Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stock Holdings Lessened by SeaBridge Investment Advisors LLC

SeaBridge Investment Advisors LLC reduced its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,453 shares of the financial services provider’s stock after selling 1,842 shares during the quarter. SeaBridge Investment Advisors LLC owned approximately 0.07% of Sixth Street Specialty Lending worth $1,142,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in TSLX. Morgan Stanley grew its holdings in shares of Sixth Street Specialty Lending by 14.0% during the 1st quarter. Morgan Stanley now owns 1,808,883 shares of the financial services provider’s stock valued at $38,041,000 after acquiring an additional 222,189 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Sixth Street Specialty Lending by 17.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,436,393 shares of the financial services provider’s stock worth $30,207,000 after purchasing an additional 211,820 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Sixth Street Specialty Lending by 26.2% during the 2nd quarter. Van ECK Associates Corp now owns 946,324 shares of the financial services provider’s stock valued at $20,999,000 after buying an additional 196,178 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $2,603,000. Finally, Clayton Partners LLC bought a new stake in shares of Sixth Street Specialty Lending in the 1st quarter valued at approximately $2,461,000. Hedge funds and other institutional investors own 49.37% of the company’s stock.

Separately, Zacks Investment Research cut shares of Sixth Street Specialty Lending from a “buy” rating to a “hold” rating in a research note on Friday, August 6th.

Shares of NYSE:TSLX traded down $0.12 on Wednesday, reaching $21.94. The company had a trading volume of 836 shares, compared to its average volume of 386,497. The stock has a market capitalization of $1.60 billion, a P/E ratio of 6.32, a P/E/G ratio of 1.26 and a beta of 1.22. The stock has a 50-day moving average price of $23.14 and a 200 day moving average price of $22.45. Sixth Street Specialty Lending, Inc. has a twelve month low of $16.12 and a twelve month high of $23.97. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.07.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, August 3rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.12). The company had revenue of $62.83 million during the quarter, compared to the consensus estimate of $65.34 million. Sixth Street Specialty Lending had a net margin of 95.35% and a return on equity of 12.65%. On average, sell-side analysts predict that Sixth Street Specialty Lending, Inc. will post 1.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Wednesday, September 15th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date is Tuesday, September 14th. Sixth Street Specialty Lending’s dividend payout ratio is 74.21%.

Sixth Street Specialty Lending Profile

Sixth Street Specialty Lending, Inc acts as private equity fund. The fund target companies operating in the fields health, commercial, internet, industrial, technology serveries. It provides financing for first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments,transaction size between $15 to $350 million, EBTIDA of $10 to $250 million and enterprise value of $50 million.

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Institutional Ownership by Quarter for Sixth Street Specialty Lending (NYSE:TSLX)

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