Sixth Street Specialty Lending, Inc. $TSLX Shares Sold by Strs Ohio

Strs Ohio cut its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 33.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,104,173 shares of the financial services provider’s stock after selling 1,072,433 shares during the quarter. Strs Ohio’s holdings in Sixth Street Specialty Lending were worth $48,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Progeny 3 Inc. boosted its position in Sixth Street Specialty Lending by 1.0% during the 2nd quarter. Progeny 3 Inc. now owns 2,476,398 shares of the financial services provider’s stock valued at $58,963,000 after purchasing an additional 23,451 shares during the period. Sound Income Strategies LLC lifted its stake in Sixth Street Specialty Lending by 1.9% in the second quarter. Sound Income Strategies LLC now owns 2,406,296 shares of the financial services provider’s stock valued at $57,294,000 after buying an additional 45,157 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Sixth Street Specialty Lending by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 2,378,968 shares of the financial services provider’s stock valued at $56,643,000 after acquiring an additional 31,922 shares during the period. Ares Management LLC grew its position in shares of Sixth Street Specialty Lending by 2.2% during the second quarter. Ares Management LLC now owns 1,402,689 shares of the financial services provider’s stock worth $33,398,000 after acquiring an additional 30,000 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Sixth Street Specialty Lending by 0.5% during the second quarter. JPMorgan Chase & Co. now owns 942,789 shares of the financial services provider’s stock worth $22,448,000 after acquiring an additional 4,638 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sixth Street Specialty Lending news, CEO Robert J. Stanley purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of $20.85 per share, with a total value of $208,500.00. Following the acquisition, the chief executive officer owned 24,907 shares of the company’s stock, valued at $519,310.95. The trade was a 67.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Keefe, Bruyette & Woods cut their price target on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Royal Bank Of Canada reduced their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $24.00 target price on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, December 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and an average price target of $23.50.

Sixth Street Specialty Lending Price Performance

NYSE TSLX opened at $22.19 on Friday. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $25.17. The firm has a market capitalization of $2.10 billion, a PE ratio of 10.88 and a beta of 0.70. The company’s 50 day simple moving average is $21.81 and its 200 day simple moving average is $22.78. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.73 and a quick ratio of 4.73.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Sixth Street Specialty Lending had a return on equity of 13.20% and a net margin of 41.24%.The firm had revenue of $109.40 million during the quarter, compared to analyst estimates of $108.35 million. During the same period last year, the company posted $0.57 EPS. As a group, equities research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

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

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.