Focus Partners Advisor Solutions LLC Purchases 28,367 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Focus Partners Advisor Solutions LLC raised its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 174.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,663 shares of the financial services provider’s stock after buying an additional 28,367 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Sixth Street Specialty Lending were worth $937,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Texas Yale Capital Corp. lifted its holdings in shares of 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 worth $845,000 after buying an additional 500 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Sixth Street Specialty Lending by 2.2% in the third quarter. Chicago Partners Investment Group LLC now owns 23,369 shares of the financial services provider’s stock valued at $534,000 after acquiring an additional 505 shares during the period. Ellsworth Advisors LLC grew its stake in shares of Sixth Street Specialty Lending by 3.8% in the third quarter. Ellsworth Advisors LLC now owns 30,938 shares of the financial services provider’s stock valued at $677,000 after acquiring an additional 1,123 shares in the last quarter. Tidal Investments LLC increased its position in Sixth Street Specialty Lending by 2.2% during the second quarter. Tidal Investments LLC now owns 53,219 shares of the financial services provider’s stock worth $1,267,000 after acquiring an additional 1,168 shares during the period. Finally, HB Wealth Management LLC increased its position in Sixth Street Specialty Lending by 1.5% during the third quarter. HB Wealth Management LLC now owns 77,376 shares of the financial services provider’s stock worth $1,769,000 after acquiring an additional 1,170 shares during the period. Institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Truist Financial dropped their price objective on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Weiss Ratings cut shares of Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Citizens Jmp reiterated a “market outperform” rating and issued a $25.00 price target on shares of Sixth Street Specialty Lending in a research report on Wednesday, February 18th. Wells Fargo & Company cut their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada reduced their price target on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX opened at $18.33 on Friday. The firm’s fifty day moving average price is $20.56 and its two-hundred day moving average price is $21.83. The stock has a market cap of $1.74 billion, a PE ratio of 10.13 and a beta of 0.73. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.83 and a current ratio of 2.83. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $16.99 and a fifty-two week high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). Sixth Street Specialty Lending had a net margin of 37.99% and a return on equity of 12.71%. The firm had revenue of $108.25 million during the quarter, compared to the consensus estimate of $107.11 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a $0.01 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.04 annualized dividend and a yield of 0.2%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 101.66%.

Sixth Street Specialty Lending Company 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.