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

EMC Capital Management boosted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 23.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,747 shares of the financial services provider’s stock after acquiring an additional 1,265 shares during the quarter. EMC Capital Management’s holdings in Sixth Street Specialty Lending were worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sound Income Strategies LLC increased its position in Sixth Street Specialty Lending by 4.0% during the 1st quarter. Sound Income Strategies LLC now owns 2,070,259 shares of the financial services provider’s stock worth $44,366,000 after purchasing an additional 80,581 shares during the period. Confluence Investment Management LLC acquired a new position in Sixth Street Specialty Lending during the first quarter worth $5,212,000. Baillie Gifford & Co. raised its position in Sixth Street Specialty Lending by 41.7% in the first quarter. Baillie Gifford & Co. now owns 225,420 shares of the financial services provider’s stock worth $4,831,000 after acquiring an additional 66,348 shares in the last quarter. MGO One Seven LLC lifted its holdings in Sixth Street Specialty Lending by 3,380.9% in the fourth quarter. MGO One Seven LLC now owns 553,876 shares of the financial services provider’s stock valued at $11,964,000 after acquiring an additional 537,964 shares during the period. Finally, Naviter Wealth LLC purchased a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth $1,326,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Down 2.0 %

Shares of TSLX stock traded down $0.41 during trading hours on Friday, reaching $20.43. The company had a trading volume of 361,224 shares, compared to its average volume of 375,804. The stock’s fifty day simple moving average is $21.48 and its 200 day simple moving average is $21.39. The company has a market capitalization of $1.89 billion, a P/E ratio of 8.31 and a beta of 1.05. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.03 and a current ratio of 2.03. Sixth Street Specialty Lending, Inc. has a twelve month low of $19.02 and a twelve month high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data 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 company 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 13.94% and a net margin of 44.55%. During the same period in the previous year, the business earned $0.58 EPS. As a group, sell-side analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 9.01%. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, September 16th. Sixth Street Specialty Lending’s dividend payout ratio is 74.19%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their price objective 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Sixth Street Specialty Lending presently 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.