Sixth Street Specialty Lending (NYSE:TSLX) VP Acquires $3,636,000.00 in Stock

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) VP Alan Waxman bought 200,000 shares of the stock in a transaction on Monday, March 9th. The stock was purchased at an average price of $18.18 per share, with a total value of $3,636,000.00. Following the completion of the purchase, the vice president owned 500,000 shares of the company’s stock, valued at $9,090,000. This represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Alan Waxman also recently made the following trade(s):

• On Tuesday, March 10th, Alan Waxman purchased 45,000 shares of Sixth Street Specialty Lending stock. The stock was purchased at an average cost of $18.47 per share, for a total transaction of $831,150.00.
• On Friday, March 6th, Alan Waxman purchased 200,000 shares of Sixth Street Specialty Lending stock. The shares were acquired at an average cost of $18.42 per share, for a total transaction of $3,684,000.00.
• On Thursday, March 5th, Alan Waxman acquired 100,000 shares of Sixth Street Specialty Lending stock. The shares were acquired at an average price of $18.46 per share, with a total value of $1,846,000.00.

Sixth Street Specialty Lending Stock Down 1.3%

Sixth Street Specialty Lending stock opened at $17.81 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.83 and a quick ratio of 2.83. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 9.84 and a beta of 0.73. Sixth Street Specialty Lending, Inc. has a 1-year low of $16.99 and a 1-year high of $25.17. The business has a fifty day moving average price of $20.21 and a 200-day moving average price of $21.62.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Thursday, February 12th. The financial services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.20). Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.The business had revenue of $108.25 million for the quarter, compared to analysts’ expectations of $107.11 million. During the same quarter last year, the firm earned $0.61 earnings per share. Equities research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, March 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. Sixth Street Specialty Lending’s payout ratio is presently 101.66%.

Analyst Ratings Changes

Several equities analysts recently commented on TSLX shares. Wells Fargo & Company decreased their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. JPMorgan Chase & Co. dropped their target price on shares of Sixth Street Specialty Lending from $21.00 to $18.50 and set a “neutral” rating on the stock in a research report on Friday. Citizens Jmp restated a “market outperform” rating and set a $25.00 price target on shares of Sixth Street Specialty Lending in a research note on Wednesday, February 18th. Keefe, Bruyette & Woods decreased their price target on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Finally, Weiss Ratings downgraded shares of Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Moderate Buy” and an average target price of $21.94.

Institutional Trading of Sixth Street Specialty Lending

A number of hedge funds have recently modified their holdings of TSLX. Chicago Partners Investment Group LLC raised its position in 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 acquiring an additional 505 shares in the last quarter. Lido Advisors LLC lifted its holdings in Sixth Street Specialty Lending by 1.2% in the fourth quarter. Lido Advisors LLC now owns 42,172 shares of the financial services provider’s stock valued at $958,000 after acquiring an additional 506 shares during the period. Stratos Wealth Partners LTD. boosted its position in Sixth Street Specialty Lending by 5.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 10,047 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 532 shares in the last quarter. IFG Advisory LLC boosted its position in Sixth Street Specialty Lending by 2.7% in the 3rd quarter. IFG Advisory LLC now owns 21,159 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 551 shares in the last quarter. Finally, Family Wealth Partners LLC grew its stake in shares of Sixth Street Specialty Lending by 2.5% during the 4th quarter. Family Wealth Partners LLC now owns 24,867 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 602 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Company 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.