Focus Partners Advisor Solutions LLC acquired a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 33,218 shares of the financial services provider’s stock, valued at approximately $570,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Lido Advisors LLC raised its position in shares of Sixth Street Specialty Lending by 1.2% in the fourth quarter. Lido Advisors LLC now owns 42,172 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 506 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Sixth Street Specialty Lending by 5.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 11,923 shares of the financial services provider’s stock worth $259,000 after buying an additional 626 shares during the last quarter. Sage Investment Counsel LLC boosted its holdings 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. Price T Rowe Associates Inc. MD boosted its holdings in shares of Sixth Street Specialty Lending by 4.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,905 shares of the financial services provider’s stock worth $476,000 after buying an additional 968 shares during the period. Finally, Cornerstone Wealth Management LLC grew its stake in Sixth Street Specialty Lending by 2.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 47,093 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 970 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.
Sixth Street Specialty Lending Trading Down 1.7%
Shares of Sixth Street Specialty Lending stock opened at $18.46 on Tuesday. The firm has a 50-day moving average of $17.35 and a 200-day moving average of $18.09. The stock has a market cap of $1.75 billion, a PE ratio of 19.43 and a beta of 0.59. Sixth Street Specialty Lending, Inc. has a 52-week low of $16.04 and a 52-week high of $24.79. The company has a debt-to-equity ratio of 1.24, a quick ratio of 9.83 and a current ratio of 9.83.
Sixth Street Specialty Lending Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.68 dividend on an annualized basis and a yield of 9.1%. Sixth Street Specialty Lending’s payout ratio is currently 176.84%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on TSLX shares. Keefe, Bruyette & Woods increased their price target on shares of Sixth Street Specialty Lending from $18.50 to $19.50 and gave the company an “outperform” rating in a report on Monday, August 10th. Zacks Research upgraded Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Truist Financial decreased their target price on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Wall Street Zen raised Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Citizens Jmp lowered their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.83.
View Our Latest Stock Report on TSLX
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.
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