Tpg Specialty Lending Inc. (NYSE:TSLX) Is Bringing In The Smart Money

The finance space is in a bit of a tough spot right now. With the Federal Reserve likely to carry on raising rates throughout this year, and the impact of a Trump presidency inflicting what remains a relatively uncertain outlook across a spate of industries, capital allocation is difficult. This is weighing on sentiment, and in turn, prices. Of course, when prices depress, smart money is able to pick up an exposure at a discount, and we’ve seen just that happen today.

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tpg Specialty Lending Inc. (NYSE:TSLX) reported that Strs Ohio has picked up 4,357,09 of common stock as of 2017-01-25.

The acquisition brings the aggregate amount owned by Strs Ohio to a total of 4,357,09 representing a 7.296% stake in the company.

For those not familiar with the company, 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. It 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. It is engaged in direct equity investments, sale of loans and debt and equity securities, and loan origination. The companies in which TSL invests use its capital to support organic growth, acquisitions, market or product expansion and recapitalizations.

A glance at Tpg Specialty Lending Inc. (NYSE:TSLX)’s key stats reveals a current market capitalization of 1.13 billion based on 59.72 million shares outstanding and a price at last close of $18.94 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-11-21, Waxman picked up 230 at a purchase price of $18.39. This brings their total holding to 139,327 as of the date of the filing.

On the sell side, the most recent transaction saw Mssb unload 2,593,099 shares at a sale price of $18.07. This brings their total holding to 3,012,582.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tpg Specialty Lending Inc. (NYSE:TSLX) as things move forward to see if its progress aligns with these transactions.

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Elliott Associates Just Bought Arconic Inc. (NYSE:ARNC) Shares

If Trump is to carry through with his word, and his promise to raise employment in the US (although it’s currently at pretty high levels, so he’s going to have to work hard to do it) then the engineering industry should see a boom across the coming three to five years. It seems institutional funds are recognising this, and positioning themselves accordingly.

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Arconic Inc. (NYSE:ARNC) reported that Elliott Associates, L.p. has picked up 14,432,682 of common stock as of 2017-01-25.

The acquisition brings the aggregate amount owned by Elliott Associates, L.p. to a total of 14,432,682 representing a 3.3% stake in the company.

For those not familiar with the company, Arconic Inc., formerly Alcoa Inc., is engaged in providing materials and engineered products. The Company operates through segments, including Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company offers engineered products and solutions, including fastening systems and rings, titanium and engineered products, power and propulsion, and forgings and extrusions. Its transportation and construction solutions include wheel and transportation products; building and construction systems, and extrusions. Its global rolled products include aerospace and automotive products; Micromill products and services, and brazing, commercial transportation and industrial solutions. It offers a range of aluminum sheet and plate products for the aerospace, automotive, commercial transportation, brazing and industrial markets.

A glance at Arconic Inc. (NYSE:ARNC)’s key stats reveals a current market capitalization of 10.27 billion based on 438.48 million shares outstanding and a price at last close of $22.53 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-01-24, Elliott picked up 192,700 at a purchase price of $21.74. This brings their total holding to 30,669,451 as of the date of the filing.

On the sell side, the most recent transaction saw Jarrault unload 12,810 shares at a sale price of $10.23. This brings their total holding to 352,889.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Arconic Inc. (NYSE:ARNC) as things move forward to see if its progress aligns with these transactions.

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North American Cannabis Holdings Inc (OTCMKTS:USMJ) Gearing Up for More Gains

North American Cannabis Holdings Inc (OTCMKTS:USMJ) shares were flat on Tuesday at $0.00060 and unchanged in after-hours trading. The company has a market cap of $22,100 at 36.88 million shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.00.

North American Cannabis Holdings Inc has entered into the marijuana industry in 2013 to pilot various cannabis sector enterprises and now it is well-positioned to take advantage of the expected boom. The market is expected to grow to $20 billion by 2020 thanks to the November 8 vote that legalized the use of medical or recreational marijuana in several US states. Legislation is pending in Canada as well.

Last year, the company announced that it is set to close the acquisition of controlling interest in Alternet Systems by December 20, 2016. Alternet Systems is a company that develops and commercializes a growing portfolio of digital commerce technologies and already has a long-term track record in  financial services industry software solutions.

Along with this announcement, North American Cannabis Holdings Inc also shared that it has partnered with Puration under their  EVERx Sports and Fitness Nutritional Supplement Brand Name. These products will be targeted to athletes looking to enhance their performance, as CBD can substantially reduce recovery times and increase cardio output. Apart from that, CBD infused products can also target the general public that is becoming more aware of the health benefits of these products, such as mitigating diabetes risk and reducing cancer cells.

This partnership is ready to bear fruit as Puration and North Cannabis Holdings Inc will reveal the major industry trade show where EVERx Cannabinoil (CBD) Infused Bottled Water will be officially launched.

The launch event is going to be huge, and both USMJ and PURA have big roles to play” said Steven Rash, CEO of North American Cannabis Holdings Inc. “An amazing ensemble of smart people and terrific organizations are coming together for what will be a tremendous launch event.  When we tell you all about the EVERx launch event it will be crystal clear to you how USMJ and PURA fit together and how all the hard work getting to this launch has been worth it.  EVERx is a winner and you will see it endorsed by winners at our launch event. You don’t want to miss our announcement next week on Thursday, February 2nd and you don’t want to miss our launch event in March.  Put it on your calendar now.”

Earlier this year, Puration published a $3 million revenue plan and later on announced that sales channels are poised to surpass this target. The company’s proprietary extraction process is combined with Alkame Holdings’ patented technology that alters the structure of water, producing a combination of characteristics that are unprecedented in the beverage industry.

I first want to start by saying that Alkame Holdings’ was absolutely the right partner for PURA to pick for producing the EVERx CBD Infused Sports Drink with PURA’s proprietary CBD extract.” said Brian Shibley, CEO of Puration.  “ALKM has been great.  Not only is ALKM’s patented water a perfect platform for PURA’s proprietary CBD extract, the people at ALKM are simply the best kind of people to work with.  They are committed to the mission; passionate about the mission and laser beam focused on the mission.  EVERx CBD Infused Water is the best CBD infused water you can find.  All of us at PURA, USMJ and ALKM can’t wait to tell you about the product launch details.  Just wait until you hear about the product launch plans on Thursday, next week.  You’re going to be excited too.”

DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.

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