Muzinich & Co. Inc. Has $14.49 Million Stock Position in Sixth Street Specialty Lending, Inc. $TSLX

Muzinich & Co. Inc. raised its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 35.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 608,616 shares of the financial services provider’s stock after buying an additional 158,474 shares during the period. Sixth Street Specialty Lending comprises 6.3% of Muzinich & Co. Inc.’s holdings, making the stock its 7th biggest holding. Muzinich & Co. Inc.’s holdings in Sixth Street Specialty Lending were worth $14,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Mirador Capital Partners LP boosted its position in Sixth Street Specialty Lending by 4.4% in the 2nd quarter. Mirador Capital Partners LP now owns 21,920 shares of the financial services provider’s stock valued at $522,000 after buying an additional 919 shares during the period. Union Bancaire Privee UBP SA boosted its position 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 buying an additional 935 shares during the period. Barnett & Company Inc. boosted its position in Sixth Street Specialty Lending by 3.4% in the 1st quarter. Barnett & Company Inc. now owns 30,050 shares of the financial services provider’s stock valued at $673,000 after buying an additional 1,000 shares during the period. Generali Investments CEE investicni spolecnost a.s. boosted its position in Sixth Street Specialty Lending by 4.5% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 24,084 shares of the financial services provider’s stock valued at $573,000 after buying an additional 1,038 shares during the period. Finally, Riverbridge Partners LLC boosted its position in Sixth Street Specialty Lending by 3.4% in the 2nd quarter. Riverbridge Partners LLC now owns 48,835 shares of the financial services provider’s stock valued at $1,163,000 after buying an additional 1,592 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TSLX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, October 8th. Wells Fargo & Company upped their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. JMP Securities upped their target price on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 6th. Finally, 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. One equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.56.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock opened at $22.77 on Thursday. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $25.17. The stock’s 50-day moving average is $23.09 and its 200 day moving average is $23.01. The company has a market cap of $2.15 billion, a P/E ratio of 11.33 and a beta of 0.85. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79.

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

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a — dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, September 15th. This is a positive change from Sixth Street Specialty Lending’s previous — dividend of $0.06. This represents a dividend yield of 770.0%. Sixth Street Specialty Lending’s payout ratio is currently 91.54%.

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.