Sixth Street Specialty Lending, Inc. (TSLX) To Go Ex-Dividend on March 16th

Sixth Street Specialty Lending, Inc. (NYSE:TSLX) announced a quarterly dividend on Thursday, February 12th. Investors of record on Monday, March 16th will be given a dividend of 0.01 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, March 16th.

Sixth Street Specialty Lending has raised its dividend payment by an average of 0.0%per year over the last three years. Sixth Street Specialty Lending has a dividend payout ratio of 82.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Sixth Street Specialty Lending to earn $2.16 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 85.2%.

Sixth Street Specialty Lending Stock Down 4.4%

Shares of NYSE TSLX opened at $19.24 on Friday. The business has a 50-day simple moving average of $21.64 and a two-hundred day simple moving average of $22.42. Sixth Street Specialty Lending has a 52 week low of $18.58 and a 52 week high of $25.17. The company has a market cap of $1.82 billion, a P/E ratio of 10.63 and a beta of 0.70. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.13.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $108.25 million during the quarter, compared to analyst estimates of $107.11 million. Sixth Street Specialty Lending had a net margin of 37.99% and a return on equity of 12.70%. During the same period last year, the business earned $0.61 earnings per share. Research analysts anticipate that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Sixth Street Specialty Lending

In related news, CEO Robert J. Stanley bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average cost of $20.85 per share, for a total transaction of $208,500.00. Following the acquisition, the chief executive officer directly owned 24,907 shares of the company’s stock, valued at $519,310.95. The trade was a 67.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.22% of the company’s stock.

Institutional Investors Weigh In On Sixth Street Specialty Lending

A number of large investors have recently made changes to their positions in TSLX. Harbor Investment Advisory LLC increased its holdings in shares of Sixth Street Specialty Lending by 673.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,508 shares in the last quarter. MTM Investment Management LLC bought a new stake in shares of Sixth Street Specialty Lending in the second quarter worth approximately $49,000. Advisory Services Network LLC purchased a new position in shares of Sixth Street Specialty Lending during the third quarter valued at approximately $75,000. Redmont Wealth Advisors LLC purchased a new stake in Sixth Street Specialty Lending in the third quarter worth approximately $79,000. Finally, First Horizon Advisors Inc. grew its position in Sixth Street Specialty Lending by 74.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 1,753 shares during the period. 70.25% of the stock is currently owned by institutional investors.

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.