Muzinich & Co. Inc. Raises Stock Holdings in Sixth Street Specialty Lending, Inc. $TSLX

Muzinich & Co. Inc. raised its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 22.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 746,958 shares of the financial services provider’s stock after purchasing an additional 138,342 shares during the period. Sixth Street Specialty Lending accounts for approximately 6.6% of Muzinich & Co. Inc.’s holdings, making the stock its 7th biggest position. Muzinich & Co. Inc. owned 0.79% of Sixth Street Specialty Lending worth $17,075,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Texas Yale Capital Corp. raised its stake in shares of Sixth Street Specialty Lending by 1.4% during the 2nd quarter. Texas Yale Capital Corp. now owns 35,500 shares of the financial services provider’s stock worth $845,000 after acquiring an additional 500 shares in the last quarter. Mirador Capital Partners LP increased its stake in shares of Sixth Street Specialty Lending by 4.4% during 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 raised its stake in Sixth Street Specialty Lending by 5.1% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 19,319 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 935 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. boosted its position in Sixth Street Specialty Lending by 4.5% during 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 acquiring an additional 1,038 shares during the last quarter. Finally, Ellsworth Advisors LLC increased its holdings in shares of Sixth Street Specialty Lending by 3.8% in the third quarter. Ellsworth Advisors LLC now owns 30,938 shares of the financial services provider’s stock valued at $677,000 after purchasing an additional 1,123 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TSLX. Royal Bank Of Canada reduced their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, December 24th. Wells Fargo & Company reduced their target price on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $24.00 target price on shares of Sixth Street Specialty Lending in a report on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. One 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, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and an average target price of $23.50.

Sixth Street Specialty Lending Stock Down 0.3%

TSLX opened at $21.64 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 4.73 and a current ratio of 4.73. The company has a market capitalization of $2.04 billion, a PE ratio of 10.61 and a beta of 0.70. The stock’s fifty day moving average is $21.82 and its 200-day moving average is $22.97. Sixth Street Specialty Lending, Inc. has a one year low of $18.58 and a one year high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. Sixth Street Specialty Lending had a net margin of 41.24% and a return on equity of 13.20%. The firm had revenue of $109.40 million for the quarter, compared to analysts’ expectations of $108.35 million. During the same period in the previous year, the business earned $0.57 earnings per share. On average, equities analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.03 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.12 annualized dividend and a yield of 0.6%. Sixth Street Specialty Lending’s payout ratio is 90.20%.

Insider Activity

In related news, CEO Robert J. Stanley purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average price of $20.85 per share, with a total value of $208,500.00. Following the purchase, the chief executive officer owned 24,907 shares of the company’s stock, valued at $519,310.95. This trade represents a 67.08% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.30% of the company’s stock.

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.