Sixth Street Specialty Lending, Inc. $TSLX Shares Sold by Cwm LLC

Cwm LLC cut its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 31.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,325 shares of the financial services provider’s stock after selling 43,177 shares during the quarter. Cwm LLC owned 0.10% of Sixth Street Specialty Lending worth $2,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TSLX. Harbor Investment Advisory LLC raised its stake in Sixth Street Specialty Lending by 673.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,508 shares during the period. Advisory Services Network LLC acquired a new position in Sixth Street Specialty Lending in the third quarter valued at approximately $75,000. Redmont Wealth Advisors LLC bought a new position in shares of Sixth Street Specialty Lending during the third quarter valued at approximately $79,000. State of Alaska Department of Revenue bought a new position in shares of Sixth Street Specialty Lending during the third quarter valued at approximately $98,000. Finally, Farther Finance Advisors LLC raised its position in shares of Sixth Street Specialty Lending by 604.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,700 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 4,033 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citizens Jmp cut their price target on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a report on Wednesday. Weiss Ratings lowered Sixth Street Specialty Lending from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Truist Financial cut their target price on Sixth Street Specialty Lending from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Wall Street Zen raised shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Sixth Street Specialty Lending from $21.00 to $18.50 and set a “neutral” rating for the company in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sixth Street Specialty Lending currently has an average rating of “Moderate Buy” and an average price target of $21.81.

Sixth Street Specialty Lending Stock Performance

TSLX opened at $18.67 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 1.08. The business’s 50 day moving average is $18.31 and its 200-day moving average is $20.51. The stock has a market cap of $1.77 billion, a PE ratio of 10.32 and a beta of 0.66. Sixth Street Specialty Lending, Inc. has a twelve month low of $16.99 and a twelve month high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.20). Sixth Street Specialty Lending had a return on equity of 12.71% and a net margin of 37.99%.The business had revenue of $108.25 million during the quarter, compared to the consensus estimate of $107.11 million. During the same period last year, the company earned $0.61 earnings per share. On average, analysts predict that Sixth Street Specialty Lending, Inc. will post 1.97 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

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

Insider Activity at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, VP Alan Waxman purchased 200,000 shares of the stock in a transaction dated Monday, March 9th. The shares were bought at an average cost of $18.18 per share, with a total value of $3,636,000.00. Following the completion of the acquisition, the vice president owned 500,000 shares of the company’s stock, valued at approximately $9,090,000. This trade represents a 66.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 545,000 shares of company stock worth $9,997,150 over the last quarter. 3.22% of the stock is currently owned by company insiders.

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.