Allen Investment Management LLC Purchases 101,174 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Allen Investment Management LLC lifted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 718,153 shares of the financial services provider’s stock after acquiring an additional 101,174 shares during the period. Allen Investment Management LLC’s holdings in Sixth Street Specialty Lending were worth $15,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TSLX. Precision Wealth Strategies LLC raised its stake in Sixth Street Specialty Lending by 5.7% during the 1st quarter. Precision Wealth Strategies LLC now owns 10,030 shares of the financial services provider’s stock valued at $215,000 after buying an additional 537 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in Sixth Street Specialty Lending by 1.7% during the second quarter. Nations Financial Group Inc. IA ADV now owns 36,903 shares of the financial services provider’s stock valued at $788,000 after acquiring an additional 627 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Sixth Street Specialty Lending by 105.0% in the first quarter. Global Retirement Partners LLC now owns 1,757 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 900 shares during the period. Register Financial Advisors LLC boosted its position in Sixth Street Specialty Lending by 15.5% in the first quarter. Register Financial Advisors LLC now owns 7,574 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Mirador Capital Partners LP grew its stake in shares of Sixth Street Specialty Lending by 2.9% during the 1st quarter. Mirador Capital Partners LP now owns 37,111 shares of the financial services provider’s stock valued at $795,000 after purchasing an additional 1,037 shares during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.67.

Insider Transactions at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, Director Judy S. Slotkin bought 7,015 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $19.90 per share, with a total value of $139,598.50. Following the purchase, the director now owns 18,726 shares of the company’s stock, valued at $372,647.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.30% of the company’s stock.

Sixth Street Specialty Lending Trading Up 0.7 %

Shares of NYSE:TSLX opened at $21.40 on Friday. The stock has a 50 day moving average of $21.07 and a 200 day moving average of $21.21. The company has a market cap of $1.99 billion, a PE ratio of 8.63 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.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share 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 business had revenue of $121.82 million during the quarter, compared to analyst estimates of $120.33 million. During the same period in the prior year, the business posted $0.58 earnings per share. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 8.60%. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, September 16th. Sixth Street Specialty Lending’s payout ratio is presently 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.