D.A. Davidson & CO. Has $3.30 Million Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

D.A. Davidson & CO. boosted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,617 shares of the financial services provider’s stock after purchasing an additional 15,060 shares during the period. D.A. Davidson & CO.’s holdings in Sixth Street Specialty Lending were worth $3,297,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TSLX. nVerses Capital LLC acquired a new stake in Sixth Street Specialty Lending during the second quarter valued at $70,000. Ridgewood Investments LLC acquired a new stake in Sixth Street Specialty Lending during the second quarter valued at $77,000. Future Financial Wealth Managment LLC acquired a new stake in Sixth Street Specialty Lending during the third quarter valued at $86,000. Atlas Capital Advisors LLC acquired a new stake in Sixth Street Specialty Lending during the second quarter valued at $109,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Sixth Street Specialty Lending during the third quarter valued at $196,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, November 6th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Keefe, Bruyette & Woods cut their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Finally, Wells Fargo & Company cut their target price on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $22.00.

Sixth Street Specialty Lending Trading Up 1.2 %

Sixth Street Specialty Lending stock opened at $21.19 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. The business’s 50-day simple moving average is $20.52 and its 200-day simple moving average is $20.99. The firm has a market capitalization of $1.98 billion, a PE ratio of 10.29 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The business had revenue of $119.22 million for the quarter, compared to analyst estimates of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same period in the previous year, the company posted $0.60 earnings per share. Equities research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.32 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be given a dividend of $0.05 per share. This represents a yield of 7.69%. The ex-dividend date is Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 89.32%.

Sixth Street Specialty Lending 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.