TPG Specialty Lending, Inc. shares had a trading volume of 4,098 in the last trading session. Volume was down 98.17% under the stocks average daily volume. Short traders are feeling a little more bearish on the company recently if you pay attention to the increase in short interest. The firm experienced a rise in short interest between September 15, 2017 and September 29, 2017 of 8.90%. Short shares increased 37,649 over that period.
These firms have modified their investment in TSLX. As of the end of the quarter Progeny 3, Inc. had disposed of a total of 315,000 shares trimming its stake by 41.4%. The value of the investment in TSLX decreased from $15,517,000 to $9,121,000 a change of $6,396,000 quarter to quarter. As of quarter end State Of New Jersey Common Pension Fund D had sold 200,000 shares trimming its holdings by 4.0%. The value in dollars went from $100,931,000 to $97,138,000 a change of 3.8% for the reporting period.
As of quarter end Ubs Group Ag had bought 895 shares growing its position 4.5%. The value of the investment in (TSLX) went from $407,000 to $426,000 increasing 4.7% quarter over quarter. Koshinski Asset Management, Inc. expanded its ownership by buying 600 shares an increase of 4.7% from 06/30/2017 to 09/30/2017. Koshinski Asset Management, Inc. claims 13,450 shares valued at $281,912,000. The total value of its holdings increased 7.3%.
The company is now unchanged from yesterday’s close of 20.82. Additionally TPG Specialty Lending, Inc. recently declared a dividend for shareholders that was paid on Friday the 13th of October 2017. The dividend payment was $0.390 per share for the quarter which is $1.56 annualized. This dividend represents a yield of $7.59 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 14th of September 2017.
It is trading at $20.82 a tad higher than $20.59, the stock’s 50 day moving average and which is just over the 200 day moving average of $20.66. The 50 day moving average was up $0.23 or +1.10% whereas the 200 day moving average was up $0.16 or +0.76%.
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..