32,736 Shares in Sixth Street Specialty Lending, Inc. $TSLX Purchased by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC acquired a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 32,736 shares of the financial services provider’s stock, valued at approximately $601,000.

Several other large investors also recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of Sixth Street Specialty Lending by 8.0% during the 1st quarter. Royal Bank of Canada now owns 124,241 shares of the financial services provider’s stock worth $2,780,000 after purchasing an additional 9,230 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Sixth Street Specialty Lending by 38.5% in the first quarter. Integrated Wealth Concepts LLC now owns 16,539 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 4,597 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Sixth Street Specialty Lending by 8.0% in the second quarter. Invesco Ltd. now owns 30,628 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 2,263 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Sixth Street Specialty Lending by 186.6% in the second quarter. Marshall Wace LLP now owns 75,811 shares of the financial services provider’s stock valued at $1,805,000 after purchasing an additional 49,362 shares during the last quarter. Finally, Glenview Trust co purchased a new position in Sixth Street Specialty Lending during the second quarter worth approximately $231,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TSLX shares. Truist Financial lowered their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. JPMorgan Chase & Co. cut their target price on Sixth Street Specialty Lending from $18.50 to $17.50 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada reduced their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Wall Street Zen lowered Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Citizens Jmp lowered their price target on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of “Moderate Buy” and a consensus price target of $19.83.

Insider Buying and Selling

In other Sixth Street Specialty Lending news, VP Ross Anthony Bruck purchased 8,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $17.76 per share, with a total value of $142,080.00. Following the purchase, the vice president directly owned 18,250 shares in the company, valued at approximately $324,120. This trade represents a 78.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 3.83% of the stock is owned by corporate insiders.

Sixth Street Specialty Lending Stock Down 0.1%

Shares of NYSE TSLX opened at $16.59 on Monday. The company has a market capitalization of $1.58 billion, a P/E ratio of 14.43 and a beta of 0.60. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.39 and a quick ratio of 3.39. The company has a 50 day simple moving average of $17.86 and a 200-day simple moving average of $19.39. 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 data on Tuesday, May 5th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). Sixth Street Specialty Lending had a net margin of 25.25% and a return on equity of 11.92%. The business had revenue of $93.40 million during the quarter, compared to analyst estimates of $103.14 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. On average, equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 1.71 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm 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 is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. This represents a $1.68 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date is Monday, June 15th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 146.09%.

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.