101,444 Shares in Sixth Street Specialty Lending, Inc. $TSLX Purchased by Lifetime Wealth Management P.C.

Lifetime Wealth Management P.C. purchased a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 101,444 shares of the financial services provider’s stock, valued at approximately $1,742,000. Sixth Street Specialty Lending comprises 1.0% of Lifetime Wealth Management P.C.’s investment portfolio, making the stock its 25th biggest position. Lifetime Wealth Management P.C. owned approximately 0.11% of Sixth Street Specialty Lending as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Burk Holdings LLC bought a new stake in Sixth Street Specialty Lending in the second quarter worth $51,000. Fifth Third Bancorp acquired a new position in Sixth Street Specialty Lending during the first quarter worth $63,000. Advisory Services Network LLC bought a new position in Sixth Street Specialty Lending during the third quarter valued at about $75,000. Frazier Financial Advisors LLC bought a new position in Sixth Street Specialty Lending during the second quarter valued at about $83,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sixth Street Specialty Lending in the second quarter worth about $96,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

Sixth Street Specialty Lending stock opened at $18.74 on Friday. The stock has a 50-day simple moving average of $17.67 and a 200 day simple moving average of $17.96. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 19.73 and a beta of 0.59. The company has a quick ratio of 9.83, a current ratio of 9.83 and a debt-to-equity ratio of 1.24. Sixth Street Specialty Lending, Inc. has a 12-month low of $16.04 and a 12-month high of $24.79.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.The business had revenue of $97.84 million during the quarter, compared to analysts’ expectations of $95.28 million. During the same period in the previous year, the firm earned $0.56 earnings per share. On average, research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 1.74 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Tuesday, September 15th. Sixth Street Specialty Lending’s payout ratio is presently 176.84%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TSLX shares. Royal Bank Of Canada decreased their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Truist Financial cut their price objective 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. Wells Fargo & Company reduced their target price on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sixth Street Specialty Lending in a research report on Thursday, August 13th. Finally, Zacks Research upgraded Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.