Precision Wealth Strategies LLC Purchases 537 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Precision Wealth Strategies LLC boosted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,030 shares of the financial services provider’s stock after purchasing an additional 537 shares during the period. Precision Wealth Strategies LLC’s holdings in Sixth Street Specialty Lending were worth $215,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TSLX. Community Bank N.A. grew its stake in Sixth Street Specialty Lending by 50.0% in the 4th quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 500 shares in the last quarter. Global Retirement Partners LLC grew its stake in Sixth Street Specialty Lending by 105.0% in the 1st quarter. Global Retirement Partners LLC now owns 1,757 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 900 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Sixth Street Specialty Lending by 576.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,281 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 1,944 shares in the last quarter. Cape Investment Advisory Inc. bought a new position in Sixth Street Specialty Lending in the 4th quarter worth about $65,000. Finally, Security National Bank bought a new position in Sixth Street Specialty Lending in the 4th quarter worth about $68,000. 70.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on TSLX shares. Keefe, Bruyette & Woods dropped their target price on shares of Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $22.50 price target on shares of Sixth Street Specialty Lending in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.67.

Sixth Street Specialty Lending Stock Down 0.1 %

NYSE:TSLX traded down $0.02 during midday trading on Friday, reaching $21.72. 200,548 shares of the stock traded hands, compared to its average volume of 280,086. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.45 and a 12-month high of $22.35. The business has a 50-day moving average of $21.48 and a two-hundred day moving average of $21.41. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a market capitalization of $2.01 billion, a PE ratio of 8.76 and a beta of 1.05.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). Sixth Street Specialty Lending had a net margin of 47.16% and a return on equity of 13.74%. The firm had revenue of $117.78 million for the quarter, compared to analysts’ expectations of $118.44 million. On average, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, June 3rd were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a dividend yield of 7.63%. Sixth Street Specialty Lending’s dividend payout ratio is currently 74.19%.

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.