Muzinich & Co. Inc. Increases Stock Position in Sixth Street Specialty Lending, Inc. $TSLX

Muzinich & Co. Inc. increased its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 32.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 992,898 shares of the financial services provider’s stock after purchasing an additional 245,940 shares during the period. Sixth Street Specialty Lending accounts for 6.8% of Muzinich & Co. Inc.’s portfolio, making the stock its 7th largest holding. Muzinich & Co. Inc. owned 1.05% of Sixth Street Specialty Lending worth $21,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC raised its position in shares of Sixth Street Specialty Lending by 673.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,508 shares during the period. Advisory Services Network LLC bought a new stake in shares of Sixth Street Specialty Lending during the 3rd quarter valued at $75,000. Redmont Wealth Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending during the 3rd quarter valued at $79,000. State of Alaska Department of Revenue bought a new stake in shares of Sixth Street Specialty Lending during the 3rd quarter valued at $98,000. Finally, Farther Finance Advisors LLC increased its holdings in Sixth Street Specialty Lending by 604.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,700 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 4,033 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Insider Activity at Sixth Street Specialty Lending

In other news, VP Alan Waxman purchased 200,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average cost of $18.18 per share, with a total value of $3,636,000.00. Following the purchase, the vice president owned 500,000 shares in the company, valued at approximately $9,090,000. This trade represents a 66.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have bought 545,000 shares of company stock worth $9,997,150. 3.30% of the stock is currently owned by insiders.

Sixth Street Specialty Lending Price Performance

TSLX stock opened at $18.11 on Wednesday. Sixth Street Specialty Lending, Inc. has a 12 month low of $16.99 and a 12 month high of $25.17. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $18.85 and a 200 day moving average price of $20.84. The stock has a market cap of $1.72 billion, a PE ratio of 10.01 and a beta of 0.66.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $108.25 million for the quarter, compared to analysts’ expectations of $107.11 million. During the same period in the prior year, the firm posted $0.61 earnings per share. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Sixth Street Specialty Lending’s payout ratio is currently 101.66%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TSLX. Weiss Ratings downgraded shares of Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. JPMorgan Chase & Co. reduced their price target on shares of Sixth Street Specialty Lending from $21.00 to $18.50 and set a “neutral” rating on the stock in a report on Friday, March 13th. 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 report on Tuesday, February 17th. Wall Street Zen upgraded shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Royal Bank Of Canada dropped their price objective on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.94.

About Sixth Street Specialty Lending

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.