Investor s Fiduciary Advisor Network LLC Purchases Shares of 22,790 Sixth Street Specialty Lending, Inc. $TSLX

Investor s Fiduciary Advisor Network LLC bought a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the 3rd quarter, Holdings Channel.com reports. The fund bought 22,790 shares of the financial services provider’s stock, valued at approximately $520,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new stake in shares of Sixth Street Specialty Lending during the 2nd quarter worth approximately $49,000. First Horizon Advisors Inc. lifted its stake in Sixth Street Specialty Lending by 74.0% in the second quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 1,753 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Sixth Street Specialty Lending during the 3rd quarter valued at $98,000. MAI Capital Management boosted its stake in shares of Sixth Street Specialty Lending by 83.5% during the second 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 during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Sixth Street Specialty Lending by 604.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,700 shares of the financial services provider’s stock valued at $107,000 after buying an additional 4,033 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

Insider Activity at Sixth Street Specialty Lending

In other news, CEO Robert J. Stanley purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average cost of $20.85 per share, with a total value of $208,500.00. Following the completion of the transaction, the chief executive officer owned 24,907 shares in the company, valued at $519,310.95. This represents a 67.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.

Sixth Street Specialty Lending Stock Down 0.7%

Sixth Street Specialty Lending stock opened at $22.12 on Thursday. 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 firm has a market cap of $2.09 billion, a P/E ratio of 10.84 and a beta of 0.70. The business has a fifty day moving average of $21.89 and a two-hundred day moving average of $22.73. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $109.40 million during the quarter, compared to analyst estimates of $108.35 million. Sixth Street Specialty Lending had a return on equity of 13.20% and a net margin of 41.24%.During the same period in the previous year, the company posted $0.57 EPS. On average, analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.03 dividend. The ex-dividend date 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 currently 90.20%.

Analyst Ratings Changes

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

Sixth Street Specialty Lending Company 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.