Delphi Financial Group buys $19,929,019 stake in TPG Specialty Lending Inc (TSLX)

TPG Specialty Lending Inc (TSLX) : Delphi Financial Group scooped up 188,397 additional shares in TPG Specialty Lending Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 1,142,719 shares of TPG Specialty Lending Inc which is valued at $19,929,019.TPG Specialty Lending Inc makes up approximately 4.95% of Delphi Financial Group’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in TSLX in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 1,134 shares of TPG Specialty Lending Inc which is valued at $19,448.

TPG Specialty Lending Inc opened for trading at $17.68 and hit $17.7 on the upside on Friday, eventually ending the session at $17.55, with a gain of 0.11% or 0.02 points. The heightened volatility saw the trading volume jump to 2,01,431 shares. Company has a market cap of $1,043 M.

On the company’s financial health, TPG Specialty Lending Inc reported $0.42 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.42.Analysts expectations of $ 43.72.During the same quarter in the previous year, the company posted $0.39 EPS.

TPG Specialty Lending Inc. (TSL) is an externally managed closed-end non-diversified management investment company. The Company is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income primarily in the United States domiciled middle-market companies through direct originations of senior secured loans and to a lesser extent originations of mezzanine loans and investments in corporate bonds and equity securities. The companies in which TSL invests use its capital to support organic growth acquisitions market or product expansion and recapitalizations. It invests in first-lien debt second-lien debt mezzanine debt and equity and other investments. As of December 31 2014 its portfolio was invested across 19 different industries including healthcare and pharmaceuticals business services and financial services. TSL is managed by TSL Advisers LLC (the Adviser). The Adviser is the Company’s external manager.

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