Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Rating) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,380,000 shares, a growth of 118.4% from the May 31st total of 632,000 shares. Based on an average daily volume of 341,100 shares, the days-to-cover ratio is presently 4.0 days.
NYSE:TSLX opened at $18.99 on Friday. The stock’s fifty day moving average is $20.40 and its 200 day moving average is $22.33. Sixth Street Specialty Lending has a fifty-two week low of $18.02 and a fifty-two week high of $24.74. The firm has a market capitalization of $1.45 billion, a PE ratio of 7.54 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.58 and a current ratio of 0.58.
Sixth Street Specialty Lending (NYSE:TSLX – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04). Sixth Street Specialty Lending had a net margin of 70.06% and a return on equity of 12.41%. The company had revenue of $67.43 million for the quarter, compared to analysts’ expectations of $71.21 million. Equities analysts forecast that Sixth Street Specialty Lending will post 1.98 EPS for the current year.
TSLX has been the topic of several recent research reports. Hovde Group decreased their price objective on Sixth Street Specialty Lending to $21.00 in a report on Friday, May 20th. StockNews.com initiated coverage on Sixth Street Specialty Lending in a report on Thursday, March 31st. They set a “hold” rating on the stock.
In other Sixth Street Specialty Lending news, VP Jennifer Gordon purchased 2,500 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was acquired at an average cost of $19.91 per share, for a total transaction of $49,775.00. Following the purchase, the vice president now directly owns 2,500 shares of the company’s stock, valued at approximately $49,775. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TSLX. BlackRock Inc. raised its holdings in Sixth Street Specialty Lending by 10.5% during the 3rd quarter. BlackRock Inc. now owns 31,807 shares of the financial services provider’s stock valued at $706,000 after buying an additional 3,035 shares during the period. Royal Bank of Canada increased its stake in Sixth Street Specialty Lending by 15.4% in the third quarter. Royal Bank of Canada now owns 107,626 shares of the financial services provider’s stock worth $2,390,000 after purchasing an additional 14,325 shares during the period. LPL Financial LLC increased its stake in Sixth Street Specialty Lending by 21.2% in the third quarter. LPL Financial LLC now owns 166,956 shares of the financial services provider’s stock worth $3,708,000 after purchasing an additional 29,214 shares during the period. Thrivent Financial for Lutherans increased its stake in Sixth Street Specialty Lending by 2.6% in the third quarter. Thrivent Financial for Lutherans now owns 25,627 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 656 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Sixth Street Specialty Lending in the third quarter worth $442,000. Institutional investors own 47.04% of the company’s stock.
About Sixth Street Specialty Lending (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Sixth Street Specialty Lending (TSLX)
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