30,881 Shares in Sixth Street Specialty Lending, Inc. $TSLX Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,881 shares of the financial services provider’s stock, valued at approximately $530,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp purchased a new position in Sixth Street Specialty Lending in the first quarter worth $63,000. Advisory Services Network LLC purchased a new stake in shares of Sixth Street Specialty Lending during the 3rd quarter valued at $75,000. Redmont Wealth Advisors LLC lifted its holdings in shares of Sixth Street Specialty Lending by 37.8% during the 4th quarter. Redmont Wealth Advisors LLC now owns 4,776 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 1,310 shares during the last quarter. Arax Advisory Partners purchased a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at $109,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Sixth Street Specialty Lending in the 1st quarter worth $111,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TSLX shares. Zacks Research upgraded Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Wall Street Zen upgraded Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Citizens Jmp lowered their price target on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Sixth Street Specialty Lending in a research note on Thursday, August 13th. Finally, Wells Fargo & Company cut their price objective on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.83.

Sixth Street Specialty Lending Trading Up 1.2%

NYSE:TSLX opened at $18.76 on Thursday. The company has a market capitalization of $1.78 billion, a P/E ratio of 19.75 and a beta of 0.59. The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 1.24. Sixth Street Specialty Lending, Inc. has a 12 month low of $16.04 and a 12 month high of $24.79. The firm has a fifty day simple moving average of $17.41 and a 200-day simple moving average of $18.05.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $97.84 million for the quarter, compared to the consensus estimate of $95.28 million. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.During the same period in the prior year, the firm earned $0.56 EPS. On average, equities research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 1.73 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 9.0%. The ex-dividend date is Tuesday, September 15th. Sixth Street Specialty Lending’s payout ratio is presently 176.84%.

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.