Ares Management LLC Has $5.36 Million Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Ares Management LLC grew its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 26.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,347 shares of the financial services provider’s stock after purchasing an additional 50,762 shares during the period. Sixth Street Specialty Lending comprises about 0.2% of Ares Management LLC’s holdings, making the stock its 24th largest position. Ares Management LLC’s holdings in Sixth Street Specialty Lending were worth $5,355,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Sixth Street Specialty Lending by 5.6% in the 1st quarter. JPMorgan Chase & Co. now owns 136,144 shares of the financial services provider’s stock worth $2,863,000 after purchasing an additional 7,189 shares during the last quarter. Progeny 3 Inc. increased its holdings in shares of Sixth Street Specialty Lending by 2.6% during the 1st quarter. Progeny 3 Inc. now owns 757,792 shares of the financial services provider’s stock valued at $15,936,000 after acquiring an additional 18,872 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Sixth Street Specialty Lending by 8.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 172,900 shares of the financial services provider’s stock valued at $3,837,000 after acquiring an additional 13,119 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Sixth Street Specialty Lending by 4.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 50,970 shares of the financial services provider’s stock valued at $1,131,000 after acquiring an additional 2,137 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Sixth Street Specialty Lending by 14.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 55,915 shares of the financial services provider’s stock valued at $1,238,000 after acquiring an additional 7,232 shares during the last quarter. 49.37% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research lowered Sixth Street Specialty Lending from a “buy” rating to a “hold” rating in a report on Friday, August 6th.

Shares of NYSE TSLX traded down $0.01 during mid-day trading on Thursday, reaching $23.22. 1,855 shares of the company traded hands, compared to its average volume of 371,507. The company’s fifty day moving average is $22.71 and its two-hundred day moving average is $22.49. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $16.12 and a fifty-two week high of $23.97. The stock has a market cap of $1.69 billion, a PE ratio of 6.66, a price-to-earnings-growth ratio of 1.26 and a beta of 1.22. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.63 and a current ratio of 0.63.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, August 3rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.12). Sixth Street Specialty Lending had a net margin of 95.35% and a return on equity of 12.65%. The business had revenue of $62.83 million for the quarter, compared to the consensus estimate of $65.34 million. Research analysts forecast that Sixth Street Specialty Lending, Inc. will post 1.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Wednesday, September 15th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $1.64 annualized dividend and a yield of 7.06%. Sixth Street Specialty Lending’s payout ratio is 74.21%.

Sixth Street Specialty Lending Company 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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