Lifetime Wealth Management P.C. Invests $1.74 Million in Sixth Street Specialty Lending, Inc. $TSLX

Lifetime Wealth Management P.C. acquired a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 101,444 shares of the financial services provider’s stock, valued at approximately $1,742,000. Sixth Street Specialty Lending comprises about 1.0% of Lifetime Wealth Management P.C.’s holdings, making the stock its 25th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantum Portfolio Management LLC acquired a new position in Sixth Street Specialty Lending during the first quarter worth $273,434,000. Strs Ohio raised its position in Sixth Street Specialty Lending by 101.8% during the first quarter. Strs Ohio now owns 4,347,710 shares of the financial services provider’s stock worth $79,911,000 after acquiring an additional 2,193,551 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Sixth Street Specialty Lending by 2.4% in the first quarter. Sound Income Strategies LLC now owns 2,571,052 shares of the financial services provider’s stock valued at $46,562,000 after acquiring an additional 59,937 shares during the last quarter. Progeny 3 Inc. lifted its stake in Sixth Street Specialty Lending by 1.0% in the second quarter. Progeny 3 Inc. now owns 2,476,398 shares of the financial services provider’s stock valued at $58,963,000 after acquiring an additional 23,451 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Sixth Street Specialty Lending by 419.5% in the 4th quarter. Bank of Montreal Can now owns 2,284,920 shares of the financial services provider’s stock valued at $49,628,000 after acquiring an additional 1,845,088 shares during the period. 70.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Wells Fargo & Company lowered their price target on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Keefe, Bruyette & Woods upped their price objective on Sixth Street Specialty Lending from $18.50 to $19.50 and gave the company an “outperform” rating in a research note on Monday, August 10th. Zacks Research raised Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen raised Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.83.

Sixth Street Specialty Lending Trading Down 0.4%

Shares of TSLX stock opened at $18.74 on Friday. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $16.04 and a fifty-two week high of $24.79. The company has a debt-to-equity ratio of 1.24, a quick ratio of 9.83 and a current ratio of 9.83. The stock has a 50 day simple moving average of $17.67 and a two-hundred day simple moving average of $17.96. The company has a market cap of $1.78 billion, a P/E ratio of 19.73 and a beta of 0.59.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.The business had revenue of $97.84 million for the quarter, compared to analyst estimates of $95.28 million. During the same period last year, the company posted $0.56 earnings per share. Research analysts forecast that Sixth Street Specialty Lending, Inc. will post 1.74 earnings per share for the current year.

Sixth Street Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.68 annualized dividend and a dividend yield of 9.0%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 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.