11,138 Shares in Sixth Street Specialty Lending, Inc. $TSLX Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC acquired a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,138 shares of the financial services provider’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also bought and sold shares of TSLX. Strs Ohio purchased a new position in Sixth Street Specialty Lending in the first quarter worth about $79,698,000. SCS Capital Management LLC purchased a new position in Sixth Street Specialty Lending in the first quarter worth about $13,545,000. Allen Investment Management LLC boosted its position in Sixth Street Specialty Lending by 24.4% in the first 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 during the last quarter. Round Rock Advisors LLC boosted its position in Sixth Street Specialty Lending by 226.7% in the first quarter. Round Rock Advisors LLC now owns 274,483 shares of the financial services provider’s stock worth $6,143,000 after purchasing an additional 190,469 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its position in Sixth Street Specialty Lending by 7.0% in the first quarter. Burgundy Asset Management Ltd. now owns 2,347,046 shares of the financial services provider’s stock worth $52,527,000 after purchasing an additional 154,560 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Up 1.1%

TSLX stock opened at $21.52 on Monday. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $25.17. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.07. The stock has a market cap of $2.03 billion, a P/E ratio of 10.71 and a beta of 0.85. The business’s 50-day moving average price is $23.38 and its 200-day moving average price is $22.87.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data 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 return on equity of 13.47% and a net margin of 39.56%.The firm had revenue of $115.00 million for the quarter, compared to analysts’ expectations of $110.42 million. During the same period in the previous year, the firm earned $0.58 EPS. On average, equities research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

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

Wall Street Analysts Forecast Growth

TSLX has been the topic of several research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $24.00 target price on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. JMP Securities raised their target price on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.56.

Sixth Street Specialty Lending 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.