42,458 Shares in Sixth Street Specialty Lending, Inc. $TSLX Purchased by Diversify Advisory Services LLC

Diversify Advisory Services LLC purchased a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 42,458 shares of the financial services provider’s stock, valued at approximately $727,000.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in Sixth Street Specialty Lending during the 1st quarter worth approximately $63,000. Advisory Services Network LLC bought a new position in shares of Sixth Street Specialty Lending in the third quarter valued at approximately $75,000. Redmont Wealth Advisors LLC boosted its position in shares of Sixth Street Specialty Lending by 37.8% during the fourth quarter. Redmont Wealth Advisors LLC now owns 4,776 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,310 shares during the last quarter. Arax Advisory Partners purchased a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $109,000. Finally, North Star Investment Management Corp. bought a new stake in Sixth Street Specialty Lending during the first quarter worth $111,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TSLX. JPMorgan Chase & Co. lowered their price target on Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Sixth Street Specialty Lending from $18.50 to $19.50 and gave the stock an “outperform” rating in a report on Monday, August 10th. Wall Street Zen upgraded shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sixth Street Specialty Lending in a report on Thursday, August 13th. Finally, Zacks Research upgraded shares of Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and a consensus target price of $19.83.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $18.78 on Friday. The company has a market capitalization of $1.78 billion, a PE ratio of 19.77 and a beta of 0.59. The company has a quick ratio of 9.83, a current ratio of 9.83 and a debt-to-equity ratio of 1.24. The stock’s 50 day moving average price is $17.44 and its 200-day moving average price is $18.02. Sixth Street Specialty Lending, Inc. has a twelve month low of $16.04 and a twelve month high of $24.79.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $97.84 million during the quarter, compared to the consensus estimate of $95.28 million. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.During the same period last year, the business posted $0.56 earnings per share. On average, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 1.74 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Tuesday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio is 176.84%.

Sixth Street Specialty Lending 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.