Investor s Fiduciary Advisor Network LLC Takes $520,000 Position in Sixth Street Specialty Lending, Inc. $TSLX

Investor s Fiduciary Advisor Network LLC bought a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,790 shares of the financial services provider’s stock, valued at approximately $520,000.

Other large investors have also added to or reduced their stakes in the company. Texas Yale Capital Corp. raised its holdings in Sixth Street Specialty Lending by 1.4% in the 2nd quarter. Texas Yale Capital Corp. now owns 35,500 shares of the financial services provider’s stock worth $845,000 after purchasing an additional 500 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Sixth Street Specialty Lending by 2.2% during the third quarter. Chicago Partners Investment Group LLC now owns 23,369 shares of the financial services provider’s stock valued at $534,000 after buying an additional 505 shares during the period. Union Bancaire Privee UBP SA raised its stake in Sixth Street Specialty Lending by 5.1% in the second quarter. Union Bancaire Privee UBP SA now owns 19,319 shares of the financial services provider’s stock worth $460,000 after buying an additional 935 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. raised its stake in Sixth Street Specialty Lending by 4.5% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 24,084 shares of the financial services provider’s stock worth $573,000 after buying an additional 1,038 shares in the last quarter. Finally, Ellsworth Advisors LLC lifted its holdings in Sixth Street Specialty Lending by 3.8% in the third quarter. Ellsworth Advisors LLC now owns 30,938 shares of the financial services provider’s stock worth $677,000 after buying an additional 1,123 shares during the period. Institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Sixth Street Specialty Lending

In other news, CEO Robert J. Stanley purchased 10,000 shares of Sixth Street Specialty Lending stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average price of $20.85 per share, with a total value of $208,500.00. Following the completion of the transaction, the chief executive officer directly owned 24,907 shares of the company’s stock, valued at approximately $519,310.95. The trade was a 67.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.30% of the company’s stock.

Sixth Street Specialty Lending Stock Down 0.7%

Shares of NYSE:TSLX opened at $22.12 on Thursday. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.13. The stock has a fifty day simple moving average of $21.89 and a two-hundred day simple moving average of $22.73. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $25.17. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.84 and a beta of 0.70.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, November 4th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $109.40 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted $0.57 earnings per share. On average, research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

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

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.