TPG Specialty Lending Inc(NYSE:TSLX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $46.03M. Analysts estimated a revenue of $45.12M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.42.
TPG Specialty Lending Inc (TSLX) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.06% at a volume of 93,051. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.12. The peak price level was also seen at $18.12 while the days lowest was $18.0301. Finally the shares closed at $18.04. The 52-week high of the shares is $18.48 while the 52-week low is $12.68. According to the latest information available, the market cap of the company is $1,075 M.
Several Insider Transactions has been reported to the SEC. On May 12, 2016, Richard A Higginbotham (director) purchased 10,000 shares at $16.19 per share price.Also, On Mar 10, 2016, Ronald Tanemura (director) purchased 10,000 shares at $15.95 per share price.On Mar 7, 2016, Joshua Easterly (CEO) purchased 6,500 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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.