Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Position Boosted by D.A. Davidson & CO.

D.A. Davidson & CO. increased its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 10.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,617 shares of the financial services provider’s stock after buying an additional 15,060 shares during the quarter. D.A. Davidson & CO. owned about 0.17% of Sixth Street Specialty Lending worth $3,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Sixth Street Specialty Lending in the 2nd quarter worth approximately $70,000. Ridgewood Investments LLC acquired a new stake in Sixth Street Specialty Lending in the second quarter worth approximately $77,000. Future Financial Wealth Managment LLC acquired a new stake in Sixth Street Specialty Lending in the third quarter worth approximately $86,000. Atlas Capital Advisors LLC acquired a new stake in Sixth Street Specialty Lending in the second quarter worth approximately $109,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Sixth Street Specialty Lending in the third quarter worth approximately $196,000. 70.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TSLX has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods cut their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Finally, LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $22.00.

Sixth Street Specialty Lending Price Performance

Shares of NYSE:TSLX opened at $21.19 on Friday. The stock has a fifty day moving average of $20.52 and a 200-day moving average of $20.99. The company has a market capitalization of $1.98 billion, a PE ratio of 10.29 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a one year low of $19.50 and a one year high of $22.35. 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 (NYSE:TSLX) last released its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $119.22 million during the quarter, compared to analyst estimates of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a dividend yield of 7.69%. Sixth Street Specialty Lending’s payout ratio is currently 89.32%.

Sixth Street Specialty Lending Company Profile

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.