Sound Income Strategies LLC Purchases 108,708 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Sound Income Strategies LLC boosted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,511,115 shares of the financial services provider’s stock after buying an additional 108,708 shares during the period. Sixth Street Specialty Lending makes up approximately 2.7% of Sound Income Strategies LLC’s investment portfolio, making the stock its largest position. Sound Income Strategies LLC owned about 2.66% of Sixth Street Specialty Lending worth $55,998,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Savvy Advisors Inc. boosted its stake in shares of Sixth Street Specialty Lending by 7.4% in the 4th quarter. Savvy Advisors Inc. now owns 43,389 shares of the financial services provider’s stock valued at $942,000 after purchasing an additional 2,999 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Sixth Street Specialty Lending by 5.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 10,047 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 532 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $4,129,000. Ellsworth Advisors LLC boosted its stake in shares of Sixth Street Specialty Lending by 7.3% in the 4th quarter. Ellsworth Advisors LLC now owns 33,190 shares of the financial services provider’s stock valued at $743,000 after purchasing an additional 2,252 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC boosted its stake in shares of Sixth Street Specialty Lending by 11.1% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 68,082 shares of the financial services provider’s stock valued at $1,479,000 after purchasing an additional 6,823 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Up 0.9%

NYSE:TSLX opened at $18.56 on Tuesday. The firm’s 50 day simple moving average is $18.93 and its 200 day simple moving average is $20.88. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.83 and a quick ratio of 2.83. Sixth Street Specialty Lending, Inc. has a one year low of $16.99 and a one year high of $25.17. The company has a market cap of $1.76 billion, a PE ratio of 10.25 and a beta of 0.66.

Sixth Street Specialty Lending (NYSE:TSLX) last posted 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). Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.The business had revenue of $108.25 million for the quarter, compared to analyst estimates of $107.11 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.01 per share. The ex-dividend date was Monday, March 16th. This represents a $0.04 annualized dividend and a yield of 0.2%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 101.66%.

Insider Buying and Selling

In other Sixth Street Specialty Lending news, VP Alan Waxman bought 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average cost of $18.47 per share, for a total transaction of $831,150.00. Following the transaction, the vice president directly owned 545,000 shares in the company, valued at approximately $10,066,150. This represents a 9.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have purchased 545,000 shares of company stock worth $9,997,150. 3.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TSLX. 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. Keefe, Bruyette & Woods reduced their price target on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Truist Financial reduced their price target on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Royal Bank Of Canada reduced their price target on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $25.00 price target on shares of Sixth Street Specialty Lending in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and a consensus target price of $21.94.

Sixth Street Specialty Lending 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.