MGO One Seven LLC Sells 29,562 Shares of Sixth Street Specialty Lending, Inc. $TSLX

MGO One Seven LLC trimmed its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,278 shares of the financial services provider’s stock after selling 29,562 shares during the quarter. MGO One Seven LLC owned 0.42% of Sixth Street Specialty Lending worth $9,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSLX. Progeny 3 Inc. raised its stake in Sixth Street Specialty Lending by 1.0% in the 2nd quarter. Progeny 3 Inc. now owns 2,476,398 shares of the financial services provider’s stock worth $58,963,000 after purchasing an additional 23,451 shares in the last quarter. Sound Income Strategies LLC lifted its position in Sixth Street Specialty Lending by 1.9% during the second quarter. Sound Income Strategies LLC now owns 2,406,296 shares of the financial services provider’s stock worth $57,294,000 after purchasing an additional 45,157 shares during the period. Burgundy Asset Management Ltd. raised its position in shares of Sixth Street Specialty Lending by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,378,968 shares of the financial services provider’s stock valued at $56,643,000 after buying an additional 31,922 shares in the last quarter. Ares Management LLC lifted its holdings in shares of Sixth Street Specialty Lending by 2.2% during the 2nd quarter. Ares Management LLC now owns 1,402,689 shares of the financial services provider’s stock worth $33,398,000 after acquiring an additional 30,000 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Sixth Street Specialty Lending by 0.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 942,789 shares of the financial services provider’s stock worth $22,448,000 after acquiring an additional 4,638 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Insider Activity at Sixth Street Specialty Lending

In other news, CEO Robert J. Stanley acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $20.85 per share, for a total transaction of $208,500.00. Following the completion of the transaction, the chief executive officer directly owned 24,907 shares in the company, valued at $519,310.95. This represents a 67.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.22% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

Shares of Sixth Street Specialty Lending stock opened at $21.88 on Monday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 10.73 and a beta of 0.70. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $25.17. The company’s fifty day moving average is $21.70 and its 200 day moving average is $22.89. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.13.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $109.40 million for the quarter, compared to analyst estimates of $108.35 million. Sixth Street Specialty Lending had a return on equity of 13.20% and a net margin of 41.24%.During the same quarter in the previous year, the company posted $0.57 EPS. Sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $0.03 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. Sixth Street Specialty Lending’s payout ratio is 90.20%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, December 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $24.00 price objective on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 1st. Keefe, Bruyette & Woods lowered their target price on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company reduced their price target on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada lowered their price objective on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

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.