Columbus Macro LLC Buys 50,354 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Columbus Macro LLC raised its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 547,164 shares of the financial services provider’s stock after purchasing an additional 50,354 shares during the period. Sixth Street Specialty Lending accounts for approximately 1.3% of Columbus Macro LLC’s investment portfolio, making the stock its 15th largest holding. Columbus Macro LLC owned about 0.58% of Sixth Street Specialty Lending worth $11,884,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Tectonic Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending in the 3rd quarter valued at about $12,777,000. Van ECK Associates Corp raised its stake in shares of Sixth Street Specialty Lending by 18.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,529,187 shares of the financial services provider’s stock worth $57,817,000 after acquiring an additional 385,398 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Sixth Street Specialty Lending during the second quarter valued at approximately $4,243,000. Muzinich & Co. Inc. lifted its position in Sixth Street Specialty Lending by 22.7% during the third quarter. Muzinich & Co. Inc. now owns 746,958 shares of the financial services provider’s stock valued at $17,075,000 after acquiring an additional 138,342 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Sixth Street Specialty Lending by 25.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 662,896 shares of the financial services provider’s stock valued at $15,154,000 after acquiring an additional 135,789 shares in the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sixth Street Specialty Lending

In other news, VP Alan Waxman acquired 200,000 shares of Sixth Street Specialty Lending stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of $18.18 per share, for a total transaction of $3,636,000.00. Following the completion of the purchase, the vice president directly owned 500,000 shares in the company, valued at $9,090,000. This trade represents a 66.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 545,000 shares of company stock valued at $9,997,150 over the last quarter. 3.30% of the stock is currently owned by corporate insiders.

Sixth Street Specialty Lending Trading Up 0.0%

NYSE TSLX opened at $17.51 on Monday. The company has a fifty day simple moving average of $19.40 and a two-hundred day simple moving average of $21.12. The stock has a market cap of $1.66 billion, a P/E ratio of 9.67 and a beta of 0.73. Sixth Street Specialty Lending, Inc. has a 12-month low of $16.99 and a 12-month high of $25.17. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 1.08.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). Sixth Street Specialty Lending had a net margin of 37.99% and a return on equity of 12.71%. The company had revenue of $108.25 million for the quarter, compared to analysts’ expectations of $107.11 million. During the same period last year, the firm earned $0.61 earnings per share. On average, analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, March 16th. Sixth Street Specialty Lending’s payout ratio is presently 101.66%.

Analyst Ratings Changes

Several equities analysts have issued reports on TSLX shares. JPMorgan Chase & Co. cut their price target on shares of Sixth Street Specialty Lending from $21.00 to $18.50 and set a “neutral” rating on the stock in a report on Friday, March 13th. Wells Fargo & Company lowered their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. Weiss Ratings downgraded Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Keefe, Bruyette & Woods reduced their target price on Sixth Street Specialty Lending from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Finally, Truist Financial decreased their price target on Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.94.

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.