Aberdeen Group plc Trims Stake in Sixth Street Specialty Lending, Inc. $TSLX

Aberdeen Group plc lowered its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,237 shares of the financial services provider’s stock after selling 7,443 shares during the period. Aberdeen Group plc owned 0.13% of Sixth Street Specialty Lending worth $2,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Columbus Macro LLC boosted its position in Sixth Street Specialty Lending by 12.4% during the second quarter. Columbus Macro LLC now owns 437,561 shares of the financial services provider’s stock worth $10,418,000 after acquiring an additional 48,289 shares during the last quarter. Ignite Planners LLC boosted its holdings in shares of Sixth Street Specialty Lending by 54.1% during the second quarter. Ignite Planners LLC now owns 71,431 shares of the financial services provider’s stock worth $1,771,000 after purchasing an additional 25,082 shares during the last quarter. Grimes & Company Inc. acquired a new stake in shares of Sixth Street Specialty Lending during the second quarter worth $290,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Sixth Street Specialty Lending by 66.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,050 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 6,031 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. increased its stake in Sixth Street Specialty Lending by 4.5% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 24,084 shares of the financial services provider’s stock valued at $573,000 after purchasing an additional 1,038 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock opened at $21.52 on Friday. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 10.71 and a beta of 0.85. Sixth Street Specialty Lending, Inc. has a one year low of $18.58 and a one year high of $25.17. The company’s 50-day simple moving average is $23.38 and its 200-day simple moving average is $22.86. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $115.00 million for the quarter, compared to analysts’ expectations of $110.42 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.During the same quarter in the prior year, the firm posted $0.58 earnings per share. Equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 91.54%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $24.00 price target on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, October 8th. JMP Securities boosted their target price on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. Finally, Wells Fargo & Company upped their price target on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Sixth Street Specialty Lending presently has an average rating of “Moderate Buy” and an average target price of $23.56.

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.