Concurrent Investment Advisors LLC Acquires Shares of 11,138 Sixth Street Specialty Lending, Inc. $TSLX

Concurrent Investment Advisors LLC acquired a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,138 shares of the financial services provider’s stock, valued at approximately $265,000.

Other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in Sixth Street Specialty Lending by 1.9% in 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 purchasing an additional 45,157 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Sixth Street Specialty Lending by 108.5% in the first quarter. Janney Montgomery Scott LLC now owns 276,845 shares of the financial services provider’s stock worth $6,196,000 after purchasing an additional 144,096 shares in the last quarter. Cetera Investment Advisers raised its holdings in Sixth Street Specialty Lending by 8.1% in the first quarter. Cetera Investment Advisers now owns 448,898 shares of the financial services provider’s stock worth $10,046,000 after purchasing an additional 33,818 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Sixth Street Specialty Lending by 15.3% in 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 purchasing an additional 57,962 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Sixth Street Specialty Lending in the first quarter worth $201,000. Institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TSLX shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $24.00 price objective on shares of Sixth Street Specialty Lending in a report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 8th. JMP Securities increased their target price on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.56.

Sixth Street Specialty Lending Trading Up 1.1%

NYSE TSLX opened at $21.52 on Monday. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $25.17. The stock has a market cap of $2.03 billion, a P/E ratio of 10.71 and a beta of 0.85. The stock’s fifty day moving average price is $23.38 and its 200-day moving average price is $22.87. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.07.

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

Sixth Street Specialty Lending Dividend Announcement

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

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.