3,561,122 Shares in Sixth Street Specialty Lending, Inc. $TSLX Bought by Strs Ohio

Strs Ohio purchased a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,561,122 shares of the financial services provider’s stock, valued at approximately $79,698,000. Strs Ohio owned approximately 3.79% of Sixth Street Specialty Lending as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SCS Capital Management LLC purchased a new stake in Sixth Street Specialty Lending during the 1st quarter valued at about $13,545,000. Gilman Hill Asset Management LLC increased its position in Sixth Street Specialty Lending by 382.4% during the 1st quarter. Gilman Hill Asset Management LLC now owns 446,976 shares of the financial services provider’s stock valued at $10,003,000 after buying an additional 354,320 shares in the last quarter. Allen Investment Management LLC increased its holdings in shares of Sixth Street Specialty Lending by 24.4% in the 1st quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider’s stock worth $32,114,000 after purchasing an additional 281,339 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter worth $4,156,000. Finally, Round Rock Advisors LLC boosted its stake in shares of Sixth Street Specialty Lending by 226.7% in the 1st quarter. Round Rock Advisors LLC now owns 274,483 shares of the financial services provider’s stock worth $6,143,000 after buying an additional 190,469 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Stock Down 0.3%

Shares of NYSE TSLX opened at $24.41 on Thursday. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.58 and a 1 year high of $25.17. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79. The company has a 50 day simple moving average of $24.27 and a 200-day simple moving average of $22.86. The company has a market capitalization of $2.30 billion, a P/E ratio of 12.14 and a beta of 0.85.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. The firm had revenue of $115.00 million during the quarter, compared to analysts’ expectations of $110.42 million. During the same period in the previous year, the company earned $0.58 earnings per share. On average, equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. Sixth Street Specialty Lending’s dividend payout ratio is presently 91.54%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TSLX. Wells Fargo & Company lifted their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. JMP Securities upped their target price on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Sixth Street Specialty Lending has an average rating of “Buy” and an average price target of $23.28.

Sixth Street Specialty Lending Company Profile

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.