Sixth Street Specialty Lending, Inc. $TSLX Shares Sold by Strs Ohio

Strs Ohio lowered its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 10.8% during the second quarter, Holdings Channel.com reports. The fund owned 3,176,606 shares of the financial services provider’s stock after selling 384,516 shares during the quarter. Strs Ohio’s holdings in Sixth Street Specialty Lending were worth $75,635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLX. Rossby Financial LCC acquired a new position in Sixth Street Specialty Lending in the first quarter valued at $62,000. Redmont Wealth Advisors LLC purchased a new position in Sixth Street Specialty Lending in the first quarter valued at about $97,000. SVB Wealth LLC purchased a new position in Sixth Street Specialty Lending in the first quarter valued at about $107,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Sixth Street Specialty Lending in the first quarter valued at about $117,000. Finally, Silver Oak Securities Incorporated purchased a new position in Sixth Street Specialty Lending in the first quarter valued at about $182,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Down 0.4%

Shares of NYSE TSLX 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 firm has a market cap of $2.15 billion, a price-to-earnings ratio of 11.33 and a beta of 0.85. 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 stock’s 50-day simple moving average is $23.09 and its 200-day simple moving average is $23.01.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $115.00 million for 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 in the previous year, the company earned $0.58 earnings per share. As a group, equities analysts anticipate 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 disclosed a — dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.46 dividend. This is an increase from Sixth Street Specialty Lending’s previous — dividend of $0.06. This represents a yield of 770.0%. The ex-dividend date of this dividend was Monday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio is presently 91.54%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TSLX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 8th. JMP Securities raised 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. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $24.00 price objective on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company lifted their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock 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 two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.56.

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.