OMERS ADMINISTRATION Corp Takes Position in Sixth Street Specialty Lending, Inc. $TSLX

OMERS ADMINISTRATION Corp bought a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,012,327 shares of the financial services provider’s stock, valued at approximately $34,552,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lido Advisors LLC lifted its position in Sixth Street Specialty Lending by 1.2% in the fourth quarter. Lido Advisors LLC now owns 42,172 shares of the financial services provider’s stock valued at $958,000 after acquiring an additional 506 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Sixth Street Specialty Lending by 5.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,923 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 626 shares in the last quarter. Sage Investment Counsel LLC increased its position in shares of Sixth Street Specialty Lending by 3.2% during the first quarter. Sage Investment Counsel LLC now owns 25,577 shares of the financial services provider’s stock worth $470,000 after purchasing an additional 800 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Sixth Street Specialty Lending by 4.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,905 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 968 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its holdings in shares of Sixth Street Specialty Lending by 2.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 47,093 shares of the financial services provider’s stock valued at $1,023,000 after purchasing an additional 970 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TSLX shares. Wall Street Zen raised Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sixth Street Specialty Lending in a report on Thursday, August 13th. Keefe, Bruyette & Woods raised their target price on shares of Sixth Street Specialty Lending from $18.50 to $19.50 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Royal Bank Of Canada cut their target price on shares of 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.83.

Sixth Street Specialty Lending Stock Up 0.1%

Sixth Street Specialty Lending stock opened at $18.80 on Monday. Sixth Street Specialty Lending, Inc. has a twelve month low of $16.04 and a twelve month high of $24.79. The stock has a 50 day moving average of $17.48 and a two-hundred day moving average of $18.01. The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 19.79 and a beta of 0.59.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.The business had revenue of $97.84 million for the quarter, compared to analyst estimates of $95.28 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. As a group, research analysts expect that Sixth Street Specialty Lending, Inc. will post 1.74 earnings per share for the current year.

Sixth Street Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Sixth Street Specialty Lending’s payout ratio is currently 176.84%.

Sixth Street Specialty Lending 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.