135,502 Sixth Street Specialty Lending, Inc. $TSLX Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC raised its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 16.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 980,705 shares of the financial services provider’s stock after purchasing an additional 135,502 shares during the quarter. Sixth Street Specialty Lending makes up 0.8% of Tectonic Advisors LLC’s holdings, making the stock its 26th largest position. Tectonic Advisors LLC’s holdings in Sixth Street Specialty Lending were worth $17,672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sage Investment Counsel LLC boosted its stake in shares of Sixth Street Specialty Lending by 3.2% during the 1st quarter. Sage Investment Counsel LLC now owns 25,577 shares of the financial services provider’s stock valued at $470,000 after buying an additional 800 shares during the period. Pasadena Private Wealth LLC grew its holdings in shares of Sixth Street Specialty Lending by 11.7% during the 1st quarter. Pasadena Private Wealth LLC now owns 14,289 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 1,500 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of Sixth Street Specialty Lending by 3.9% in the third quarter. Diversify Advisory Services LLC now owns 44,126 shares of the financial services provider’s stock worth $776,000 after acquiring an additional 1,668 shares during the last quarter. Platform Technology Partners increased its stake in shares of Sixth Street Specialty Lending by 5.8% in the first quarter. Platform Technology Partners now owns 36,444 shares of the financial services provider’s stock worth $670,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Columbus Macro LLC increased its stake in shares of Sixth Street Specialty Lending by 0.4% in the first quarter. Columbus Macro LLC now owns 549,170 shares of the financial services provider’s stock worth $10,094,000 after acquiring an additional 2,006 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Down 1.6%

TSLX stock traded down $0.27 during trading hours on Friday, hitting $17.11. The company’s stock had a trading volume of 400,887 shares, compared to its average volume of 515,018. 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 company has a market capitalization of $1.63 billion, a PE ratio of 18.01 and a beta of 0.62. Sixth Street Specialty Lending, Inc. has a 12 month low of $16.04 and a 12 month high of $23.19. The stock has a 50 day moving average price of $17.99 and a two-hundred day moving average price of $17.80.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $97.84 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $0.56 EPS. On average, equities research analysts expect that Sixth Street Specialty Lending, Inc. will post 1.74 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.42 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.68 dividend on an annualized basis and a yield of 9.8%. Sixth Street Specialty Lending’s dividend payout ratio is currently 176.84%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TSLX shares. Zacks Research upgraded Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Wall Street Zen raised Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods upped their target price on Sixth Street Specialty Lending from $18.50 to $19.50 and gave the stock an “outperform” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. cut their price target on Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Finally, Weiss Ratings lowered Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.83.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending, Inc is a business development company (BDC) that provides financing to middle-market companies. The company primarily invests in privately negotiated debt and equity investments, with a focus on supporting businesses that may have limited access to traditional bank financing.

Its investment portfolio generally includes first-lien and second-lien loans, unitranche financing, mezzanine debt, and related equity investments. Sixth Street Specialty Lending seeks to generate income through interest payments and other investment returns while providing customized financing solutions for acquisitions, recapitalizations, refinancings, growth initiatives, and other corporate purposes.

The company was formed in 2011 and is externally managed by an affiliate of Sixth Street, an investment firm focused on credit and other asset classes.