Hennion & Walsh Asset Management Inc. Boosts Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 6.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 157,060 shares of the financial services provider’s stock after acquiring an additional 10,030 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.17% of Sixth Street Specialty Lending worth $3,366,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Community Bank N.A. raised its stake in Sixth Street Specialty Lending by 50.0% during the fourth quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Sixth Street Specialty Lending by 576.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,281 shares of the financial services provider’s stock valued at $49,000 after buying an additional 1,944 shares during the period. Cape Investment Advisory Inc. bought a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at about $65,000. Security National Bank acquired a new stake in Sixth Street Specialty Lending during the fourth quarter worth about $68,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth approximately $90,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sixth Street Specialty Lending Stock Performance

TSLX opened at $21.35 on Friday. The business has a 50 day moving average price of $21.44 and a two-hundred day moving average price 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. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.61 and a beta of 1.04. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.45 and a 1-year high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). Sixth Street Specialty Lending had a return on equity of 13.74% and a net margin of 47.16%. The firm had revenue of $117.78 million during the quarter, compared to the consensus estimate of $118.44 million. Research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 EPS 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. Shareholders of record on Monday, June 3rd were issued a $0.06 dividend. This represents a yield of 7.63%. The ex-dividend date was Friday, May 31st. Sixth Street Specialty Lending’s payout ratio is 74.19%.

Sixth Street Specialty Lending Company 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.