inc (TSLX)

LGT Capital Partners LTD. increased its holdings in TPG Specialty Lending Inc (NYSE:TSLX) by 24.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 510,000 shares of the financial services provider’s stock after buying an additional 100,000 shares during the quarter. LGT Capital Partners LTD. owned about 0.78% of TPG Specialty Lending worth $9,226,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TSLX. Tower Research Capital LLC TRC boosted its position in TPG Specialty Lending by 310.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,481 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 5,660 shares in the last quarter. Natixis purchased a new stake in TPG Specialty Lending in the 2nd quarter worth approximately $208,000. Wakefield Asset Management LLLP purchased a new stake in TPG Specialty Lending in the 3rd quarter worth approximately $271,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in TPG Specialty Lending in the 3rd quarter worth approximately $274,000. Finally, BlackRock Inc. purchased a new stake in TPG Specialty Lending in the 2nd quarter worth approximately $412,000. Institutional investors own 60.02% of the company’s stock.

NYSE TSLX traded down $0.11 during mid-day trading on Monday, hitting $19.24. The stock had a trading volume of 34 shares, compared to its average volume of 272,150. TPG Specialty Lending Inc has a twelve month low of $17.00 and a twelve month high of $21.24. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $1.24 billion, a P/E ratio of 9.67, a P/E/G ratio of 4.69 and a beta of 0.69.



TPG Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. TPG Specialty Lending had a return on equity of 12.21% and a net margin of 55.73%. The firm had revenue of $63.00 million during the quarter, compared to the consensus estimate of $58.77 million. During the same period in the prior year, the company earned $0.41 EPS. As a group, sell-side analysts predict that TPG Specialty Lending Inc will post 2.1 EPS 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 paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 8.11%. The ex-dividend date is Thursday, December 13th. TPG Specialty Lending’s dividend payout ratio is currently 78.00%.

Several equities research analysts have commented on the company. National Securities upped their price objective on TPG Specialty Lending from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 12th. Zacks Investment Research upgraded TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Friday, November 9th. Bank of America increased their target price on 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 lowered TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $21.71.

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TPG Specialty Lending Company 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.

See Also: Bull Market

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

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