Barnett & Company Inc. Acquires 1,300 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Barnett & Company Inc. raised its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,050 shares of the financial services provider’s stock after purchasing an additional 1,300 shares during the quarter. Barnett & Company Inc.’s holdings in Sixth Street Specialty Lending were worth $596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TSLX. SG Americas Securities LLC bought a new stake in Sixth Street Specialty Lending during the 1st quarter valued at $552,000. Private Advisor Group LLC boosted its holdings in Sixth Street Specialty Lending by 26.8% in the 3rd quarter. Private Advisor Group LLC now owns 25,503 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 5,398 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Sixth Street Specialty Lending by 5.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 572,480 shares of the financial services provider’s stock worth $12,222,000 after purchasing an additional 29,365 shares during the last quarter. Legacy Capital Wealth Partners LLC raised its stake in Sixth Street Specialty Lending by 98.6% in the third quarter. Legacy Capital Wealth Partners LLC now owns 144,698 shares of the financial services provider’s stock valued at $2,971,000 after purchasing an additional 71,849 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Sixth Street Specialty Lending by 6.6% during the third quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider’s stock valued at $47,117,000 after purchasing an additional 141,463 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on TSLX. Wells Fargo & Company reduced their target price on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods decreased their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday. Finally, LADENBURG THALM/SH SH raised shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $22.00.

Sixth Street Specialty Lending Trading Up 0.4 %

TSLX traded up $0.08 on Tuesday, hitting $20.46. 104,699 shares of the company were exchanged, compared to its average volume of 350,654. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.90 and a current ratio of 2.50. Sixth Street Specialty Lending, Inc. has a 12 month low of $19.50 and a 12 month high of $22.35. The firm has a fifty day simple moving average of $20.64 and a two-hundred day simple moving average of $21.06. The stock has a market capitalization of $1.91 billion, a PE ratio of 9.91 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The company had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. During the same quarter in the previous year, the business earned $0.60 EPS. Sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.05 dividend. This represents a yield of 9.1%. The ex-dividend date of this dividend is Friday, November 29th. Sixth Street Specialty Lending’s payout ratio is 89.32%.

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.