Jane Street Group LLC Acquires 11,117 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Jane Street Group LLC raised its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 29.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,373 shares of the financial services provider’s stock after buying an additional 11,117 shares during the quarter. Jane Street Group LLC owned about 0.05% of Sixth Street Specialty Lending worth $1,014,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TSLX. nVerses Capital LLC purchased a new position in shares of Sixth Street Specialty Lending in the 2nd quarter valued at approximately $70,000. Quarry LP lifted its stake in shares of Sixth Street Specialty Lending by 378.3% in the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 3,238 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Sixth Street Specialty Lending in the 3rd quarter valued at approximately $86,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sixth Street Specialty Lending in the 3rd quarter valued at approximately $196,000. Finally, ProShare Advisors LLC lifted its stake in shares of Sixth Street Specialty Lending by 14.5% in the 2nd quarter. ProShare Advisors LLC now owns 14,986 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 1,898 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Price Performance

NYSE:TSLX opened at $21.30 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.99 billion, a P/E ratio of 10.34 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 12 month low of $19.50 and a 12 month high of $22.35. The business’s 50-day moving average is $20.81 and its 200 day moving average is $20.92.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The business had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. During the same period in the prior year, the business posted $0.60 earnings per share. On average, equities research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 7.59%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 89.32%.

Analyst Upgrades and Downgrades

TSLX has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods lowered their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Wells Fargo & Company lowered their price objective on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, November 6th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Buy” and a consensus price target of $22.00.

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.