Diversify Wealth Management LLC Takes $729,000 Position in Sixth Street Specialty Lending, Inc. $TSLX

Diversify Wealth Management LLC bought a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 38,516 shares of the financial services provider’s stock, valued at approximately $729,000.

Other institutional investors have also added to or reduced their stakes in the company. Quantum Portfolio Management LLC bought a new stake in shares of Sixth Street Specialty Lending in the first quarter worth about $273,434,000. Strs Ohio raised its holdings in 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 valued at $79,911,000 after buying an additional 2,193,551 shares during the period. Sound Income Strategies LLC lifted its position in Sixth Street Specialty Lending by 2.4% in the first 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 during the last quarter. Progeny 3 Inc. lifted its position in Sixth Street Specialty Lending by 1.0% in the second quarter. Progeny 3 Inc. now owns 2,476,398 shares of the financial services provider’s stock worth $58,963,000 after buying an additional 23,451 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Sixth Street Specialty Lending by 419.5% during the fourth quarter. Bank of Montreal Can now owns 2,284,920 shares of the financial services provider’s stock valued at $49,628,000 after acquiring an additional 1,845,088 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Ross Anthony Bruck acquired 8,000 shares of Sixth Street Specialty Lending stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $17.76 per share, for a total transaction of $142,080.00. Following the completion of the transaction, the vice president owned 18,250 shares of the company’s stock, valued at approximately $324,120. The trade was a 78.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.83% of the company’s stock.

Sixth Street Specialty Lending Trading Up 1.7%

NYSE TSLX opened at $17.72 on Friday. Sixth Street Specialty Lending, Inc. has a 1 year low of $16.04 and a 1 year high of $25.17. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.39 and a quick ratio of 3.39. The company has a market capitalization of $1.68 billion, a PE ratio of 15.41 and a beta of 0.59. The company has a fifty day moving average of $17.19 and a 200 day moving average of $18.73.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate 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 company had revenue of $93.40 million for the quarter, compared to analyst estimates of $103.14 million. During the same period last year, the business earned $0.58 earnings per share. Research analysts forecast that Sixth Street Specialty Lending, Inc. will post 1.72 earnings per share for the current 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 given a dividend of $0.42 per share. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. This represents a $1.68 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date was Monday, June 15th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 146.09%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TSLX shares. JPMorgan Chase & Co. decreased their price target on Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Citizens Jmp reduced their price objective on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Zacks Research raised Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods decreased their target price on shares of Sixth Street Specialty Lending from $21.00 to $18.50 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, Truist Financial decreased their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.67.

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.