Savvy Advisors Inc. Raises Stake in Sixth Street Specialty Lending, Inc. $TSLX

Savvy Advisors Inc. raised its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 15.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 35,138 shares of the financial services provider’s stock after acquiring an additional 4,825 shares during the quarter. Savvy Advisors Inc.’s holdings in Sixth Street Specialty Lending were worth $837,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Strs Ohio bought a new stake in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $79,698,000. Sound Income Strategies LLC boosted its position in shares of Sixth Street Specialty Lending by 1.9% during the 2nd quarter. Sound Income Strategies LLC now owns 2,406,296 shares of the financial services provider’s stock valued at $57,294,000 after acquiring an additional 45,157 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Sixth Street Specialty Lending by 7.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 2,347,046 shares of the financial services provider’s stock valued at $52,527,000 after acquiring an additional 154,560 shares during the last quarter. Allen Investment Management LLC boosted its position in shares of Sixth Street Specialty Lending by 24.4% during the 1st quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider’s stock valued at $32,114,000 after acquiring an additional 281,339 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of Sixth Street Specialty Lending by 3.9% during the 1st quarter. LSV Asset Management now owns 1,177,111 shares of the financial services provider’s stock valued at $26,344,000 after acquiring an additional 44,449 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX opened at $22.61 on Friday. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 11.25 and a beta of 0.85. 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, Inc. has a 1-year low of $18.58 and a 1-year high of $25.17. The stock’s 50-day moving average is $23.02 and its 200 day moving average is $23.03.

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

Analyst Upgrades and Downgrades

TSLX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $24.00 price target on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. Wells Fargo & Company lifted their price target on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. JMP Securities lifted their price target 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to 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 Profile

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.