Sixth Street Specialty Lending (NYSE:TSLX) VP Purchases $1,846,000.00 in Stock

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) VP Alan Waxman bought 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average price of $18.46 per share, with a total value of $1,846,000.00. Following the transaction, the vice president directly owned 100,000 shares in the company, valued at $1,846,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Alan Waxman also recently made the following trade(s):

• On Friday, March 6th, Alan Waxman purchased 200,000 shares of Sixth Street Specialty Lending stock. The shares were acquired at an average price of $18.42 per share, for a total transaction of $3,684,000.00.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock traded up $0.09 during trading hours on Monday, hitting $18.42. 1,242,344 shares of the company’s stock were exchanged, compared to its average volume of 1,032,325. The company has a market capitalization of $1.74 billion, a PE ratio of 10.17 and a beta of 0.73. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 1.08. Sixth Street Specialty Lending, Inc. has a 12-month low of $16.99 and a 12-month high of $25.17. The business’s 50 day simple moving average is $20.56 and its 200-day simple moving average is $21.79.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Thursday, February 12th. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.20). The business had revenue of $108.25 million for the quarter, compared to the consensus estimate of $107.11 million. Sixth Street Specialty Lending had a net margin of 37.99% and a return on equity of 12.71%. During the same period in the prior year, the business posted $0.61 EPS. On average, equities research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.01 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. Sixth Street Specialty Lending’s payout ratio is currently 101.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citizens Jmp restated a “market outperform” rating and set a $25.00 target price on shares of Sixth Street Specialty Lending in a report on Wednesday, February 18th. Royal Bank Of Canada lowered their price objective on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. JPMorgan Chase & Co. dropped their price objective on Sixth Street Specialty Lending from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Weiss Ratings downgraded shares of Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Finally, Wall Street Zen lowered shares of Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Hedge Funds Weigh In On Sixth Street Specialty Lending

Hedge funds have recently made changes to their positions in the business. Harbor Investment Advisory LLC lifted its stake in Sixth Street Specialty Lending by 673.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,508 shares during the period. MTM Investment Management LLC purchased a new stake in shares of Sixth Street Specialty Lending in the 2nd quarter worth about $49,000. Advisory Services Network LLC purchased a new position in shares of Sixth Street Specialty Lending during the third quarter valued at about $75,000. Redmont Wealth Advisors LLC purchased a new stake in Sixth Street Specialty Lending in the third quarter worth about $79,000. Finally, First Horizon Advisors Inc. boosted its position in Sixth Street Specialty Lending by 74.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 1,753 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

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.