Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stock Position Increased by Register Financial Advisors LLC

Register Financial Advisors LLC lifted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 15.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,574 shares of the financial services provider’s stock after purchasing an additional 1,018 shares during the period. Register Financial Advisors LLC’s holdings in Sixth Street Specialty Lending were worth $162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TSLX. Strs Ohio grew its holdings in shares of Sixth Street Specialty Lending by 2.6% during the fourth quarter. Strs Ohio now owns 3,134,865 shares of the financial services provider’s stock valued at $67,713,000 after buying an additional 79,180 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Sixth Street Specialty Lending by 4.0% during the first quarter. Sound Income Strategies LLC now owns 2,070,259 shares of the financial services provider’s stock valued at $44,366,000 after buying an additional 80,581 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of Sixth Street Specialty Lending by 3.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,057,960 shares of the financial services provider’s stock valued at $44,452,000 after buying an additional 63,281 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Sixth Street Specialty Lending by 11.0% during the fourth quarter. Van ECK Associates Corp now owns 1,604,944 shares of the financial services provider’s stock valued at $34,667,000 after buying an additional 158,746 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of Sixth Street Specialty Lending by 20.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,200,000 shares of the financial services provider’s stock valued at $25,920,000 after buying an additional 200,000 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $21.35 on Friday. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.61 and a beta of 1.04. The business has a 50-day moving average of $21.44 and a 200-day moving average of $21.40. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.03 and a quick ratio of 2.03. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $18.45 and a fifty-two week high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). Sixth Street Specialty Lending had a net margin of 47.16% and a return on equity of 13.74%. The company had revenue of $117.78 million during the quarter, compared to the consensus estimate of $118.44 million. As a group, sell-side analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 3rd were issued a dividend of $0.06 per share. This represents a yield of 7.63%. The ex-dividend date of this dividend was Friday, May 31st. Sixth Street Specialty Lending’s payout ratio is currently 74.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TSLX shares. Keefe, Bruyette & Woods lowered their price target on Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. JMP Securities restated a “market outperform” rating and issued a $22.50 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sixth Street Specialty Lending currently has an average rating of “Moderate Buy” and a consensus target price of $22.67.

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.