Riverbridge Partners LLC Acquires 1,592 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Riverbridge Partners LLC lifted its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,835 shares of the financial services provider’s stock after buying an additional 1,592 shares during the period. Riverbridge Partners LLC owned about 0.05% of Sixth Street Specialty Lending worth $1,163,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TSLX. Strs Ohio purchased a new stake in Sixth Street Specialty Lending during the first quarter valued at approximately $79,698,000. SCS Capital Management LLC bought a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at approximately $13,545,000. Gilman Hill Asset Management LLC raised its holdings in Sixth Street Specialty Lending by 382.4% during the 1st quarter. Gilman Hill Asset Management LLC now owns 446,976 shares of the financial services provider’s stock valued at $10,003,000 after buying an additional 354,320 shares during the period. Allen Investment Management LLC lifted its position in Sixth Street Specialty Lending by 24.4% in the first quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider’s stock worth $32,114,000 after buying an additional 281,339 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Sixth Street Specialty Lending during the fourth quarter worth $4,156,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

Shares of Sixth Street Specialty Lending stock opened at $22.91 on Friday. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.07. The stock’s fifty day moving average price is $24.07 and its 200-day moving average price is $22.90. The firm has a market cap of $2.16 billion, a P/E ratio of 11.40 and a beta of 0.85. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $25.17.

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

Sixth Street Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.05 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. Sixth Street Specialty Lending’s payout ratio is currently 91.54%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JMP Securities raised their price objective on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. Wells Fargo & Company increased their price target on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Buy” and an average target price of $23.28.

About Sixth Street Specialty Lending

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.