Insider Buying: Sixth Street Specialty Lending, Inc. (NYSE:TSLX) CFO Buys $10,495.00 in Stock

Sixth Street Specialty Lending, Inc. (NYSE:TSLXGet Rating) CFO Ian Simmonds purchased 500 shares of the stock in a transaction dated Monday, May 9th. The shares were purchased at an average cost of $20.99 per share, for a total transaction of $10,495.00. Following the completion of the acquisition, the chief financial officer now directly owns 4,306 shares in the company, valued at $90,382.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of TSLX stock opened at $21.33 on Friday. Sixth Street Specialty Lending, Inc. has a 52-week low of $20.69 and a 52-week high of $24.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $1.63 billion, a PE ratio of 8.46 and a beta of 1.08. The stock has a fifty day simple moving average of $22.75 and a two-hundred day simple moving average of $23.33.

Sixth Street Specialty Lending (NYSE:TSLXGet Rating) last issued its quarterly earnings results on Thursday, February 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. Sixth Street Specialty Lending had a return on equity of 12.41% and a net margin of 70.06%. The business had revenue of $78.32 million during the quarter, compared to analyst estimates of $69.02 million. During the same quarter in the prior year, the business posted $0.50 EPS. On average, sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Wednesday, June 15th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.64 dividend on an annualized basis and a yield of 7.69%. Sixth Street Specialty Lending’s payout ratio is presently 65.08%.

Several research firms have recently commented on TSLX. StockNews.com began coverage on Sixth Street Specialty Lending in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Finally, Wells Fargo & Company upped their price objective on Sixth Street Specialty Lending from $24.50 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of “Hold” and an average target price of $25.38.

A number of hedge funds have recently modified their holdings of TSLX. Amundi Pioneer Asset Management Inc. grew its position in shares of Sixth Street Specialty Lending by 152.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 36,550 shares of the financial services provider’s stock valued at $731,000 after purchasing an additional 22,050 shares in the last quarter. Morgan Stanley grew its position in shares of Sixth Street Specialty Lending by 12.5% during the second quarter. Morgan Stanley now owns 2,034,545 shares of the financial services provider’s stock valued at $45,147,000 after purchasing an additional 225,662 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Sixth Street Specialty Lending by 6.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 14,842 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 875 shares in the last quarter. Deutsche Bank AG grew its position in shares of Sixth Street Specialty Lending by 146,887.5% during the third quarter. Deutsche Bank AG now owns 11,759 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 11,751 shares in the last quarter. Finally, Truist Financial Corp grew its position in shares of Sixth Street Specialty Lending by 10.3% during the third quarter. Truist Financial Corp now owns 41,358 shares of the financial services provider’s stock valued at $919,000 after purchasing an additional 3,860 shares in the last quarter. Institutional investors and hedge funds own 47.04% of the company’s stock.

Sixth Street Specialty Lending Company Profile (Get Rating)

Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.

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