Platform Technology Partners Increases Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Platform Technology Partners increased its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,925 shares of the financial services provider’s stock after purchasing an additional 980 shares during the period. Platform Technology Partners’ holdings in Sixth Street Specialty Lending were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TSLX. Columbus Macro LLC purchased a new position in shares of Sixth Street Specialty Lending in the fourth quarter worth about $7,669,000. Millennium Management LLC raised its position in Sixth Street Specialty Lending by 482.6% during the 2nd quarter. Millennium Management LLC now owns 287,311 shares of the financial services provider’s stock worth $6,134,000 after buying an additional 237,995 shares during the last quarter. Progeny 3 Inc. lifted its stake in Sixth Street Specialty Lending by 10.6% during the 3rd quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider’s stock valued at $46,249,000 after acquiring an additional 215,996 shares during the period. JPMorgan Chase & Co. lifted its stake in Sixth Street Specialty Lending by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider’s stock valued at $24,131,000 after acquiring an additional 162,810 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Sixth Street Specialty Lending by 498.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 193,677 shares of the financial services provider’s stock valued at $3,976,000 after acquiring an additional 161,295 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLX has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a report on Thursday, November 7th. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, November 6th. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company raised their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $22.33.

Sixth Street Specialty Lending Trading Down 0.0 %

Shares of Sixth Street Specialty Lending stock opened at $22.14 on Friday. The firm has a 50-day simple moving average of $21.47 and a two-hundred day simple moving average of $20.97. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $19.50 and a fifty-two week high of $22.47. The company has a market cap of $2.07 billion, a P/E ratio of 10.75 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The company had revenue of $119.22 million during the quarter, compared to analysts’ expectations of $119.85 million. During the same quarter in the prior year, the firm posted $0.60 EPS. As a group, equities analysts predict 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 firm also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.05 per share. This represents a dividend yield of 7.59%. The ex-dividend date was Friday, November 29th. Sixth Street Specialty Lending’s payout ratio is 89.32%.

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.