Sixth Street Specialty Lending, Inc. $TSLX Stock Position Increased by Riverbridge Partners LLC

Riverbridge Partners LLC boosted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 25.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 179,892 shares of the financial services provider’s stock after purchasing an additional 36,305 shares during the quarter. Riverbridge Partners LLC owned about 0.19% of Sixth Street Specialty Lending worth $3,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of Sixth Street Specialty Lending by 28.1% during the 2nd quarter. Van ECK Associates Corp now owns 2,366,266 shares of the financial services provider’s stock worth $40,629,000 after purchasing an additional 519,456 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Sixth Street Specialty Lending during the second quarter worth about $34,552,000. Callodine Capital Management LP raised its position in shares of Sixth Street Specialty Lending by 2.5% in the first quarter. Callodine Capital Management LP now owns 1,129,520 shares of the financial services provider’s stock valued at $20,761,000 after buying an additional 27,528 shares during the last quarter. Tectonic Advisors LLC raised its position in shares of Sixth Street Specialty Lending by 16.0% in the third quarter. Tectonic Advisors LLC now owns 980,705 shares of the financial services provider’s stock valued at $17,672,000 after buying an additional 135,502 shares during the last quarter. Finally, Rivernorth Capital Management LLC raised its position in shares of Sixth Street Specialty Lending by 233.2% in the second quarter. Rivernorth Capital Management LLC now owns 969,599 shares of the financial services provider’s stock valued at $16,648,000 after buying an additional 678,646 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSLX has been the topic of several recent analyst reports. B. Riley Financial reissued a “buy” rating and set a $19.00 price objective (down from $20.00) on shares of Sixth Street Specialty Lending in a research note on Friday, November 6th. Keefe, Bruyette & Woods lifted their target price on shares of Sixth Street Specialty Lending from $18.50 to $19.50 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Weiss Ratings cut shares of Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen upgraded Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.71.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX opened at $17.75 on Wednesday. The business’s 50-day moving average price is $17.73 and its 200 day moving average price is $18.11. Sixth Street Specialty Lending, Inc. has a twelve month low of $16.04 and a twelve month high of $22.84. The company has a market capitalization of $1.70 billion, a PE ratio of 21.13 and a beta of 0.61. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 1.21.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $98.96 million for the quarter, compared to analyst estimates of $97.59 million. Sixth Street Specialty Lending had a return on equity of 10.94% and a net margin of 19.81%. On average, research analysts predict that Sixth Street Specialty Lending, Inc. will post 1.74 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Tuesday, December 15th. Sixth Street Specialty Lending’s dividend payout ratio is presently 200.00%.

Sixth Street Specialty Lending Profile

Sixth Street Specialty Lending, Inc. is a business development company that provides customized financing to middle-market companies. Its investment strategy focuses on privately negotiated loans and other investments in businesses across a range of industries. The company’s investments include senior secured first-lien loans, unitranche and second-lien loans, and, in some cases, mezzanine debt and equity. It primarily serves companies in the United States, including both sponsor-backed and non-sponsor-backed businesses.