Creative Planning Has $825,000 Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Creative Planning cut its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,646 shares of the financial services provider’s stock after selling 2,276 shares during the quarter. Creative Planning’s holdings in Sixth Street Specialty Lending were worth $825,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth about $35,000. nVerses Capital LLC acquired a new position in shares of Sixth Street Specialty Lending during the second quarter worth approximately $70,000. Ridgewood Investments LLC bought a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at approximately $77,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Sixth Street Specialty Lending in the first quarter worth $90,000. Finally, Atlas Capital Advisors LLC bought a new position in Sixth Street Specialty Lending during the second quarter worth $109,000. Institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Judy S. Slotkin bought 7,015 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $19.90 per share, with a total value of $139,598.50. Following the acquisition, the director now owns 18,726 shares in the company, valued at $372,647.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.30% of the company’s stock.

Sixth Street Specialty Lending Trading Up 0.5 %

Shares of TSLX stock opened at $20.51 on Friday. The firm has a fifty day moving average of $20.74 and a 200-day moving average of $21.13. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 8.69 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.02 and a 52-week high of $22.35. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.90 and a current ratio of 1.90.

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

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 8.97%. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, September 16th. Sixth Street Specialty Lending’s dividend payout ratio is 77.97%.

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.