Sixth Street Specialty Lending, Inc. $TSLX Stock Holdings Boosted by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 179,702 shares of the financial services provider’s stock after acquiring an additional 6,176 shares during the period. D.A. Davidson & CO. owned 0.19% of Sixth Street Specialty Lending worth $4,279,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC grew its position in shares of Sixth Street Specialty Lending by 1.9% during the second quarter. Sound Income Strategies LLC now owns 2,406,296 shares of the financial services provider’s stock worth $57,294,000 after acquiring an additional 45,157 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Sixth Street Specialty Lending by 8.1% during the first quarter. Cetera Investment Advisers now owns 448,898 shares of the financial services provider’s stock worth $10,046,000 after acquiring an additional 33,818 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Sixth Street Specialty Lending by 15.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 435,607 shares of the financial services provider’s stock worth $9,749,000 after acquiring an additional 57,962 shares during the last quarter. MGO One Seven LLC grew its position in shares of Sixth Street Specialty Lending by 3.0% during the second quarter. MGO One Seven LLC now owns 427,840 shares of the financial services provider’s stock worth $10,187,000 after acquiring an additional 12,650 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sixth Street Specialty Lending during the first quarter worth about $201,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $22.48 on Friday. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $25.17. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 11.18 and a beta of 0.85. The firm has a 50-day moving average of $23.17 and a two-hundred day moving average of $22.91.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. The company had revenue of $115.00 million during the quarter, compared to the consensus estimate of $110.42 million. During the same period in the prior year, the company earned $0.58 EPS. As a group, analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio is presently 91.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSLX. Weiss Ratings restated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research report on Friday. JMP Securities increased their target price on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. Wells Fargo & Company increased their target price on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $24.00 target price on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.56.

Sixth Street Specialty Lending Profile

Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.