Pallas Capital Advisors LLC Has $1.50 Million Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Pallas Capital Advisors LLC reduced its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 13.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,386 shares of the financial services provider’s stock after selling 10,894 shares during the period. Pallas Capital Advisors LLC’s holdings in Sixth Street Specialty Lending were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in Sixth Street Specialty Lending in the 1st quarter valued at about $35,000. nVerses Capital LLC acquired a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at approximately $70,000. Ridgewood Investments LLC bought a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at approximately $77,000. Future Financial Wealth Managment LLC acquired a new stake in Sixth Street Specialty Lending during the third quarter worth approximately $86,000. Finally, Atlas Capital Advisors LLC bought a new position in Sixth Street Specialty Lending during the 2nd quarter worth $109,000. 70.25% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Judy S. Slotkin acquired 7,015 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $19.90 per share, for a total transaction of $139,598.50. Following the transaction, the director now directly owns 18,726 shares in the company, valued at $372,647.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Sixth Street Specialty Lending Trading Down 0.6 %

Shares of TSLX opened at $20.44 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.90 and a current ratio of 1.90. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.14 and a 52-week high of $22.35. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 8.24 and a beta of 1.06. The business’s fifty day moving average is $20.78 and its 200-day moving average is $21.10.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $121.82 million for the quarter, compared to analysts’ expectations of $120.33 million. Sixth Street Specialty Lending had a return on equity of 13.76% and a net margin of 44.55%. During the same quarter in the previous year, the business posted $0.58 earnings per share. Equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TSLX shares. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th. Wells Fargo & Company cut their price objective on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.42.

About Sixth Street Specialty Lending

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.