Benjamin Edwards Inc. Sells 1,074 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Benjamin Edwards Inc. decreased its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,382 shares of the financial services provider’s stock after selling 1,074 shares during the period. Benjamin Edwards Inc.’s holdings in Sixth Street Specialty Lending were worth $691,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TSLX. MGO One Seven LLC grew its position in Sixth Street Specialty Lending by 3,380.9% during the 4th quarter. MGO One Seven LLC now owns 553,876 shares of the financial services provider’s stock valued at $11,964,000 after purchasing an additional 537,964 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Sixth Street Specialty Lending by 18.6% during the second 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. Confluence Investment Management LLC bought a new stake in shares of Sixth Street Specialty Lending during the first quarter valued at approximately $5,212,000. TrueMark Investments LLC purchased a new position in Sixth Street Specialty Lending in the 2nd quarter worth approximately $4,378,000. Finally, 1832 Asset Management L.P. lifted its position in Sixth Street Specialty Lending by 20.0% in the 4th 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 acquiring an additional 200,000 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Down 0.7 %

Shares of Sixth Street Specialty Lending stock opened at $20.48 on Friday. Sixth Street Specialty Lending, Inc. has a twelve month low of $19.02 and a twelve month high of $22.35. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $20.96 and its 200 day moving average is $21.18. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 8.26 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $121.82 million for the quarter, compared to the consensus estimate of $120.33 million. Sixth Street Specialty Lending had a return on equity of 13.76% and a net margin of 44.55%. During the same period last year, the business posted $0.58 EPS. Research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

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

Insider Transactions at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, Director Judy S. Slotkin acquired 7,015 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $19.90 per share, with a total value of $139,598.50. Following the completion of the acquisition, the director now owns 18,726 shares in the company, valued at approximately $372,647.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

About Sixth Street Specialty Lending

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.