LPL Financial LLC Buys 34,053 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

LPL Financial LLC grew its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 12.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 303,520 shares of the financial services provider’s stock after acquiring an additional 34,053 shares during the quarter. LPL Financial LLC owned 0.37% of Sixth Street Specialty Lending worth $5,554,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TSLX. Brown Advisory Inc. lifted its stake in shares of Sixth Street Specialty Lending by 169.1% in the first quarter. Brown Advisory Inc. now owns 63,942 shares of the financial services provider’s stock worth $1,170,000 after buying an additional 40,181 shares in the last quarter. Eagle Global Advisors LLC bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth approximately $273,000. Wambolt & Associates LLC lifted its stake in shares of Sixth Street Specialty Lending by 2.8% in the first quarter. Wambolt & Associates LLC now owns 118,507 shares of the financial services provider’s stock worth $2,149,000 after buying an additional 3,193 shares in the last quarter. Partners Group Holding AG bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth approximately $8,605,000. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its stake in shares of Sixth Street Specialty Lending by 3.6% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 23,300 shares of the financial services provider’s stock worth $426,000 after buying an additional 800 shares in the last quarter. 48.66% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock opened at $20.17 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.11. Sixth Street Specialty Lending, Inc. has a 12 month low of $16.02 and a 12 month high of $20.97. The stock has a market cap of $1.76 billion, a P/E ratio of 8.85 and a beta of 1.06. The company has a 50 day simple moving average of $19.62 and a two-hundred day simple moving average of $18.73.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $107.61 million during the quarter, compared to the consensus estimate of $101.30 million. Sixth Street Specialty Lending had a net margin of 48.89% and a return on equity of 13.22%. On average, research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.27 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.46 dividend. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a yield of 9.12%. Sixth Street Specialty Lending’s dividend payout ratio is presently 80.70%.

Wall Street Analyst Weigh In

Several research firms recently commented on TSLX. Royal Bank of Canada lifted their price objective on Sixth Street Specialty Lending from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. StockNews.com began coverage on shares of Sixth Street Specialty Lending in a report on Thursday, August 17th. They set a “hold” rating for the company. B. Riley raised their target price on shares of Sixth Street Specialty Lending from $21.00 to $22.00 in a report on Monday, August 7th. JMP Securities reiterated a “market outperform” rating and set a $21.00 target price on shares of Sixth Street Specialty Lending in a research note on Friday, August 18th. Finally, TheStreet raised Sixth Street Specialty Lending from a “c+” rating to a “b” rating in a report on Wednesday, August 16th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.14.

Sixth Street Specialty Lending Profile

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.