Traders are more bearish on shares of the company if you take note of the rise in short interest. The firm saw a rise in short interest of 29.92% as of August 31, 2017 from the last reporting period. Short shares increased from 434,518 to 564,537 over that timeframe.
The following firms have recently changed their position in TSLX. As of quarter end Koshinski Asset Management, Inc. had bought a total of 2,300 shares growing its position 21.8%. The value of the investment in (TSLX) increased from $215,000 to $262,782,000 increasing 122,124.2% quarter to quarter. As of the end of the quarter Ubs Group Ag had acquired 895 shares growing its holdings by 4.5%. The value of the investment in TPG Specialty Lending, Inc. went from $407,000 to $426,000 a change of 4.7% since the last quarter.
State Of New Jersey Common Pension Fund D reduced its holdings by selling 200,000 shares a decrease of 4.0%. State Of New Jersey Common Pension Fund D controls 4,750,000 shares with a value of $97,138,000. The value of the position overall is down by 3.8%. Progeny 3, Inc. downsized its investment by shedding 315,000 shares a decrease of 41.4% as of 06/30/2017. Progeny 3, Inc. now holds 446,027 shares worth $9,121,000. The total value of its holdings decreased 41.2%.
The company is so far trading down from yesterday’s close of 20.28. The company also recently announced a dividend that will be paid on Fri Oct 13, 2017. The dividend payment will be $0.390 per share for the quarter or $1.56 on an annualized basis. This dividend amount will represent a yield of $7.59. The ex-dividend date will be Thursday September 14th, 2017.
Company shares are trading at $20.25 which is just a bit below the 50 day moving average of $20.83 and a tad under the 200 day moving average of $20.58. The 50 day moving average was down $-0.58 or -2.797% whereas the 200 day moving average was down $-0.33 or -1.598%.
TPG Specialty Lending, Inc. (TSL), launched on July 21, 2010, 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 originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities. The Company may invest in larger or smaller companies on occasion. The Company invests in first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments. Its first-lien debt may include standalone first-lien loans; last out first-lien loans, which are loans that have a secondary priority behind super-senior first out first-lien loans; unitranche loans, which are loans that combine features of first-lien, second-lien and mezzanine debt, generally in a first-lien position, and secured corporate bonds with similar features to these categories of first-lien loans. Its second-lien debt may include secured loans and secured corporate bonds, with a secondary priority behind first-lien debt..