Sixth Street Specialty Lending, Inc. (NYSE:TSLX) is RMR Capital Management LLC’s 3rd Largest Position

RMR Capital Management LLC increased its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 55.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 244,172 shares of the financial services provider’s stock after purchasing an additional 87,394 shares during the period. Sixth Street Specialty Lending accounts for 3.8% of RMR Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. RMR Capital Management LLC owned about 0.26% of Sixth Street Specialty Lending worth $5,201,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Millennium Management LLC grew its position in Sixth Street Specialty Lending by 482.6% during the second quarter. Millennium Management LLC now owns 287,311 shares of the financial services provider’s stock valued at $6,134,000 after acquiring an additional 237,995 shares during the last quarter. Progeny 3 Inc. boosted its position in Sixth Street Specialty Lending by 10.6% during the third quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider’s stock valued at $46,249,000 after buying an additional 215,996 shares during the period. JPMorgan Chase & Co. boosted its holdings in Sixth Street Specialty Lending by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider’s stock valued at $24,131,000 after acquiring an additional 162,810 shares during the period. Benjamin Edwards Inc. increased its position in shares of Sixth Street Specialty Lending by 498.1% in the third quarter. Benjamin Edwards Inc. now owns 193,677 shares of the financial services provider’s stock valued at $3,976,000 after acquiring an additional 161,295 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Sixth Street Specialty Lending by 6.6% during the third quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider’s stock valued at $47,117,000 after buying an additional 141,463 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Price Performance

Shares of NYSE:TSLX opened at $22.07 on Thursday. Sixth Street Specialty Lending, Inc. has a twelve month low of $19.50 and a twelve month high of $22.28. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. The company has a market cap of $2.06 billion, a PE ratio of 10.71 and a beta of 1.05. The company’s 50 day moving average is $21.27 and its 200 day moving average is $20.92.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $119.22 million for the quarter, compared to analysts’ expectations of $119.85 million. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. During the same quarter last year, the company earned $0.60 EPS. On average, sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 7.59%. Sixth Street Specialty Lending’s dividend payout ratio is presently 89.32%.

Wall Street Analysts Forecast Growth

TSLX has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company boosted their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $22.33.

About Sixth Street Specialty Lending

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.