Sixth Street Specialty Lending, Inc. $TSLX Shares Purchased by Ignite Planners LLC

Ignite Planners LLC boosted its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 47.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 102,317 shares of the financial services provider’s stock after purchasing an additional 32,850 shares during the period. Ignite Planners LLC owned approximately 0.11% of Sixth Street Specialty Lending worth $2,246,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Harbor Investment Advisory LLC grew its holdings in shares of Sixth Street Specialty Lending by 673.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock worth $38,000 after buying an additional 1,508 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Sixth Street Specialty Lending during the 3rd quarter worth approximately $75,000. Redmont Wealth Advisors LLC acquired a new stake in Sixth Street Specialty Lending during the 3rd quarter worth approximately $79,000. State of Alaska Department of Revenue purchased a new position in shares of Sixth Street Specialty Lending in the 3rd quarter valued at approximately $98,000. Finally, SG Americas Securities LLC acquired a new position in shares of Sixth Street Specialty Lending in the fourth quarter valued at approximately $108,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, VP Ross Anthony Bruck purchased 8,000 shares of Sixth Street Specialty Lending stock in a transaction on Monday, May 11th. The shares were bought at an average price of $17.76 per share, with a total value of $142,080.00. Following the completion of the acquisition, the vice president directly owned 18,250 shares of the company’s stock, valued at approximately $324,120. This trade represents a 78.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Alan Waxman purchased 200,000 shares of the stock in a transaction dated Monday, March 9th. The stock was acquired at an average price of $18.18 per share, for a total transaction of $3,636,000.00. Following the completion of the transaction, the vice president directly owned 500,000 shares of the company’s stock, valued at approximately $9,090,000. The trade was a 66.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 553,000 shares of company stock valued at $10,139,230. 3.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings downgraded Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Truist Financial lowered their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Zacks Research cut shares of Sixth Street Specialty Lending from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Citizens Jmp lowered their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of “Moderate Buy” and an average price target of $19.83.

Sixth Street Specialty Lending Stock Down 0.5%

TSLX opened at $17.36 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 3.39 and a current ratio of 3.39. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 15.09 and a beta of 0.65. Sixth Street Specialty Lending, Inc. has a one year low of $16.99 and a one year high of $25.17. The business’s fifty day moving average is $18.24 and its two-hundred day moving average is $20.03.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The firm had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $103.14 million. Sixth Street Specialty Lending had a net margin of 25.25% and a return on equity of 11.92%. During the same quarter in the prior year, the business earned $0.58 EPS. Analysts anticipate that Sixth Street Specialty Lending, Inc. will post 1.71 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.42 per share. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, June 15th. This represents a $1.68 annualized dividend and a yield of 9.7%. Sixth Street Specialty Lending’s payout ratio is 160.00%.

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.