LSV Asset Management Sells 82,850 Shares of Sixth Street Specialty Lending, Inc. $TSLX

LSV Asset Management cut its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLXFree Report) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 972,712 shares of the financial services provider’s stock after selling 82,850 shares during the quarter. LSV Asset Management owned approximately 1.03% of Sixth Street Specialty Lending worth $22,236,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TSLX. Royal Bank of Canada lifted its stake in shares of Sixth Street Specialty Lending by 8.0% in the first quarter. Royal Bank of Canada now owns 124,241 shares of the financial services provider’s stock worth $2,780,000 after acquiring an additional 9,230 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Sixth Street Specialty Lending by 38.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 16,539 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 4,597 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Sixth Street Specialty Lending in the 2nd quarter worth approximately $265,000. CWM LLC boosted its stake in shares of Sixth Street Specialty Lending by 7,857.5% in the 2nd quarter. CWM LLC now owns 64,376 shares of the financial services provider’s stock valued at $1,533,000 after purchasing an additional 63,567 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Sixth Street Specialty Lending during the second quarter worth $204,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Down 4.4%

Shares of NYSE:TSLX opened at $19.24 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 4.73 and a current ratio of 4.73. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $25.17. The business’s 50 day simple moving average is $21.64 and its two-hundred day simple moving average is $22.42. The firm has a market cap of $1.82 billion, a P/E ratio of 10.63 and a beta of 0.70.

Sixth Street Specialty Lending (NYSE:TSLXGet Free Report) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. Sixth Street Specialty Lending had a return on equity of 12.70% and a net margin of 37.99%.The firm had revenue of $108.25 million during the quarter, compared to the consensus estimate of $107.11 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. As a group, research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, March 16th. This represents a $0.04 annualized dividend and a yield of 0.2%. Sixth Street Specialty Lending’s dividend payout ratio is presently 90.20%.

Sixth Street Specialty Lending News Summary

Here are the key news stories impacting Sixth Street Specialty Lending this week:

Analyst Upgrades and Downgrades

TSLX has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, December 24th. Wells Fargo & Company lowered their target price on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Royal Bank Of Canada dropped their price target 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $23.50.

Get Our Latest Report on Sixth Street Specialty Lending

Insider Buying and Selling at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, CEO Robert J. Stanley acquired 10,000 shares of Sixth Street Specialty Lending stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost 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 of the company’s stock, valued at $519,310.95. This represents a 67.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.22% of the company’s stock.

Sixth Street Specialty Lending Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Sixth Street Specialty Lending (NYSE:TSLX)

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