Clayton Partners LLC Has $3.87 Million Holdings in Sixth Street Specialty Lending, Inc. $TSLX

Clayton Partners LLC raised its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,121 shares of the financial services provider’s stock after acquiring an additional 40,999 shares during the period. Sixth Street Specialty Lending comprises 2.7% of Clayton Partners LLC’s holdings, making the stock its 17th biggest holding. Clayton Partners LLC owned approximately 0.19% of Sixth Street Specialty Lending worth $3,869,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSLX. Bank of Montreal Can grew its position in Sixth Street Specialty Lending by 419.5% in the fourth quarter. Bank of Montreal Can now owns 2,284,920 shares of the financial services provider’s stock valued at $49,628,000 after acquiring an additional 1,845,088 shares during the last quarter. Van ECK Associates Corp grew its position in Sixth Street Specialty Lending by 18.0% in the third quarter. Van ECK Associates Corp now owns 2,529,187 shares of the financial services provider’s stock valued at $57,817,000 after acquiring an additional 385,398 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Sixth Street Specialty Lending by 105.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 624,196 shares of the financial services provider’s stock valued at $13,558,000 after acquiring an additional 319,665 shares during the last quarter. Altshuler Shaham Ltd bought a new position in Sixth Street Specialty Lending in the fourth quarter valued at about $6,548,000. Finally, UBS Group AG grew its position in Sixth Street Specialty Lending by 22.8% in the fourth quarter. UBS Group AG now owns 1,616,161 shares of the financial services provider’s stock valued at $35,103,000 after acquiring an additional 299,564 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

TSLX has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. JPMorgan Chase & Co. decreased their target price on Sixth Street Specialty Lending from $18.50 to $17.50 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Wells Fargo & Company decreased their target price on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Weiss Ratings cut Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Finally, Royal Bank Of Canada decreased their target price on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending currently has an average rating of “Moderate Buy” and a consensus price target of $19.83.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX opened at $16.49 on Thursday. The stock has a market cap of $1.57 billion, a P/E ratio of 14.33 and a beta of 0.60. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 1.17. The stock’s 50-day moving average is $17.91 and its 200-day moving average is $19.47. Sixth Street Specialty Lending, Inc. has a 1-year low of $16.37 and a 1-year high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.07). The firm had revenue of $93.40 million for the quarter, compared to the consensus estimate of $103.14 million. Sixth Street Specialty Lending had a return on equity of 11.92% and a net margin of 25.25%.During the same quarter last year, the firm posted $0.58 earnings per share. Equities research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 1.71 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 10.2%. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, June 15th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 146.09%.

Insider Buying and Selling at Sixth Street Specialty Lending

In other news, VP Ross Anthony Bruck purchased 8,000 shares of Sixth Street Specialty Lending stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $17.76 per share, for a total transaction of $142,080.00. Following the completion of the acquisition, the vice president owned 18,250 shares in the company, valued at approximately $324,120. This trade represents a 78.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.83% of the company’s stock.

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.