Plan Group Financial LLC Acquires New Position in Sixth Street Specialty Lending, Inc. $TSLX

Plan Group Financial LLC bought a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 120,324 shares of the financial services provider’s stock, valued at approximately $2,066,000.

A number of other hedge funds also recently added to or reduced their stakes in TSLX. Lido Advisors LLC boosted its position in Sixth Street Specialty Lending by 1.2% in the 4th quarter. Lido Advisors LLC now owns 42,172 shares of the financial services provider’s stock valued at $958,000 after buying an additional 506 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Sixth Street Specialty Lending by 5.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,923 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 626 shares during the period. Sage Investment Counsel LLC increased its position in shares of Sixth Street Specialty Lending by 3.2% during the first quarter. Sage Investment Counsel LLC now owns 25,577 shares of the financial services provider’s stock worth $470,000 after acquiring an additional 800 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Sixth Street Specialty Lending by 4.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,905 shares of the financial services provider’s stock valued at $476,000 after acquiring an additional 968 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in shares of Sixth Street Specialty Lending by 2.1% in the fourth quarter. Cornerstone Wealth Management LLC now owns 47,093 shares of the financial services provider’s stock valued at $1,023,000 after acquiring an additional 970 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSLX has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Wall Street Zen upgraded Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Royal Bank Of Canada reduced their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Zacks Research upgraded Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Truist Financial decreased their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.83.

Sixth Street Specialty Lending Trading Down 1.9%

Shares of NYSE:TSLX opened at $18.81 on Friday. Sixth Street Specialty Lending, Inc. has a 52 week low of $16.04 and a 52 week high of $24.79. The company’s 50 day moving average is $17.32 and its two-hundred day moving average is $18.15. The company has a market cap of $1.79 billion, a PE ratio of 19.80 and a beta of 0.59. The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 1.24.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $97.84 million during the quarter, compared to analysts’ expectations of $95.28 million. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. During the same period in the previous year, the company earned $0.56 EPS. Equities analysts predict that Sixth Street Specialty Lending, Inc. will post 1.73 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio is 176.84%.

About Sixth Street Specialty Lending

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.