42,458 Shares in Sixth Street Specialty Lending, Inc. $TSLX Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLXFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,458 shares of the financial services provider’s stock, valued at approximately $727,000.

A number of other institutional investors have also bought and sold shares of TSLX. Royal Bank of Canada raised its position in shares of Sixth Street Specialty Lending by 8.0% in the 1st quarter. Royal Bank of Canada now owns 124,241 shares of the financial services provider’s stock worth $2,780,000 after acquiring an additional 9,230 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Sixth Street Specialty Lending by 38.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 16,539 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 4,597 shares in the last quarter. Invesco Ltd. grew its stake in Sixth Street Specialty Lending by 8.0% during the second quarter. Invesco Ltd. now owns 30,628 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 2,263 shares during the period. Marshall Wace LLP grew its stake in Sixth Street Specialty Lending by 186.6% during the second quarter. Marshall Wace LLP now owns 75,811 shares of the financial services provider’s stock worth $1,805,000 after purchasing an additional 49,362 shares during the period. Finally, Glenview Trust co bought a new stake in Sixth Street Specialty Lending in the second quarter worth approximately $231,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Trading Up 0.4%

Shares of Sixth Street Specialty Lending stock opened at $18.78 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 9.83 and a current ratio of 9.83. Sixth Street Specialty Lending, Inc. has a 52 week low of $16.04 and a 52 week high of $24.79. The stock has a 50 day moving average price of $17.44 and a two-hundred day moving average price of $18.02. The stock has a market capitalization of $1.78 billion, a PE ratio of 19.77 and a beta of 0.59.

Sixth Street Specialty Lending (NYSE:TSLXGet Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.The firm had revenue of $97.84 million during the quarter, compared to the consensus estimate of $95.28 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. As a group, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 1.74 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Tuesday, September 15th. Sixth Street Specialty Lending’s payout ratio is 176.84%.

Analysts Set New Price Targets

Several brokerages have issued reports on TSLX. Royal Bank Of Canada dropped their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Wells Fargo & Company reduced their price objective on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Truist Financial lowered their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Keefe, Bruyette & Woods boosted their target price on shares of Sixth Street Specialty Lending from $18.50 to $19.50 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.83.

View Our Latest Stock Analysis on Sixth Street Specialty Lending

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.

See Also

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

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