Boston Private Wealth LLC Has $304,000 Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Boston Private Wealth LLC increased its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 10.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 13,675 shares of the financial services provider’s stock after buying an additional 1,279 shares during the period. Boston Private Wealth LLC’s holdings in Sixth Street Specialty Lending were worth $304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Strs Ohio lifted its position in Sixth Street Specialty Lending by 1.9% during the 3rd quarter. Strs Ohio now owns 5,076,592 shares of the financial services provider’s stock worth $112,751,000 after buying an additional 92,250 shares in the last quarter. FMR LLC lifted its position in Sixth Street Specialty Lending by 9.5% during the 2nd quarter. FMR LLC now owns 3,941,541 shares of the financial services provider’s stock worth $87,463,000 after buying an additional 341,341 shares in the last quarter. Morgan Stanley lifted its position in Sixth Street Specialty Lending by 12.5% during the 2nd quarter. Morgan Stanley now owns 2,034,545 shares of the financial services provider’s stock worth $45,147,000 after buying an additional 225,662 shares in the last quarter. Delphi Financial Group Inc. lifted its position in Sixth Street Specialty Lending by 3.3% during the 3rd quarter. Delphi Financial Group Inc. now owns 1,665,266 shares of the financial services provider’s stock worth $36,986,000 after buying an additional 53,222 shares in the last quarter. Finally, LSV Asset Management lifted its position in Sixth Street Specialty Lending by 76.8% during the 3rd quarter. LSV Asset Management now owns 1,524,803 shares of the financial services provider’s stock worth $33,865,000 after buying an additional 662,316 shares in the last quarter. Institutional investors and hedge funds own 49.42% of the company’s stock.

Shares of TSLX stock opened at $23.99 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market cap of $1.75 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18. The stock has a 50-day moving average of $23.66 and a 200-day moving average of $23.24. Sixth Street Specialty Lending, Inc. has a one year low of $20.16 and a one year high of $24.74.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, November 2nd. The financial services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $71.20 million during the quarter, compared to analysts’ expectations of $69.76 million. Sixth Street Specialty Lending had a return on equity of 12.26% and a net margin of 85.14%. As a group, research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Wednesday, December 15th were paid a $0.41 dividend. The ex-dividend date was Tuesday, December 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.84%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 55.03%.

Several analysts have weighed in on TSLX shares. JMP Securities boosted their price objective on Sixth Street Specialty Lending from $24.00 to $25.50 and gave the stock a “market outperform” rating in a report on Thursday, November 4th. Raymond James boosted their price objective on Sixth Street Specialty Lending from $23.50 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, November 4th. Finally, Zacks Investment Research cut Sixth Street Specialty Lending from a “buy” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Sixth Street Specialty Lending has an average rating of “Buy” and a consensus target price of $24.88.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc acts as private equity fund. The fund target companies operating in the fields health, commercial, internet, industrial, technology serveries. It provides financing for first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments,transaction size between $15 to $350 million, EBTIDA of $10 to $250 million and enterprise value of $50 million.

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Institutional Ownership by Quarter for Sixth Street Specialty Lending (NYSE:TSLX)

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