Sixth Street Specialty Lending, Inc. $TSLX Shares Acquired by RMR Capital Management LLC

RMR Capital Management LLC raised its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 27.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 252,808 shares of the financial services provider’s stock after purchasing an additional 55,090 shares during the period. Sixth Street Specialty Lending accounts for approximately 3.4% of RMR Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. RMR Capital Management LLC owned approximately 0.27% of Sixth Street Specialty Lending worth $4,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in shares of Sixth Street Specialty Lending in the first quarter valued at about $63,000. Advisory Services Network LLC bought a new stake in Sixth Street Specialty Lending in the third quarter valued at approximately $75,000. Redmont Wealth Advisors LLC increased its position in Sixth Street Specialty Lending by 37.8% during the 4th quarter. Redmont Wealth Advisors LLC now owns 4,776 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 1,310 shares during the period. SG Americas Securities LLC acquired a new stake in Sixth Street Specialty Lending during the 4th quarter valued at approximately $108,000. Finally, Arax Advisory Partners bought a new position in Sixth Street Specialty Lending during the 4th quarter worth approximately $109,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TSLX. Keefe, Bruyette & Woods dropped their price target on shares of Sixth Street Specialty Lending from $21.00 to $18.50 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Truist Financial decreased their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Wall Street Zen downgraded Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Citizens Jmp lowered their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and an average price target of $19.67.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock opened at $17.29 on Friday. The firm has a 50 day moving average of $17.09 and a 200-day moving average of $18.41. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 15.03 and a beta of 0.59. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending, Inc. has a 52 week low of $16.04 and a 52 week high of $24.79.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.07). The company had revenue of $93.40 million for the quarter, compared to the consensus estimate of $103.14 million. Sixth Street Specialty Lending had a return on equity of 11.92% and a net margin of 25.25%.During the same period in the prior year, the company earned $0.58 earnings per share. On average, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 1.71 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.42 per share. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. This represents a $1.68 annualized dividend and a dividend yield of 9.7%. The ex-dividend date was Monday, June 15th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 146.09%.

Insider Activity

In other news, VP Ross Anthony Bruck bought 8,000 shares of Sixth Street Specialty Lending stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $17.76 per share, for a total transaction of $142,080.00. Following the purchase, the vice president directly owned 18,250 shares in the company, valued at approximately $324,120. This represents a 78.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.83% of the stock is owned by company insiders.

About Sixth Street Specialty Lending

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.