Denali Advisors LLC Cuts Stock Position in Sixth Street Specialty Lending, Inc. $TSLX

Denali Advisors LLC trimmed its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,685 shares of the financial services provider’s stock after selling 4,753 shares during the quarter. Denali Advisors LLC owned 0.21% of Sixth Street Specialty Lending worth $4,731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TSLX. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Sixth Street Specialty Lending in the first quarter valued at about $201,000. Mallini Complete Financial Planning LLC raised its holdings in Sixth Street Specialty Lending by 4.5% in the first quarter. Mallini Complete Financial Planning LLC now owns 13,028 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 558 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. Essex Financial Services Inc. raised its holdings in Sixth Street Specialty Lending by 115.8% in the first quarter. Essex Financial Services Inc. now owns 39,252 shares of the financial services provider’s stock worth $878,000 after purchasing an additional 21,065 shares in the last quarter. Finally, Naviter Wealth LLC raised its holdings in Sixth Street Specialty Lending by 9.2% in the first quarter. Naviter Wealth LLC now owns 115,707 shares of the financial services provider’s stock worth $2,638,000 after purchasing an additional 9,724 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TSLX shares. Wells Fargo & Company boosted their price target 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. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 8th. Finally, JMP Securities upped their target price on 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.56.

Sixth Street Specialty Lending Trading Up 1.1%

Shares of NYSE:TSLX opened at $21.92 on Wednesday. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $25.17. The company has a market capitalization of $2.07 billion, a PE ratio of 10.91 and a beta of 0.85. The business has a 50 day moving average of $23.29 and a two-hundred day moving average of $22.88. 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 announced its earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share for the quarter, topping 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 business 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 posted $0.58 EPS. As a group, analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

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