Hennion & Walsh Asset Management Inc. Has $807,000 Stake in Sixth Street Specialty Lending, Inc. $TSLX

Hennion & Walsh Asset Management Inc. lowered its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 44.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,281 shares of the financial services provider’s stock after selling 28,630 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Sixth Street Specialty Lending were worth $807,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in Sixth Street Specialty Lending by 8.0% during the first quarter. Royal Bank of Canada now owns 124,241 shares of the financial services provider’s stock worth $2,780,000 after purchasing an additional 9,230 shares during the period. Integrated Wealth Concepts LLC boosted its position in Sixth Street Specialty Lending by 38.5% during the first quarter. Integrated Wealth Concepts LLC now owns 16,539 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 4,597 shares during the period. Confluence Investment Management LLC increased its holdings in shares of Sixth Street Specialty Lending by 14.6% in the second quarter. Confluence Investment Management LLC now owns 288,066 shares of the financial services provider’s stock valued at $6,859,000 after purchasing an additional 36,650 shares during the last quarter. Mirador Capital Partners LP raised its position in shares of Sixth Street Specialty Lending by 4.4% in the second quarter. Mirador Capital Partners LP now owns 21,920 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 919 shares during the period. Finally, Gilman Hill Asset Management LLC grew its stake in Sixth Street Specialty Lending by 4.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 465,241 shares of the financial services provider’s stock valued at $11,077,000 after buying an additional 18,265 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Robert J. Stanley bought 10,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of $20.85 per share, for a total transaction of $208,500.00. Following the completion of the acquisition, the chief executive officer directly owned 24,907 shares in the company, valued at approximately $519,310.95. This trade represents a 67.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TSLX shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, December 24th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $24.00 target price on shares of Sixth Street Specialty Lending in a report on Wednesday, October 1st. Wells Fargo & Company lowered their price target on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Keefe, Bruyette & Woods cut their price target on 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 dropped their price objective 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 issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Sixth Street Specialty Lending Trading Down 0.1%

Shares of Sixth Street Specialty Lending stock opened at $21.88 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 4.73 and a current ratio of 4.73. Sixth Street Specialty Lending, Inc. has a 52 week low of $18.58 and a 52 week high of $25.17. The stock has a 50 day moving average price of $21.70 and a two-hundred day moving average price of $22.89. The stock has a market capitalization of $2.07 billion, a PE ratio of 10.73 and a beta of 0.70.

Sixth Street Specialty Lending (NYSE:TSLX) last released 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. The firm had revenue of $109.40 million for the quarter, compared to the consensus estimate of $108.35 million. Sixth Street Specialty Lending had a net margin of 41.24% and a return on equity of 13.20%. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, equities analysts anticipate 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 business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, December 15th. This represents a $0.12 annualized dividend and a yield of 0.5%. Sixth Street Specialty Lending’s dividend payout ratio is 90.20%.

Sixth Street Specialty Lending Company 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.