Connor Clark & Lunn Investment Management Ltd. raised its position in TPG Specialty Lending Inc (NYSE:TSLX) by 48.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,033 shares of the financial services provider’s stock after buying an additional 25,883 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in TPG Specialty Lending were worth $1,611,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in TPG Specialty Lending in the second quarter valued at about $121,000. Tower Research Capital LLC TRC boosted its position in TPG Specialty Lending by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,481 shares of the financial services provider’s stock valued at $134,000 after buying an additional 5,660 shares in the last quarter. Natixis acquired a new position in TPG Specialty Lending in the second quarter valued at about $208,000. BlackRock Inc. acquired a new position in TPG Specialty Lending in the second quarter valued at about $412,000. Finally, California Public Employees Retirement System boosted its position in TPG Specialty Lending by 53.0% in the second quarter. California Public Employees Retirement System now owns 25,400 shares of the financial services provider’s stock valued at $456,000 after buying an additional 8,800 shares in the last quarter. Hedge funds and other institutional investors own 60.09% of the company’s stock.

A number of equities analysts have commented on the stock. National Securities boosted their price target 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 target on the stock in a research report on Friday, November 9th. Bank of America boosted their price target 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 upgraded shares of TPG Specialty Lending from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.71.

Shares of TSLX stock opened at $19.93 on Friday. TPG Specialty Lending Inc has a 1 year low of $17.00 and a 1 year high of $21.24. The company has a market cap of $1.32 billion, a PE ratio of 9.97, a P/E/G ratio of 4.78 and a beta of 0.62. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.82.

TPG Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, November 6th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. TPG Specialty Lending had a net margin of 55.73% and a return on equity of 12.21%. The company had revenue of $63.00 million for the quarter, compared to analyst estimates of $58.77 million. During the same period in the prior year, the business earned $0.41 earnings per share. Research analysts predict that TPG Specialty Lending Inc will post 2.1 EPS for the current year.

The business 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 is Thursday, December 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.83%. TPG Specialty Lending’s payout ratio is 78.00%.

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About TPG Specialty Lending

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: Bond

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

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