Columbus Macro LLC Has $11.36 Million Stock Holdings in Sixth Street Specialty Lending, Inc. $TSLX

Columbus Macro LLC lifted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 13.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 496,810 shares of the financial services provider’s stock after purchasing an additional 59,249 shares during the quarter. Sixth Street Specialty Lending accounts for approximately 1.3% of Columbus Macro LLC’s holdings, making the stock its 13th biggest holding. Columbus Macro LLC owned approximately 0.53% of Sixth Street Specialty Lending worth $11,357,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ bought a new stake in Sixth Street Specialty Lending during the first quarter worth about $362,000. Royal Bank of Canada boosted its holdings in shares of Sixth Street Specialty Lending by 8.0% in the 1st quarter. Royal Bank of Canada now owns 124,241 shares of the financial services provider’s stock worth $2,780,000 after acquiring an additional 9,230 shares in the last quarter. FJ Capital Management LLC bought a new stake in Sixth Street Specialty Lending during the 1st quarter worth approximately $804,000. Focus Partners Advisor Solutions LLC acquired a new stake in Sixth Street Specialty Lending during the 1st quarter valued at $201,000. Finally, Advisors Asset Management Inc. raised its position in Sixth Street Specialty Lending by 4.0% in the 1st quarter. Advisors Asset Management Inc. now owns 177,290 shares of the financial services provider’s stock valued at $3,968,000 after purchasing an additional 6,809 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on TSLX. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $24.00 price objective on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday. Wells Fargo & Company decreased their price objective on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Keefe, Bruyette & Woods dropped their target price on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada reduced their target price on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock opened at $21.70 on Friday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 10.64 and a beta of 0.70. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $25.17. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.13. The stock has a 50-day moving average price of $21.82 and a 200 day moving average price of $22.98.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Sixth Street Specialty Lending had a net margin of 41.24% and a return on equity of 13.20%. The company had revenue of $109.40 million for the quarter, compared to the consensus estimate of $108.35 million. During the same period in the prior year, the company posted $0.57 EPS. Research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 90.20%.

Insider Buying and Selling

In other Sixth Street Specialty Lending news, CEO Robert J. Stanley bought 10,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of $20.85 per share, with a total value of $208,500.00. Following the acquisition, the chief executive officer owned 24,907 shares of the company’s stock, valued at approximately $519,310.95. The trade was a 67.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.22% of the company’s stock.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.