Sixth Street Specialty Lending, Inc. $TSLX Position Increased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,702 shares of the financial services provider’s stock after buying an additional 6,176 shares during the quarter. D.A. Davidson & CO.’s holdings in Sixth Street Specialty Lending were worth $4,279,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Mallini Complete Financial Planning LLC lifted its stake in Sixth Street Specialty Lending by 4.5% during the first quarter. Mallini Complete Financial Planning LLC now owns 13,028 shares of the financial services provider’s stock valued at $292,000 after buying an additional 558 shares in the last quarter. Mirador Capital Partners LP lifted its position in shares of Sixth Street Specialty Lending by 4.4% in the second quarter. Mirador Capital Partners LP now owns 21,920 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 919 shares in the last quarter. Union Bancaire Privee UBP SA lifted its position in shares of Sixth Street Specialty Lending by 5.1% in the second quarter. Union Bancaire Privee UBP SA now owns 19,319 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 935 shares in the last quarter. Barnett & Company Inc. lifted its position in shares of Sixth Street Specialty Lending by 3.4% in the first quarter. Barnett & Company Inc. now owns 30,050 shares of the financial services provider’s stock worth $673,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. lifted its position in shares of 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 worth $573,000 after purchasing an additional 1,038 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on TSLX. JMP Securities increased their price target on shares of 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. Wells Fargo & Company increased their price target on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research report on Friday. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $24.00 price target on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.56.

Sixth Street Specialty Lending Trading Up 1.6%

NYSE:TSLX opened at $22.48 on Friday. The stock’s 50 day moving average price is $23.17 and its 200 day moving average price is $22.91. Sixth Street Specialty Lending, Inc. has a 52 week low of $18.58 and a 52 week high of $25.17. The company has a market capitalization of $2.12 billion, a P/E ratio of 11.18 and a beta of 0.85. 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 released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, topping 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 the consensus estimate of $110.42 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. On average, research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.05 dividend. The ex-dividend date 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 is currently 91.54%.

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.