Sumitomo Mitsui Trust Group Inc. Has $15.15 Million Stake in Sixth Street Specialty Lending, Inc. $TSLX

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 25.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 662,896 shares of the financial services provider’s stock after purchasing an additional 135,789 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Sixth Street Specialty Lending were worth $15,154,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TSLX. Sound Income Strategies LLC boosted its holdings in shares of Sixth Street Specialty Lending by 1.9% during the second quarter. Sound Income Strategies LLC now owns 2,406,296 shares of the financial services provider’s stock worth $57,294,000 after purchasing an additional 45,157 shares during the period. MGO One Seven LLC increased its stake in Sixth Street Specialty Lending by 3.0% in the 2nd quarter. MGO One Seven LLC now owns 427,840 shares of the financial services provider’s stock valued at $10,187,000 after buying an additional 12,650 shares during the period. 1832 Asset Management L.P. lifted its position in Sixth Street Specialty Lending by 13.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 395,347 shares of the financial services provider’s stock worth $9,413,000 after buying an additional 45,347 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Sixth Street Specialty Lending by 7.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 207,112 shares of the financial services provider’s stock worth $4,931,000 after buying an additional 14,104 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Sixth Street Specialty Lending by 66.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,050 shares of the financial services provider’s stock valued at $358,000 after buying an additional 6,031 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert J. Stanley purchased 10,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of $20.85 per share, for a total transaction of $208,500.00. Following the completion of the acquisition, the chief executive officer directly owned 24,907 shares in the company, valued at approximately $519,310.95. This trade represents a 67.08% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.22% of the stock is currently owned by company insiders.

Sixth Street Specialty Lending Trading Down 0.3%

Sixth Street Specialty Lending stock opened at $22.33 on Friday. Sixth Street Specialty Lending, Inc. has a one year low of $18.58 and a one year high of $25.17. The company’s fifty day moving average price is $21.71 and its two-hundred day moving average price is $22.84. The company has a debt-to-equity ratio of 1.13, a current ratio of 4.73 and a quick ratio of 4.73. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 10.95 and a beta of 0.70.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $109.40 million during the quarter, compared to analysts’ expectations of $108.35 million. Sixth Street Specialty Lending had a return on equity of 13.20% and a net margin of 41.24%.During the same quarter in the previous year, the firm earned $0.57 earnings per share. On average, analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. Sixth Street Specialty Lending’s dividend payout ratio is presently 90.20%.

Analysts Set New Price Targets

TSLX has been the topic of a number of research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $24.00 price target on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 1st. Royal Bank Of Canada lowered their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, December 24th. Wells Fargo & Company cut their price target on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Keefe, Bruyette & Woods reduced their price target on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.