Sixth Street Specialty Lending, Inc. $TSLX Stock Holdings Raised by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 11.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 741,125 shares of the financial services provider’s stock after purchasing an additional 78,229 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Sixth Street Specialty Lending were worth $16,097,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Diversify Advisory Services LLC raised its stake in shares of Sixth Street Specialty Lending by 6.3% in the 4th quarter. Diversify Advisory Services LLC now owns 38,454 shares of the financial services provider’s stock valued at $858,000 after purchasing an additional 2,269 shares in the last quarter. Muzinich & Co. Inc. grew its stake in Sixth Street Specialty Lending by 32.9% in the fourth quarter. Muzinich & Co. Inc. now owns 992,898 shares of the financial services provider’s stock worth $21,566,000 after purchasing an additional 245,940 shares in the last quarter. Sound Income Strategies LLC grew its stake in Sixth Street Specialty Lending by 4.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,511,115 shares of the financial services provider’s stock worth $55,998,000 after purchasing an additional 108,708 shares in the last quarter. Savvy Advisors Inc. increased its holdings in Sixth Street Specialty Lending by 7.4% in the fourth quarter. Savvy Advisors Inc. now owns 43,389 shares of the financial services provider’s stock valued at $942,000 after buying an additional 2,999 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Sixth Street Specialty Lending by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,047 shares of the financial services provider’s stock valued at $218,000 after buying an additional 532 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

TSLX has been the subject of several research reports. Weiss Ratings lowered Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. dropped their price target on Sixth Street Specialty Lending from $21.00 to $18.50 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Wall Street Zen upgraded Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Wells Fargo & Company decreased their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, February 17th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.94.

Sixth Street Specialty Lending Stock Up 1.0%

Shares of Sixth Street Specialty Lending stock opened at $19.41 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.83 and a quick ratio of 2.83. Sixth Street Specialty Lending, Inc. has a 1-year low of $16.99 and a 1-year high of $25.17. The business’s fifty day moving average price is $18.42 and its two-hundred day moving average price is $20.63. The company has a market capitalization of $1.84 billion, a P/E ratio of 10.72 and a beta of 0.66.

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

Sixth Street Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, March 16th. Sixth Street Specialty Lending’s dividend payout ratio is currently 101.66%.

Insider Buying and Selling at Sixth Street Specialty Lending

In related news, VP Alan Waxman acquired 45,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $18.47 per share, for a total transaction of $831,150.00. Following the completion of the acquisition, the vice president directly owned 545,000 shares of the company’s stock, valued at approximately $10,066,150. The trade was a 9.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have purchased 545,000 shares of company stock valued at $9,997,150. Corporate insiders own 3.22% of the company’s stock.

Sixth Street Specialty Lending 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.