Clayton Partners LLC Has $3.87 Million Stock Position in Sixth Street Specialty Lending, Inc. $TSLX

Clayton Partners LLC increased its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 29.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 178,121 shares of the financial services provider’s stock after buying an additional 40,999 shares during the period. Sixth Street Specialty Lending makes up about 2.7% of Clayton Partners LLC’s portfolio, making the stock its 17th biggest position. Clayton Partners LLC’s holdings in Sixth Street Specialty Lending were worth $3,869,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLX. Harbor Investment Advisory LLC lifted its stake in shares of 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. Advisory Services Network LLC acquired a new position in shares of Sixth Street Specialty Lending in the third quarter worth approximately $75,000. Redmont Wealth Advisors LLC acquired a new position in shares of Sixth Street Specialty Lending in the third quarter worth approximately $79,000. SG Americas Securities LLC acquired a new position in shares of Sixth Street Specialty Lending in the fourth quarter worth approximately $108,000. Finally, Arax Advisory Partners acquired a new position in shares of Sixth Street Specialty Lending in the fourth quarter worth approximately $109,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

Shares of TSLX opened at $16.49 on Thursday. Sixth Street Specialty Lending, Inc. has a 52-week low of $16.37 and a 52-week high of $25.17. 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 business’s 50 day moving average price is $17.91 and its two-hundred day moving average price is $19.47. The firm has a market cap of $1.57 billion, a PE ratio of 14.33 and a beta of 0.60.

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

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 10.2%. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Monday, June 15th. Sixth Street Specialty Lending’s payout ratio is presently 146.09%.

Insider Buying and Selling at Sixth Street Specialty Lending

In other news, VP Ross Anthony Bruck bought 8,000 shares of the stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $17.76 per share, with a total value of $142,080.00. Following the completion of the transaction, the vice president directly owned 18,250 shares of the company’s stock, valued at $324,120. This trade represents a 78.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TSLX shares. Zacks Research lowered Sixth Street Specialty Lending from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Wall Street Zen lowered Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Citizens Jmp cut 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 research note on Wednesday, April 22nd. Royal Bank Of Canada cut their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Finally, Truist Financial dropped their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.83.

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.