LSV Asset Management Sells 181,500 Shares of Sixth Street Specialty Lending, Inc. $TSLX

LSV Asset Management lowered its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 791,212 shares of the financial services provider’s stock after selling 181,500 shares during the period. LSV Asset Management’s holdings in Sixth Street Specialty Lending were worth $17,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Harbor Investment Advisory LLC increased its position 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 purchasing an additional 1,508 shares during the last quarter. Advisory Services Network LLC bought a new stake in Sixth Street Specialty Lending in the third quarter worth $75,000. Redmont Wealth Advisors LLC bought a new stake in Sixth Street Specialty Lending in the third quarter worth $79,000. SG Americas Securities LLC bought a new stake in Sixth Street Specialty Lending in the fourth quarter worth $108,000. Finally, Key Capital Management INC bought a new stake in Sixth Street Specialty Lending in the fourth quarter worth $137,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sixth Street Specialty Lending

In related news, VP Ross Anthony Bruck purchased 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $17.76 per share, with a total value of $142,080.00. Following the purchase, the vice president owned 18,250 shares of the company’s stock, valued at $324,120. The trade was a 78.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Alan Waxman acquired 45,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average price of $18.47 per share, for a total transaction of $831,150.00. Following the acquisition, the vice president directly owned 545,000 shares in the company, valued at $10,066,150. This represents a 9.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 553,000 shares of company stock worth $10,139,230. Insiders own 3.83% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

TSLX stock opened at $17.17 on Tuesday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 14.93 and a beta of 0.65. 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 firm has a 50-day simple moving average of $18.20 and a two-hundred day simple moving average of $19.95. Sixth Street Specialty Lending, Inc. has a one year low of $16.96 and a one year high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.42 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 company had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $103.14 million. During the same period in the previous year, the business earned $0.58 earnings per share. On average, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.42 dividend. This is a boost 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 9.8%. Sixth Street Specialty Lending’s dividend payout ratio is currently 160.00%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TSLX shares. Citizens Jmp cut their price objective on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen lowered shares of Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Wells Fargo & Company lowered their price objective on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Finally, Zacks Research lowered shares of Sixth Street Specialty Lending from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.83.

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.