Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Purchased by Millennium Management LLC

Millennium Management LLC raised its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 482.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 287,311 shares of the financial services provider’s stock after purchasing an additional 237,995 shares during the quarter. Millennium Management LLC owned 0.31% of Sixth Street Specialty Lending worth $6,134,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Progeny 3 Inc. lifted its holdings in Sixth Street Specialty Lending by 2.6% during the 2nd quarter. Progeny 3 Inc. now owns 2,036,778 shares of the financial services provider’s stock worth $43,485,000 after buying an additional 50,908 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Sixth Street Specialty Lending by 6.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,279,000 shares of the financial services provider’s stock worth $27,307,000 after buying an additional 79,000 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Sixth Street Specialty Lending by 14.5% during the 2nd quarter. ProShare Advisors LLC now owns 14,986 shares of the financial services provider’s stock worth $320,000 after buying an additional 1,898 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Sixth Street Specialty Lending by 1.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 309,853 shares of the financial services provider’s stock worth $6,616,000 after buying an additional 5,024 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its holdings in Sixth Street Specialty Lending by 1.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,105,853 shares of the financial services provider’s stock worth $44,960,000 after buying an additional 29,034 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Trading Up 0.5 %

Shares of NYSE TSLX opened at $20.41 on Friday. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 8.23 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 12-month low of $19.02 and a 12-month high of $22.35. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $20.74 and its 200 day simple moving average is $21.13.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The business 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 quarter last year, the business posted $0.58 EPS. Equities research analysts expect 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 was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.46 dividend. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.84 annualized dividend and a dividend yield of 9.02%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 74.19%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a report on Thursday, August 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.67.

Insider Buying and Selling at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, Director Judy S. Slotkin bought 7,015 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $19.90 per share, with a total value of $139,598.50. Following the purchase, the director now directly owns 18,726 shares of the company’s stock, valued at approximately $372,647.40. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.30% of the stock is owned by company insiders.

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.