BlackRock Inc. bought a new stake in TPG Specialty Lending Inc (NYSE:TSLX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,991 shares of the financial services provider’s stock, valued at approximately $412,000.

Other institutional investors have also recently bought and sold shares of the company. Strs Ohio raised its stake 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 acquiring an additional 139,070 shares during the last quarter. Delphi Financial Group Inc. raised its stake in TPG Specialty Lending by 4.8% during the 2nd quarter. Delphi Financial Group Inc. now owns 1,482,024 shares of the financial services provider’s stock valued at $26,602,000 after acquiring an additional 68,267 shares during the last quarter. Cliffwater LLC raised its stake in TPG Specialty Lending by 2.9% during the 2nd quarter. Cliffwater LLC now owns 229,730 shares of the financial services provider’s stock valued at $4,121,000 after acquiring an additional 6,574 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in TPG Specialty Lending by 49.3% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 170,511 shares of the financial services provider’s stock valued at $3,059,000 after acquiring an additional 56,300 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in TPG Specialty Lending by 17.3% during the 2nd quarter. First Trust Advisors LP now owns 137,697 shares of the financial services provider’s stock valued at $2,470,000 after acquiring an additional 20,358 shares during the last quarter. 59.99% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on TSLX. Zacks Investment Research raised TPG Specialty Lending from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, August 22nd. JPMorgan Chase & Co. raised TPG Specialty Lending from a “neutral” rating to an “overweight” rating and set a $18.50 target price for the company in a research note on Monday, July 23rd. ValuEngine downgraded TPG Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Finally, SunTrust Banks reissued a “buy” rating and set a $22.00 target price on shares of TPG Specialty Lending in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $21.71.

Shares of TSLX stock opened at $20.22 on Monday. The company has a market cap of $1.32 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 4.81 and a beta of 0.62. TPG Specialty Lending Inc has a 12-month low of $17.00 and a 12-month high of $21.24. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.82.

TPG Specialty Lending (NYSE:TSLX) last issued its earnings results on Tuesday, November 6th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The business 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 business posted $0.41 EPS. On average, equities research analysts expect that TPG Specialty Lending Inc will post 2.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date of this dividend is Thursday, December 13th. TPG Specialty Lending’s dividend payout ratio is currently 78.00%.

In other news, Director Richard A. Higginbotham purchased 2,000 shares of the stock in a transaction that occurred on Friday, August 24th. The shares were acquired at an average price of $19.73 per share, for a total transaction of $39,460.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $394,600. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

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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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