Dearborn Partners LLC Buys New Shares in Sixth Street Specialty Lending, Inc. $TSLX

Dearborn Partners LLC purchased a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,508 shares of the financial services provider’s stock, valued at approximately $928,000.

Other institutional investors have also recently made changes to their positions in the company. Quantum Portfolio Management LLC purchased a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $273,434,000. Strs Ohio increased its holdings in Sixth Street Specialty Lending by 101.8% in the 1st quarter. Strs Ohio now owns 4,347,710 shares of the financial services provider’s stock worth $79,911,000 after acquiring an additional 2,193,551 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Sixth Street Specialty Lending in the 2nd quarter worth approximately $34,552,000. Bank of Montreal Can raised its stake in Sixth Street Specialty Lending by 419.5% during the 4th quarter. Bank of Montreal Can now owns 2,284,920 shares of the financial services provider’s stock worth $49,628,000 after acquiring an additional 1,845,088 shares during the period. Finally, Advisors Capital Management LLC bought a new stake in Sixth Street Specialty Lending during the 2nd quarter worth approximately $14,837,000. Institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLX has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sixth Street Specialty Lending in a research report on Thursday, August 13th. Truist Financial reduced their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Zacks Research upgraded shares of Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada lowered their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Finally, Wells Fargo & Company dropped their target price on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.83.

Sixth Street Specialty Lending Stock Up 0.7%

Shares of TSLX opened at $18.92 on Tuesday. The business’s 50 day moving average is $17.53 and its 200 day moving average is $17.99. The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 1.24. Sixth Street Specialty Lending, Inc. has a 12-month low of $16.04 and a 12-month high of $24.79. The company has a market capitalization of $1.80 billion, a PE ratio of 19.91 and a beta of 0.59.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.The business had revenue of $97.84 million during the quarter, compared to the consensus estimate of $95.28 million. During the same period in the prior year, the company posted $0.56 EPS. Research analysts expect that Sixth Street Specialty Lending, Inc. will post 1.74 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Sixth Street Specialty Lending’s payout ratio is 176.84%.

About Sixth Street Specialty Lending

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.