Sixth Street Specialty Lending, Inc. $TSLX Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 21.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 527,107 shares of the financial services provider’s stock after acquiring an additional 91,500 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.56% of Sixth Street Specialty Lending worth $12,550,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Mirador Capital Partners LP increased its stake in shares of Sixth Street Specialty Lending by 4.4% during the second quarter. Mirador Capital Partners LP now owns 21,920 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 919 shares during the period. Union Bancaire Privee UBP SA increased its stake in shares of Sixth Street Specialty Lending by 5.1% during the second quarter. Union Bancaire Privee UBP SA now owns 19,319 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 935 shares during the period. Barnett & Company Inc. increased its stake in shares of Sixth Street Specialty Lending by 3.4% during the first quarter. Barnett & Company Inc. now owns 30,050 shares of the financial services provider’s stock valued at $673,000 after acquiring an additional 1,000 shares during the period. Generali Investments CEE investicni spolecnost a.s. increased its stake in shares of Sixth Street Specialty Lending by 4.5% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 24,084 shares of the financial services provider’s stock valued at $573,000 after acquiring an additional 1,038 shares during the period. Finally, Riverbridge Partners LLC increased its stake in shares of Sixth Street Specialty Lending by 3.4% during the second quarter. Riverbridge Partners LLC now owns 48,835 shares of the financial services provider’s stock valued at $1,163,000 after acquiring an additional 1,592 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Trading Down 0.4%

NYSE TSLX opened at $22.77 on Thursday. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $25.17. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 11.33 and a beta of 0.85. The firm’s 50 day moving average price is $23.09 and its two-hundred day moving average price is $23.01.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $115.00 million for the quarter, compared to analysts’ expectations of $110.42 million. During the same period in the previous year, the company posted $0.58 EPS. Equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.46 per share. This represents a yield of 770.0%. The ex-dividend date was Monday, September 15th. This is a positive change from Sixth Street Specialty Lending’s previous — dividend of $0.06. Sixth Street Specialty Lending’s dividend payout ratio is presently 91.54%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TSLX shares. Weiss Ratings restated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $24.00 price target on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. Wells Fargo & Company lifted their price target 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. Finally, JMP Securities lifted their price target on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.56.

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.