HB Wealth Management LLC Has $634,000 Stock Holdings in Sixth Street Specialty Lending, Inc. $TSLX

HB Wealth Management LLC decreased its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 54.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,516 shares of the financial services provider’s stock after selling 41,235 shares during the period. HB Wealth Management LLC’s holdings in Sixth Street Specialty Lending were worth $634,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TSLX. Platform Technology Partners increased its holdings in Sixth Street Specialty Lending by 5.8% in the first quarter. Platform Technology Partners now owns 36,444 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 2,000 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Sixth Street Specialty Lending by 2.4% during the 1st quarter. Sound Income Strategies LLC now owns 2,571,052 shares of the financial services provider’s stock worth $46,562,000 after buying an additional 59,937 shares in the last quarter. Strs Ohio boosted its holdings in shares of Sixth Street Specialty Lending by 101.8% during the 1st quarter. Strs Ohio now owns 4,347,710 shares of the financial services provider’s stock worth $79,911,000 after buying an additional 2,193,551 shares in the last quarter. Sage Investment Counsel LLC grew its position in shares of Sixth Street Specialty Lending by 3.2% during the 1st quarter. Sage Investment Counsel LLC now owns 25,577 shares of the financial services provider’s stock worth $470,000 after buying an additional 800 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth approximately $295,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Trading Up 3.5%

Shares of Sixth Street Specialty Lending stock opened at $17.25 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 3.39 and a current ratio of 3.39. Sixth Street Specialty Lending, Inc. has a 52 week low of $16.04 and a 52 week high of $25.17. The stock has a 50 day moving average price of $17.30 and a two-hundred day moving average price of $18.87. The stock has a market capitalization of $1.64 billion, a PE ratio of 15.00 and a beta of 0.59.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). Sixth Street Specialty Lending had a return on equity of 11.92% and a net margin of 25.25%.The firm had revenue of $93.40 million for the quarter, compared to analyst estimates of $103.14 million. During the same period in the previous year, the company earned $0.58 earnings per share. As a group, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 1.72 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.42 per share. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, June 15th. This represents a $1.68 dividend on an annualized basis and a yield of 9.7%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 146.09%.

Insider Buying and Selling

In other Sixth Street Specialty Lending news, VP Ross Anthony Bruck acquired 8,000 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $17.76 per share, for a total transaction of $142,080.00. Following the completion of the acquisition, the vice president owned 18,250 shares in the company, valued at approximately $324,120. This represents a 78.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Zacks Research upgraded shares of Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday. Citizens Jmp reduced their price target on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Finally, Wall Street Zen lowered shares of Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.67.

About Sixth Street Specialty Lending

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.