MQS Management LLC Takes Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

MQS Management LLC acquired a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 36,472 shares of the financial services provider’s stock, valued at approximately $749,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV lifted its holdings in Sixth Street Specialty Lending by 1.7% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 36,903 shares of the financial services provider’s stock worth $788,000 after buying an additional 627 shares during the last quarter. Worth Asset Management LLC lifted its stake in Sixth Street Specialty Lending by 7.9% during the second quarter. Worth Asset Management LLC now owns 14,156 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 1,037 shares during the last quarter. IFG Advisory LLC boosted its holdings in Sixth Street Specialty Lending by 6.3% in the second quarter. IFG Advisory LLC now owns 17,512 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 1,039 shares in the last quarter. EMC Capital Management raised its holdings in Sixth Street Specialty Lending by 23.1% during the first quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Barnett & Company Inc. lifted its position in shares of Sixth Street Specialty Lending by 4.7% during the 3rd quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider’s stock worth $596,000 after buying an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analyst Ratings Changes

TSLX has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a report on Tuesday. LADENBURG THALM/SH SH raised shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods reduced their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a report on Thursday, November 7th. Finally, Wells Fargo & Company lowered their price target on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $22.00.

Sixth Street Specialty Lending Stock Up 0.0 %

TSLX stock opened at $20.39 on Wednesday. The stock has a market capitalization of $1.90 billion, a PE ratio of 9.90 and a beta of 1.06. The company has a fifty day moving average of $20.62 and a 200-day moving average of $21.05. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. Sixth Street Specialty Lending, Inc. has a one year low of $19.50 and a one year high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The firm had revenue of $119.22 million during the quarter, compared to the consensus estimate of $119.85 million. During the same quarter last year, the firm earned $0.60 earnings per share. As a group, analysts expect that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a dividend yield of 9.1%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 89.32%.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.