Texas Capital Bank Wealth Management Services Inc Acquires Shares of 175,700 Sixth Street Specialty Lending, Inc. $TSLX

Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 175,700 shares of the financial services provider’s stock, valued at approximately $3,017,000.

Other large investors have also modified their holdings of the company. Royal Bank of Canada raised its position in shares of Sixth Street Specialty Lending by 8.0% in the first quarter. Royal Bank of Canada now owns 124,241 shares of the financial services provider’s stock valued at $2,780,000 after buying an additional 9,230 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Sixth Street Specialty Lending by 38.5% in the first quarter. Integrated Wealth Concepts LLC now owns 16,539 shares of the financial services provider’s stock worth $370,000 after buying an additional 4,597 shares in the last quarter. Invesco Ltd. boosted its position in Sixth Street Specialty Lending by 8.0% during the second quarter. Invesco Ltd. now owns 30,628 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 2,263 shares during the last quarter. Marshall Wace LLP boosted its position in Sixth Street Specialty Lending by 186.6% during the second quarter. Marshall Wace LLP now owns 75,811 shares of the financial services provider’s stock worth $1,805,000 after acquiring an additional 49,362 shares during the last quarter. Finally, Glenview Trust co purchased a new stake in Sixth Street Specialty Lending during the 2nd quarter valued at about $231,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Truist Financial lowered their target price on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Wells Fargo & Company dropped their price target on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Citizens Jmp dropped their price target on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Finally, Zacks Research raised Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.83.

Sixth Street Specialty Lending Stock Down 1.7%

NYSE TSLX opened at $18.46 on Tuesday. The business’s fifty day simple moving average is $17.35 and its 200-day simple moving average is $18.09. The company has a quick ratio of 9.83, a current ratio of 9.83 and a debt-to-equity ratio of 1.24. The firm has a market cap of $1.75 billion, a PE ratio of 19.43 and a beta of 0.59. Sixth Street Specialty Lending, Inc. has a 52 week low of $16.04 and a 52 week high of $24.79.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. The firm had revenue of $97.84 million during the quarter, compared to analyst estimates of $95.28 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. As a group, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 1.73 earnings per share for the current year.

Sixth Street Specialty Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 9.1%. The ex-dividend date is Tuesday, September 15th. Sixth Street Specialty Lending’s payout ratio is presently 176.84%.

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.