Kayne Anderson Capital Advisors LP Reduces Stock Position in TPG Specialty Lending Inc (NYSE:TSLX)

Kayne Anderson Capital Advisors LP lowered its position in shares of TPG Specialty Lending Inc (NYSE:TSLX) by 10.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,622 shares of the financial services provider’s stock after selling 4,800 shares during the period. Kayne Anderson Capital Advisors LP owned about 0.06% of TPG Specialty Lending worth $873,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TSLX. Lenox Wealth Advisors LLC purchased a new stake in TPG Specialty Lending during the 3rd quarter valued at $28,000. Rockefeller Capital Management L.P. boosted its position in TPG Specialty Lending by 403.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,685 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,350 shares during the period. NEXT Financial Group Inc purchased a new stake in TPG Specialty Lending during the 2nd quarter valued at $49,000. Quantamental Technologies LLC boosted its position in TPG Specialty Lending by 85.7% during the 2nd quarter. Quantamental Technologies LLC now owns 2,600 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,200 shares during the period. Finally, Arlington Partners LLC purchased a new stake in TPG Specialty Lending during the 2nd quarter valued at $55,000. 59.96% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TSLX traded up $0.34 on Friday, hitting $21.55. The company had a trading volume of 189,054 shares, compared to its average volume of 229,982. The firm’s 50-day simple moving average is $20.93 and its two-hundred day simple moving average is $20.28. TPG Specialty Lending Inc has a 1 year low of $17.75 and a 1 year high of $22.23. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 11.58 and a beta of 0.61.

TPG Specialty Lending (NYSE:TSLX) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. TPG Specialty Lending had a net margin of 50.49% and a return on equity of 12.84%. The firm had revenue of $70.05 million during the quarter, compared to analysts’ expectations of $64.45 million. During the same period last year, the company posted $0.50 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts anticipate that TPG Specialty Lending Inc will post 1.85 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.08 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.32 annualized dividend and a dividend yield of 1.48%. TPG Specialty Lending’s dividend payout ratio is 69.33%.

TSLX has been the subject of several research analyst reports. Wells Fargo & Co raised shares of TPG Specialty Lending from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $20.50 to $21.00 in a research report on Thursday, August 1st. LADENBURG THALM/SH SH cut shares of TPG Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, Zacks Investment Research cut shares of TPG Specialty Lending from a “hold” rating to a “sell” rating in a research report on Sunday, November 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. TPG Specialty Lending presently has a consensus rating of “Hold” and a consensus target price of $22.25.

In related news, Director Hurley Doddy bought 2,500 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of $20.25 per share, with a total value of $50,625.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.40% of the company’s stock.

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.

Further Reading: Hedge Funds – Risk or Reward?

Want to see what other hedge funds are holding TSLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TPG Specialty Lending Inc (NYSE:TSLX).

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

Receive News & Ratings for TPG Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TPG Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.