Ethos Financial Group LLC Has $710,000 Stock Position in Sixth Street Specialty Lending, Inc. $TSLX

Ethos Financial Group LLC cut its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 26.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,811 shares of the financial services provider’s stock after selling 10,580 shares during the period. Ethos Financial Group LLC’s holdings in Sixth Street Specialty Lending were worth $710,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in shares of Sixth Street Specialty Lending by 74.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock valued at $98,000 after buying an additional 1,753 shares during the last quarter. SVB Wealth LLC acquired a new position in Sixth Street Specialty Lending during the first quarter worth $107,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Sixth Street Specialty Lending during the first quarter worth $117,000. LexAurum Advisors LLC acquired a new stake in Sixth Street Specialty Lending in the second quarter valued at $201,000. Finally, Stableford Capital II LLC bought a new position in shares of Sixth Street Specialty Lending in the 2nd quarter valued at about $208,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $21.12 on Friday. The firm has a market cap of $1.99 billion, a P/E ratio of 10.51 and a beta of 0.84. The business’s 50 day moving average is $22.85 and its 200-day moving average is $23.07. 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.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $109.40 million for the quarter, compared to analyst estimates of $108.35 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.During the same period in the prior year, the firm posted $0.57 EPS. Equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, December 15th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 90.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TSLX. Keefe, Bruyette & Woods dropped their target price on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday. JMP Securities raised their price objective 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. JPMorgan Chase & Co. reissued a “neutral” rating and set a $24.00 target price on shares of Sixth Street Specialty Lending in a report on Wednesday, October 1st. Weiss Ratings restated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending currently has an average rating of “Moderate Buy” and a consensus target price of $23.63.

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.