Tred Avon Family Wealth LLC Purchases New Position in Sixth Street Specialty Lending, Inc. $TSLX

Tred Avon Family Wealth LLC purchased a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,991 shares of the financial services provider’s stock, valued at approximately $1,028,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSLX. Texas Yale Capital Corp. lifted its stake in shares of Sixth Street Specialty Lending by 1.4% in the 2nd quarter. Texas Yale Capital Corp. now owns 35,500 shares of the financial services provider’s stock valued at $845,000 after purchasing an additional 500 shares during the period. Union Bancaire Privee UBP SA increased its holdings in Sixth Street Specialty Lending by 5.1% in the second quarter. Union Bancaire Privee UBP SA now owns 19,319 shares of the financial services provider’s stock valued at $460,000 after buying an additional 935 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. increased its holdings in Sixth Street Specialty Lending by 4.5% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 24,084 shares of the financial services provider’s stock valued at $573,000 after buying an additional 1,038 shares in the last quarter. Ellsworth Advisors LLC raised its position in shares of Sixth Street Specialty Lending by 3.8% in the third quarter. Ellsworth Advisors LLC now owns 30,938 shares of the financial services provider’s stock worth $677,000 after acquiring an additional 1,123 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of Sixth Street Specialty Lending by 2.2% during the 2nd quarter. Tidal Investments LLC now owns 53,219 shares of the financial services provider’s stock worth $1,267,000 after acquiring an additional 1,168 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insider Activity at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, CEO Robert J. Stanley purchased 10,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average cost of $20.85 per share, for a total transaction of $208,500.00. Following the acquisition, the chief executive officer owned 24,907 shares in the company, valued at $519,310.95. This trade represents a 67.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.22% of the stock is currently owned by company insiders.

Sixth Street Specialty Lending Price Performance

Sixth Street Specialty Lending stock opened at $22.33 on Friday. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average price of $21.71 and a 200 day moving average price of $22.84. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $25.17. The stock has a market cap of $2.11 billion, a P/E ratio of 10.95 and a beta of 0.70.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $109.40 million during the quarter, compared to analysts’ expectations of $108.35 million. Sixth Street Specialty Lending had a net margin of 41.24% and a return on equity of 13.20%. During the same quarter in the prior year, the company posted $0.57 EPS. Sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.03 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. Sixth Street Specialty Lending’s payout ratio is currently 90.20%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Royal Bank Of Canada lowered their price target on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $24.00 price objective 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, December 24th. Finally, Wells Fargo & Company dropped their price target on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. One equities research 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 company. According to data from MarketBeat, Sixth Street Specialty Lending currently has an average rating of “Moderate Buy” and an average price target of $23.50.

Sixth Street Specialty Lending Company Profile

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.