Sixth Street Specialty Lending, Inc. $TSLX Shares Bought by RMR Capital Management LLC

RMR Capital Management LLC grew its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 12.5% during the 3rd quarter, Holdings Channel reports. The fund owned 214,249 shares of the financial services provider’s stock after purchasing an additional 23,754 shares during the period. Sixth Street Specialty Lending makes up about 3.4% of RMR Capital Management LLC’s holdings, making the stock its 3rd largest holding. RMR Capital Management LLC’s holdings in Sixth Street Specialty Lending were worth $4,898,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. MTM Investment Management LLC acquired a new stake in Sixth Street Specialty Lending during the second quarter valued at $49,000. First Horizon Advisors Inc. boosted its stake in shares of Sixth Street Specialty Lending by 74.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 1,753 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Sixth Street Specialty Lending during the 3rd quarter valued at about $98,000. MAI Capital Management increased its stake in shares of Sixth Street Specialty Lending by 83.5% in the 2nd quarter. MAI Capital Management now owns 4,264 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,940 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Sixth Street Specialty Lending by 604.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,700 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 4,033 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

TSLX has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their target price 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. JPMorgan Chase & Co. reissued a “neutral” rating and set a $24.00 target price on shares of Sixth Street Specialty Lending in a report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, December 24th. Wells Fargo & Company decreased their price objective on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, Royal Bank Of Canada dropped their target price on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Sixth Street Specialty Lending Stock Down 0.7%

Shares of NYSE:TSLX opened at $22.12 on Thursday. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $18.58 and a fifty-two week high of $25.17. The firm’s 50 day moving average price is $21.89 and its 200 day moving average price is $22.73. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.13. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 10.84 and a beta of 0.70.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Sixth Street Specialty Lending had a net margin of 41.24% and a return on equity of 13.20%. The company had revenue of $109.40 million for the quarter, compared to analysts’ expectations of $108.35 million. During the same quarter last year, the company earned $0.57 earnings per share. As a group, equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.03 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. Sixth Street Specialty Lending’s payout ratio is 90.20%.

Insider Transactions at Sixth Street Specialty Lending

In other news, CEO Robert J. Stanley acquired 10,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of $20.85 per share, with a total value of $208,500.00. Following the completion of the acquisition, the chief executive officer owned 24,907 shares in the company, valued at $519,310.95. This trade represents a 67.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is owned by corporate insiders.

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.