Pallas Capital Advisors LLC Acquires Shares of 30,881 Sixth Street Specialty Lending, Inc. $TSLX

Pallas Capital Advisors LLC acquired a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLXFree Report) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 30,881 shares of the financial services provider’s stock, valued at approximately $530,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSLX. Advisory Services Network LLC acquired a new stake in shares of Sixth Street Specialty Lending in the third quarter worth $75,000. Fifth Third Bancorp acquired a new stake in Sixth Street Specialty Lending during the 1st quarter worth about $63,000. Redmont Wealth Advisors LLC grew its position in Sixth Street Specialty Lending by 37.8% during the 4th quarter. Redmont Wealth Advisors LLC now owns 4,776 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,310 shares during the period. Arax Advisory Partners purchased a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at about $109,000. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at about $111,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLX has been the topic of a number of recent research reports. Zacks Research upgraded Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Truist Financial reduced their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Keefe, Bruyette & Woods boosted their price target on Sixth Street Specialty Lending from $18.50 to $19.50 and gave the company an “outperform” rating in a report on Monday, August 10th. Wall Street Zen raised Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Wells Fargo & Company lowered their price objective on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.83.

Read Our Latest Research Report on Sixth Street Specialty Lending

Sixth Street Specialty Lending Stock Up 1.2%

TSLX stock opened at $18.76 on Thursday. Sixth Street Specialty Lending, Inc. has a one year low of $16.04 and a one year 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. The firm’s fifty day moving average is $17.41 and its 200 day moving average is $18.05. The firm has a market cap of $1.78 billion, a PE ratio of 19.75 and a beta of 0.59.

Sixth Street Specialty Lending (NYSE:TSLXGet Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. The business had revenue of $97.84 million during the quarter, compared to the consensus estimate of $95.28 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. On average, research analysts forecast that Sixth Street Specialty Lending, Inc. will post 1.73 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Tuesday, September 15th. Sixth Street Specialty Lending’s payout ratio is currently 176.84%.

Sixth Street Specialty Lending Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TSLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sixth Street Specialty Lending, Inc. (NYSE:TSLXFree Report).

Institutional Ownership by Quarter for Sixth Street Specialty Lending (NYSE:TSLX)

Receive News & Ratings for Sixth Street Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sixth Street Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.