Benjamin F. Edwards & Company Inc. Boosts Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Benjamin F. Edwards & Company Inc. raised its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,853 shares of the financial services provider’s stock after buying an additional 5,024 shares during the quarter. Benjamin F. Edwards & Company Inc. owned about 0.33% of Sixth Street Specialty Lending worth $6,616,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in shares of Sixth Street Specialty Lending in the 1st quarter worth about $35,000. Cape Investment Advisory Inc. bought a new stake in Sixth Street Specialty Lending during the fourth quarter worth approximately $65,000. Security National Bank purchased a new stake in Sixth Street Specialty Lending during the fourth quarter valued at approximately $68,000. nVerses Capital LLC bought a new stake in shares of Sixth Street Specialty Lending in the 2nd quarter valued at approximately $70,000. Finally, Ridgewood Investments LLC purchased a new position in shares of Sixth Street Specialty Lending in the 2nd quarter worth approximately $77,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Down 0.7 %

Shares of NYSE:TSLX opened at $20.48 on Friday. The firm has a market capitalization of $1.91 billion, a PE ratio of 8.26 and a beta of 1.06. The business has a 50 day simple moving average of $20.96 and a two-hundred day simple moving average of $21.18. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.02 and a 1 year high of $22.35. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Sixth Street Specialty Lending had a return on equity of 13.76% and a net margin of 44.55%. The company had revenue of $121.82 million during the quarter, compared to analysts’ expectations of $120.33 million. During the same quarter in the previous year, the business earned $0.58 EPS. On average, equities analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 8.98%. The ex-dividend date is Monday, September 16th. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 74.19%.

Insider Activity at Sixth Street Specialty Lending

In related news, Director Judy S. Slotkin acquired 7,015 shares of the stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $19.90 per share, with a total value of $139,598.50. Following the transaction, the director now directly owns 18,726 shares in the company, valued at $372,647.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Royal Bank of Canada restated an “outperform” rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a report on Thursday, August 15th. Two investment 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, the stock currently has a consensus 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.