Sixth Street Specialty Lending, Inc. $TSLX Stock Position Reduced by FJ Capital Management LLC

FJ Capital Management LLC lessened its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 36.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,423 shares of the financial services provider’s stock after selling 33,404 shares during the period. FJ Capital Management LLC’s holdings in Sixth Street Specialty Lending were worth $1,269,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC lifted its holdings in Sixth Street Specialty Lending by 673.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock worth $38,000 after buying an additional 1,508 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Sixth Street Specialty Lending in the 3rd quarter worth approximately $75,000. Redmont Wealth Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending in the 3rd quarter worth approximately $79,000. SG Americas Securities LLC bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $108,000. Finally, Arax Advisory Partners bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $109,000. Institutional investors own 70.25% of the company’s stock.

Insiders Place Their Bets

In other Sixth Street Specialty Lending news, VP Ross Anthony Bruck bought 8,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $17.76 per share, with a total value of $142,080.00. Following the purchase, the vice president directly owned 18,250 shares of the company’s stock, valued at approximately $324,120. The trade was a 78.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on Sixth Street Specialty Lending from $21.00 to $18.50 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Citizens Jmp cut their price target on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen downgraded Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Truist Financial cut their price target 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. Finally, JPMorgan Chase & Co. cut their price target on Sixth Street Specialty Lending from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.83.

Sixth Street Specialty Lending Stock Down 0.1%

Shares of Sixth Street Specialty Lending stock opened at $16.92 on Friday. The business’s fifty day moving average price is $18.03 and its two-hundred day moving average price is $19.59. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.39 and a quick ratio of 3.39. The company has a market capitalization of $1.61 billion, a P/E ratio of 14.71 and a beta of 0.60. Sixth Street Specialty Lending, Inc. has a 1-year low of $16.73 and a 1-year high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.07). The business had revenue of $93.40 million for the quarter, compared to the consensus estimate of $103.14 million. Sixth Street Specialty Lending had a net margin of 25.25% and a return on equity of 11.92%. During the same period in the previous year, the firm earned $0.58 EPS. As a group, research analysts forecast that Sixth Street Specialty Lending, Inc. will post 1.71 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Monday, June 15th. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 146.09%.

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.