Cwm LLC Buys 71,126 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Cwm LLC boosted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 110.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,502 shares of the financial services provider’s stock after acquiring an additional 71,126 shares during the period. Cwm LLC owned approximately 0.14% of Sixth Street Specialty Lending worth $3,098,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TSLX. Strs Ohio bought a new stake in shares of Sixth Street Specialty Lending in the 1st quarter worth approximately $79,698,000. Progeny 3 Inc. raised its stake in shares of Sixth Street Specialty Lending by 1.0% in the second quarter. Progeny 3 Inc. now owns 2,476,398 shares of the financial services provider’s stock valued at $58,963,000 after purchasing an additional 23,451 shares in the last quarter. Sound Income Strategies LLC lifted its position in Sixth Street Specialty Lending by 1.9% in the second quarter. Sound Income Strategies LLC now owns 2,406,296 shares of the financial services provider’s stock worth $57,294,000 after purchasing an additional 45,157 shares during the period. Burgundy Asset Management Ltd. boosted its stake in Sixth Street Specialty Lending by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 2,378,968 shares of the financial services provider’s stock worth $56,643,000 after buying an additional 31,922 shares in the last quarter. Finally, Ares Management LLC increased its holdings in Sixth Street Specialty Lending by 2.2% in the 2nd quarter. Ares Management LLC now owns 1,402,689 shares of the financial services provider’s stock valued at $33,398,000 after buying an additional 30,000 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSLX. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, December 24th. Wells Fargo & Company dropped their price target on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $24.00 price objective on shares of Sixth Street Specialty Lending in a report on Wednesday, October 1st. Keefe, Bruyette & Woods lowered their price objective on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada dropped their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Sixth Street Specialty Lending currently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Sixth Street Specialty Lending Trading Down 0.3%

Shares of TSLX stock opened at $21.77 on Friday. The company has a market capitalization of $2.06 billion, a P/E ratio of 10.67 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 firm has a 50-day moving average price of $21.80 and a 200 day moving average price of $22.94.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $108.35 million. During the same quarter last year, the business posted $0.57 earnings per share. Research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

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

Insider Buying and Selling

In other Sixth Street Specialty Lending news, CEO Robert J. Stanley acquired 10,000 shares of Sixth Street Specialty Lending stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of $20.85 per share, with a total value of $208,500.00. Following the completion of the purchase, the chief executive officer owned 24,907 shares in the company, valued at $519,310.95. This trade represents a 67.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.22% of the company’s stock.

Sixth Street Specialty Lending Profile

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.