FJ Capital Management LLC Invests $804,000 in Sixth Street Specialty Lending, Inc. $TSLX

FJ Capital Management LLC acquired a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,944 shares of the financial services provider’s stock, valued at approximately $804,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in Sixth Street Specialty Lending during the 4th quarter valued at approximately $27,000. AdvisorNet Financial Inc acquired a new position in Sixth Street Specialty Lending during the 1st quarter valued at approximately $40,000. Rossby Financial LCC acquired a new position in Sixth Street Specialty Lending during the 1st quarter valued at approximately $62,000. Redmont Wealth Advisors LLC acquired a new position in Sixth Street Specialty Lending during the 1st quarter valued at approximately $97,000. Finally, SVB Wealth LLC acquired a new position in Sixth Street Specialty Lending during the 1st quarter valued at approximately $107,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TSLX. JMP Securities boosted their price objective on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. B. Riley began coverage on Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They set a “buy” rating and a $23.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $23.28.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX opened at $24.51 on Monday. The stock has a fifty day moving average price of $24.10 and a two-hundred day moving average price of $22.77. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79. The firm has a market cap of $2.31 billion, a P/E ratio of 12.19 and a beta of 0.85. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.58 and a 1 year high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $115.00 million during the quarter, compared to analyst estimates of $110.42 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.During the same period last year, the company posted $0.58 EPS. Research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 91.54%.

Sixth Street Specialty Lending Profile

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.