Sixth Street Specialty Lending, Inc. $TSLX Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 157.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 469,109 shares of the financial services provider’s stock after purchasing an additional 286,724 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Sixth Street Specialty Lending were worth $10,189,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Arax Advisory Partners purchased a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $109,000. Brown Advisory Inc. lifted its position in shares of Sixth Street Specialty Lending by 24.9% in the 4th quarter. Brown Advisory Inc. now owns 48,713 shares of the financial services provider’s stock valued at $1,058,000 after acquiring an additional 9,714 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $273,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $111,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Sixth Street Specialty Lending by 3.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 164,256 shares of the financial services provider’s stock valued at $3,573,000 after acquiring an additional 5,543 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Insider Transactions at Sixth Street Specialty Lending

In related news, VP Ross Anthony Bruck bought 8,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was bought at an average price of $17.76 per share, for a total transaction of $142,080.00. Following the transaction, the vice president directly owned 18,250 shares in the company, valued at $324,120. This represents a 78.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TSLX shares. Zacks Research downgraded shares of Sixth Street Specialty Lending from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Truist Financial reduced their price target on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Wells Fargo & Company reduced their price target on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. JPMorgan Chase & Co. reduced their price target on shares of Sixth Street Specialty Lending from $18.50 to $17.50 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.83.

Sixth Street Specialty Lending Stock Down 3.0%

TSLX stock opened at $16.39 on Tuesday. Sixth Street Specialty Lending, Inc. has a 12-month low of $16.37 and a 12-month high of $25.17. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 1.17. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 14.25 and a beta of 0.60. The company has a 50 day moving average of $17.99 and a two-hundred day moving average of $19.54.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). Sixth Street Specialty Lending had a return on equity of 11.92% and a net margin of 25.25%.The company had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $103.14 million. During the same quarter in the previous year, the company earned $0.58 EPS. On average, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 1.71 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date is Monday, June 15th. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. Sixth Street Specialty Lending’s payout ratio is currently 160.00%.

Sixth Street Specialty Lending Company Profile

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.