Strs Ohio Acquires 49,986 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Strs Ohio raised its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,154,159 shares of the financial services provider’s stock after buying an additional 49,986 shares during the period. Strs Ohio owned about 2.28% of Sixth Street Specialty Lending worth $46,788,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLX. Royal Bank of Canada raised its stake in Sixth Street Specialty Lending by 8.0% in the first quarter. Royal Bank of Canada now owns 124,241 shares of the financial services provider’s stock valued at $2,780,000 after buying an additional 9,230 shares during the period. Integrated Wealth Concepts LLC raised its stake in Sixth Street Specialty Lending by 38.5% in the first quarter. Integrated Wealth Concepts LLC now owns 16,539 shares of the financial services provider’s stock valued at $370,000 after buying an additional 4,597 shares during the period. Invesco Ltd. raised its stake in Sixth Street Specialty Lending by 8.0% in the second quarter. Invesco Ltd. now owns 30,628 shares of the financial services provider’s stock valued at $729,000 after buying an additional 2,263 shares during the period. Marshall Wace LLP increased its stake in shares of Sixth Street Specialty Lending by 186.6% during the second quarter. Marshall Wace LLP now owns 75,811 shares of the financial services provider’s stock worth $1,805,000 after purchasing an additional 49,362 shares during the period. Finally, Glenview Trust co bought a new position in shares of Sixth Street Specialty Lending during the second quarter worth approximately $231,000. Institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Truist Financial lowered their target price on Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lowered their target price on Sixth Street Specialty Lending from $21.00 to $18.50 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Citizens Jmp lowered their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 22nd. Wall Street Zen upgraded Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Keefe, Bruyette & Woods lowered their target price on Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.64.

Insider Transactions at Sixth Street Specialty Lending

In related news, VP Alan Waxman purchased 45,000 shares of Sixth Street Specialty Lending stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of $18.47 per share, with a total value of $831,150.00. Following the completion of the transaction, the vice president directly owned 545,000 shares of the company’s stock, valued at $10,066,150. This represents a 9.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 545,000 shares of company stock worth $9,997,150 over the last 90 days. Corporate insiders own 3.83% of the company’s stock.

Sixth Street Specialty Lending Trading Up 0.2%

Shares of NYSE:TSLX opened at $19.64 on Friday. The company has a market capitalization of $1.87 billion, a P/E ratio of 10.85 and a beta of 0.66. Sixth Street Specialty Lending, Inc. has a 1 year low of $16.99 and a 1 year high of $25.17. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.83 and a quick ratio of 2.83. The business’s 50 day simple moving average is $18.32 and its 200 day simple moving average is $20.45.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Thursday, February 12th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). The company had revenue of $108.25 million for the quarter, compared to analyst estimates of $107.11 million. Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.During the same period in the prior year, the company earned $0.61 EPS. On average, research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 1.97 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Sixth Street Specialty Lending’s dividend payout ratio is currently 101.66%.

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.