Hedge Funds Are Crazy About TPG Specialty Lending Inc (TSLX)

As aggregate interest increased, key money managers were breaking ground themselves. John A. Levin’s Levin Capital Strategies made a $0.2 million investment in the stock during the quarter.

Let’s go over hedge fund activity in other stocks similar to TPG Specialty Lending Inc (NYSE:TSLX). We will take a look at Continental Building Products Inc (NYSE:CBPX), Virtus Investment Partners Inc (NASDAQ:VRTS), Global Eagle Acquisition Corp (NASDAQ:ENT), and BroadSoft Inc (NASDAQ:BSFT). This group of stocks’ market caps are similar to TPG Specialty Lending Inc (NYSE:TSLX)’s market cap.

As you can see, these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $198 million. That figure was $7 million in TPG Specialty Lending Inc (NYSE:TSLX)’s case. Continental Building Products Inc (NYSE:CBPX) is the most popular stock in this table. On the other hand, Virtus Investment Partners Inc (NASDAQ:VRTS) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks, TPG Specialty Lending Inc (NYSE:TSLX) is even less popular than Virtus Investment Partners Inc (NASDAQ:VRTS). Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case, more research is warranted.