HighTower Advisors LLC Buys 2,617 Shares of Sixth Street Specialty Lending, Inc. $TSLX

HighTower Advisors LLC increased its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,451 shares of the financial services provider’s stock after purchasing an additional 2,617 shares during the period. HighTower Advisors LLC’s holdings in Sixth Street Specialty Lending were worth $972,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TSLX. Ameriflex Group Inc. bought a new position in shares of Sixth Street Specialty Lending in the fourth quarter worth approximately $27,000. AdvisorNet Financial Inc bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth approximately $40,000. Rossby Financial LCC bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth approximately $62,000. Redmont Wealth Advisors LLC bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth approximately $97,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth approximately $117,000. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. JMP Securities increased their price target on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. B. Riley began coverage on shares of Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They set a “buy” rating and a $23.00 price target on the stock. Finally, Raymond James Financial reduced their price target on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $23.28.

Sixth Street Specialty Lending Stock Up 0.4%

Shares of NYSE TSLX opened at $24.24 on Thursday. Sixth Street Specialty Lending, Inc. has a one year low of $18.58 and a one year high of $25.17. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79. The firm’s 50 day simple moving average is $24.05 and its two-hundred day simple moving average is $22.74. The stock has a market capitalization of $2.28 billion, a P/E ratio of 12.06 and a beta of 0.84.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $115.00 million during the quarter, compared to analyst estimates of $110.42 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 19th. Stockholders of record on Monday, September 1st will be paid a dividend of $0.05 per share. This represents a dividend yield of 864.0%. The ex-dividend date of this dividend is Friday, August 29th. Sixth Street Specialty Lending’s dividend payout ratio is 91.54%.

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.