Waterloo Capital L.P. Acquires 31,992 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Waterloo Capital L.P. grew its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 29.5% during the 4th quarter, HoldingsChannel reports. The firm owned 140,396 shares of the financial services provider’s stock after purchasing an additional 31,992 shares during the quarter. Waterloo Capital L.P.’s holdings in Sixth Street Specialty Lending were worth $3,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Texas Yale Capital Corp. increased its stake in shares of Sixth Street Specialty Lending by 3.9% in the 4th quarter. Texas Yale Capital Corp. now owns 36,876 shares of the financial services provider’s stock valued at $801,000 after purchasing an additional 1,376 shares during the last quarter. Pasadena Private Wealth LLC boosted its holdings in shares of Sixth Street Specialty Lending by 42.1% during the 4th quarter. Pasadena Private Wealth LLC now owns 12,789 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 3,789 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at $118,000. Legal & General Group Plc boosted its holdings in shares of Sixth Street Specialty Lending by 16.0% during the 4th quarter. Legal & General Group Plc now owns 665,352 shares of the financial services provider’s stock valued at $14,455,000 after acquiring an additional 91,578 shares in the last quarter. Finally, Ignite Planners LLC boosted its holdings in shares of Sixth Street Specialty Lending by 47.3% during the 4th quarter. Ignite Planners LLC now owns 102,317 shares of the financial services provider’s stock valued at $2,246,000 after acquiring an additional 32,850 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Insider Activity

In other Sixth Street Specialty Lending news, VP Alan Waxman acquired 200,000 shares of the stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of $18.18 per share, with a total value of $3,636,000.00. Following the transaction, the vice president owned 500,000 shares in the company, valued at approximately $9,090,000. The trade was a 66.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Ross Anthony Bruck acquired 8,000 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $17.76 per share, with a total value of $142,080.00. Following the completion of the transaction, the vice president owned 18,250 shares in the company, valued at approximately $324,120. This represents a 78.05% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 553,000 shares of company stock valued at $10,139,230. Corporate insiders own 3.83% of the company’s stock.

Analysts Set New Price Targets

TSLX has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Citizens Jmp cut their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen downgraded Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Royal Bank Of Canada cut their target price on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. cut their target price on Sixth Street Specialty Lending from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Sixth Street Specialty Lending currently has an average rating of “Moderate Buy” and an average price target of $19.83.

Sixth Street Specialty Lending Stock Performance

TSLX stock opened at $17.27 on Friday. The stock has a 50-day moving average price of $18.14 and a 200-day moving average price of $19.85. Sixth Street Specialty Lending, Inc. has a 1-year low of $16.96 and a 1-year high of $25.17. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 1.17. The firm has a market cap of $1.64 billion, a PE ratio of 15.02 and a beta of 0.65.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.07). Sixth Street Specialty Lending had a return on equity of 11.92% and a net margin of 25.25%.The business had revenue of $93.40 million during the quarter, compared to the consensus estimate of $103.14 million. During the same period last year, the business posted $0.58 earnings per share. As a group, equities research analysts expect that Sixth Street Specialty Lending, Inc. will post 1.71 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.42 dividend. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.68 annualized dividend and a dividend yield of 9.7%. Sixth Street Specialty Lending’s dividend payout ratio is 160.00%.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.