Hennion & Walsh Asset Management Inc. Sells 28,630 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Hennion & Walsh Asset Management Inc. lowered its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 44.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 35,281 shares of the financial services provider’s stock after selling 28,630 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Sixth Street Specialty Lending were worth $807,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TSLX. Texas Yale Capital Corp. boosted its stake in Sixth Street Specialty Lending by 1.4% during the second quarter. Texas Yale Capital Corp. now owns 35,500 shares of the financial services provider’s stock valued at $845,000 after buying an additional 500 shares during the period. Mirador Capital Partners LP increased its position in shares of Sixth Street Specialty Lending by 4.4% in the second quarter. Mirador Capital Partners LP now owns 21,920 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 919 shares during the last quarter. Union Bancaire Privee UBP SA raised its stake in Sixth Street Specialty Lending by 5.1% in the second quarter. Union Bancaire Privee UBP SA now owns 19,319 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 935 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. raised its stake in Sixth Street Specialty Lending by 4.5% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 24,084 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Ellsworth Advisors LLC lifted its position in Sixth Street Specialty Lending by 3.8% during the third quarter. Ellsworth Advisors LLC now owns 30,938 shares of the financial services provider’s stock valued at $677,000 after purchasing an additional 1,123 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Stock Down 0.1%

Shares of Sixth Street Specialty Lending stock opened at $21.88 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 4.73 and a current ratio of 4.73. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $25.17. The company’s 50 day moving average price is $21.70 and its 200-day moving average price is $22.89. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 10.73 and a beta of 0.70.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $109.40 million during the quarter, compared to the consensus estimate of $108.35 million. Sixth Street Specialty Lending had a net margin of 41.24% and a return on equity of 13.20%. During the same period in the prior year, the firm posted $0.57 earnings per share. Equities research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.03 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.12 annualized dividend and a yield of 0.5%. Sixth Street Specialty Lending’s dividend payout ratio is 90.20%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSLX. Keefe, Bruyette & Woods lowered their price objective on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a $24.00 price target on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, December 24th. Royal Bank Of Canada decreased their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Finally, Wells Fargo & Company cut their target price on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Sixth Street Specialty Lending presently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Insider Activity at Sixth Street Specialty Lending

In related news, CEO Robert J. Stanley purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average cost of $20.85 per share, with a total value of $208,500.00. Following the completion of the purchase, the chief executive officer directly owned 24,907 shares in the company, valued at approximately $519,310.95. This represents a 67.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.22% of the company’s stock.

Sixth Street Specialty Lending Profile

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.