Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stock Position Decreased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 13.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,801 shares of the financial services provider’s stock after selling 20,803 shares during the period. Janney Montgomery Scott LLC owned 0.14% of Sixth Street Specialty Lending worth $2,665,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TSLX. Van ECK Associates Corp grew its position in shares of Sixth Street Specialty Lending by 18.6% during the 2nd quarter. Van ECK Associates Corp now owns 2,147,972 shares of the financial services provider’s stock valued at $45,859,000 after buying an additional 336,596 shares during the last quarter. Millennium Management LLC grew its position in Sixth Street Specialty Lending by 482.6% in the 2nd quarter. Millennium Management LLC now owns 287,311 shares of the financial services provider’s stock worth $6,134,000 after purchasing an additional 237,995 shares during the last quarter. TrueMark Investments LLC bought a new position in Sixth Street Specialty Lending in the 2nd quarter worth about $4,378,000. Baillie Gifford & Co. grew its position in Sixth Street Specialty Lending by 81.9% in the 2nd quarter. Baillie Gifford & Co. now owns 410,054 shares of the financial services provider’s stock worth $8,755,000 after purchasing an additional 184,634 shares during the last quarter. Finally, Cetera Advisors LLC grew its position in Sixth Street Specialty Lending by 811.5% in the 1st quarter. Cetera Advisors LLC now owns 136,262 shares of the financial services provider’s stock worth $2,920,000 after purchasing an additional 121,312 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

TSLX has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th. Wells Fargo & Company decreased their target price on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $22.00.

Sixth Street Specialty Lending Trading Up 0.3 %

Sixth Street Specialty Lending stock opened at $20.38 on Tuesday. The firm has a 50 day simple moving average of $20.64 and a 200-day simple moving average of $21.06. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 1.90. The stock has a market capitalization of $1.90 billion, a PE ratio of 9.89 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 12-month low of $19.50 and a 12-month high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The business had revenue of $119.22 million during the quarter, compared to analysts’ expectations of $119.85 million. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. During the same period last year, the firm posted $0.60 earnings per share. As a group, equities research analysts expect 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 announced a — dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.05 per share. This represents a yield of 9.1%. The ex-dividend date is Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio is presently 89.32%.

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.