Sixth Street Specialty Lending, Inc. $TSLX Shares Purchased by Ignite Planners LLC

Ignite Planners LLC grew its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 54.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 71,358 shares of the financial services provider’s stock after purchasing an additional 25,009 shares during the quarter. Ignite Planners LLC’s holdings in Sixth Street Specialty Lending were worth $1,770,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Horizon Advisors Inc. grew its position in 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 purchasing an additional 1,753 shares in the last quarter. SVB Wealth LLC acquired a new stake in Sixth Street Specialty Lending during the 1st quarter worth about $107,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Sixth Street Specialty Lending during the 1st quarter valued at about $117,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Sixth Street Specialty Lending in the 1st quarter valued at about $201,000. Finally, LexAurum Advisors LLC purchased a new stake in shares of Sixth Street Specialty Lending in the second quarter worth approximately $201,000. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Stock Down 0.8%

NYSE:TSLX opened at $21.33 on Friday. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $25.17. The stock’s fifty day moving average price is $22.52 and its two-hundred day moving average price is $23.10. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 10.61 and a beta of 0.84.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. The firm had revenue of $109.40 million for the quarter, compared to analyst estimates of $108.35 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. On average, analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 15th. Sixth Street Specialty Lending’s payout ratio is presently 90.20%.

Analyst Ratings Changes

Several research analysts have weighed in on TSLX shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $24.00 price objective on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 1st. JMP Securities lifted their price target on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. Keefe, Bruyette & Woods dropped their price target on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Wells Fargo & Company decreased their price objective on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, October 8th. 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. According to MarketBeat, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and a consensus price target of $23.63.

About Sixth Street Specialty Lending

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.