Sargent Investment Group LLC Has $606,000 Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Sargent Investment Group LLC lowered its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 26.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,400 shares of the financial services provider’s stock after selling 10,000 shares during the quarter. Sargent Investment Group LLC’s holdings in Sixth Street Specialty Lending were worth $606,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new stake in Sixth Street Specialty Lending in the first quarter worth approximately $35,000. Cape Investment Advisory Inc. bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at $65,000. Security National Bank acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at $68,000. nVerses Capital LLC bought a new position in Sixth Street Specialty Lending during the second quarter worth $70,000. Finally, Ridgewood Investments LLC acquired a new stake in Sixth Street Specialty Lending in the second quarter worth $77,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Judy S. Slotkin acquired 7,015 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $19.90 per share, for a total transaction of $139,598.50. Following the purchase, the director now owns 18,726 shares in the company, valued at approximately $372,647.40. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 3.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price target 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Sixth Street Specialty Lending Stock Down 0.3 %

TSLX stock opened at $20.87 on Tuesday. The firm has a market capitalization of $1.94 billion, a PE ratio of 8.42 and a beta of 1.06. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. Sixth Street Specialty Lending, Inc. has a twelve month low of $19.02 and a twelve month high of $22.35. The stock’s 50 day moving average is $21.06 and its 200-day moving average is $21.20.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $121.82 million during the quarter, compared to analyst estimates of $120.33 million. Sixth Street Specialty Lending had a return on equity of 13.76% and a net margin of 44.55%. During the same period in the prior year, the firm posted $0.58 EPS. Sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.46 per share. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date is Monday, September 16th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 74.19%.

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.