Sixth Street Specialty Lending (NYSE:TSLX) CEO Robert Stanley Purchases 10,000 Shares of Stock

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) CEO Robert Stanley purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average price of $20.85 per share, for a total transaction of $208,500.00. Following the completion of the transaction, the chief executive officer directly owned 24,907 shares in the company, valued at approximately $519,310.95. This trade represents a 67.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX traded up $0.16 during trading hours on Friday, reaching $20.87. 62,340 shares of the company’s stock traded hands, compared to its average volume of 479,697. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $25.17. The business’s fifty day simple moving average is $22.15 and its two-hundred day simple moving average is $23.10. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 10.38 and a beta of 0.84.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. The firm had revenue of $109.40 million during the quarter, compared to analyst estimates of $108.35 million. During the same quarter in the prior year, the firm posted $0.57 EPS. Analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.03 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.6%. Sixth Street Specialty Lending’s dividend payout ratio is 90.20%.

Institutional Trading of Sixth Street Specialty Lending

Several hedge funds and other institutional investors have recently modified their holdings of the business. Principle Wealth Partners LLC purchased a new position in Sixth Street Specialty Lending during the first quarter valued at approximately $294,000. Cetera Investment Advisers boosted its stake in shares of Sixth Street Specialty Lending by 8.1% during the 1st quarter. Cetera Investment Advisers now owns 448,898 shares of the financial services provider’s stock valued at $10,046,000 after buying an additional 33,818 shares during the period. Baillie Gifford & Co. grew its holdings in shares of Sixth Street Specialty Lending by 21.8% during the 1st quarter. Baillie Gifford & Co. now owns 373,254 shares of the financial services provider’s stock valued at $8,353,000 after acquiring an additional 66,825 shares in the last quarter. Allen Investment Management LLC increased its stake in shares of Sixth Street Specialty Lending by 24.4% in the first quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider’s stock worth $32,114,000 after acquiring an additional 281,339 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Sixth Street Specialty Lending by 5.2% in the first quarter. LPL Financial LLC now owns 603,544 shares of the financial services provider’s stock worth $13,507,000 after acquiring an additional 29,685 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSLX. Royal Bank Of Canada lowered their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. restated a “neutral” rating and set a $24.00 price objective on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. JMP Securities boosted their target price on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 6th. Wells Fargo & Company cut their target price on shares of 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. Finally, Keefe, Bruyette & Woods decreased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and a consensus price target of $23.50.

About Sixth Street Specialty Lending

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.