TPG Specialty Lending Inc (TSLX) : Steelhead Partners added new position in TPG Specialty Lending Inc during the most recent quarter end. The investment management firm now holds 24,774 shares of TPG Specialty Lending Inc which is valued at $446,923 , the company said in a statement filed on Aug 15, 2016 with the SEC.TPG Specialty Lending Inc makes up approximately 0.43% of Steelhead Partners’s portfolio.
Other Hedge Funds, Including , Two Sigma Advisers Lp reduced its stake in TSLX by selling 17,000 shares or 17.01% in the most recent quarter. The Hedge Fund company now holds 82,912 shares of TSLX which is valued at $1,495,732. TPG Specialty Lending Inc makes up approx 0.01% of Two Sigma Advisers Lp’s portfolio.Tpg Group Holdings (sbs) Advisors reduced its stake in TSLX by selling 39,894 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 2,732,373 shares of TSLX which is valued at $49,292,009. TPG Specialty Lending Inc makes up approx 0.49% of Tpg Group Holdings (sbs) Advisors’s portfolio.Westport Resources Management Inc reduced its stake in TSLX by selling 2,000 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of TSLX which is valued at $36,080. TPG Specialty Lending Inc makes up approx 0.01% of Westport Resources Management Inc’s portfolio. Gsa Capital Partners Llp added TSLX to its portfolio by purchasing 11,121 company shares during the most recent quarter which is valued at $199,844. TPG Specialty Lending Inc makes up approx 0.01% of Gsa Capital Partners Llp’s portfolio.
TPG Specialty Lending Inc closed down -0.13 points or -0.70% at $18.53 with 72,514 shares getting traded on Thursday. Post opening the session at $18.57, the shares hit an intraday low of $18.5 and an intraday high of $18.6 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, TPG Specialty Lending Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.42. The company had revenue of $46.03 million for the quarter, compared to analysts expectations of $45.14 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
Investors should note that on Aug 3, 2016, TPG Specialty Lending Inc announced a cash dividend of $0.3900. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 31, 2016.
Many Wall Street Analysts have commented on TPG Specialty Lending Inc. TPG Specialty Lending Inc was Upgraded by JMP Securities to ” Mkt Outperform” on Aug 5, 2016.
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.