Confluence Investment Management LLC Acquires 1,142 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Confluence Investment Management LLC grew its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLXGet Rating) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,714 shares of the financial services provider’s stock after acquiring an additional 1,142 shares during the period. Confluence Investment Management LLC owned about 0.28% of Sixth Street Specialty Lending worth $3,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSLX. Raymond James Financial Services Advisors Inc. grew its position in shares of Sixth Street Specialty Lending by 4.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 15,432 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 590 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Sixth Street Specialty Lending by 25.3% during the 4th quarter. HighTower Advisors LLC now owns 19,201 shares of the financial services provider’s stock worth $448,000 after buying an additional 3,871 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Sixth Street Specialty Lending during the 4th quarter worth about $778,000. PARK CIRCLE Co boosted its holdings in shares of Sixth Street Specialty Lending by 250.0% during the 4th quarter. PARK CIRCLE Co now owns 35,000 shares of the financial services provider’s stock worth $819,000 after buying an additional 25,000 shares during the period. Finally, Legacy Capital Wealth Partners LLC boosted its holdings in shares of Sixth Street Specialty Lending by 4.3% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 54,286 shares of the financial services provider’s stock worth $1,292,000 after buying an additional 2,250 shares during the period. Institutional investors own 43.63% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. TheStreet downgraded shares of Sixth Street Specialty Lending from a “b-” rating to a “c” rating in a report on Thursday, August 11th. Raymond James reduced their target price on shares of Sixth Street Specialty Lending from $25.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, August 4th. Hovde Group dropped their price objective on shares of Sixth Street Specialty Lending to $21.00 in a research note on Friday, May 20th. Finally, StockNews.com cut shares of Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.38.

Sixth Street Specialty Lending Price Performance

Shares of NYSE:TSLX opened at $18.07 on Friday. The firm has a 50 day moving average of $18.91 and a 200-day moving average of $20.58. The stock has a market capitalization of $1.46 billion, a PE ratio of 11.09 and a beta of 1.05. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.01. Sixth Street Specialty Lending, Inc. has a 12 month low of $17.84 and a 12 month high of $24.74.

Sixth Street Specialty Lending (NYSE:TSLXGet Rating) last issued its earnings results on Tuesday, August 2nd. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $63.89 million during the quarter, compared to analysts’ expectations of $69.95 million. Sixth Street Specialty Lending had a net margin of 44.20% and a return on equity of 12.98%. On average, equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 1.95 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, September 14th. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 9.30%. Sixth Street Specialty Lending’s payout ratio is 103.07%.

About Sixth Street Specialty Lending

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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.

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Institutional Ownership by Quarter for Sixth Street Specialty Lending (NYSE:TSLX)

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