Focus Partners Advisor Solutions LLC Buys 28,367 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Focus Partners Advisor Solutions LLC grew its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 174.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,663 shares of the financial services provider’s stock after buying an additional 28,367 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Sixth Street Specialty Lending were worth $937,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Tectonic Advisors LLC acquired a new stake in shares of Sixth Street Specialty Lending during the third quarter worth $12,777,000. Bank of Montreal Can acquired a new position in Sixth Street Specialty Lending in the 2nd quarter worth $7,719,000. OMERS ADMINISTRATION Corp acquired a new position in Sixth Street Specialty Lending in the 2nd quarter worth $4,243,000. Muzinich & Co. Inc. increased its holdings in Sixth Street Specialty Lending by 22.7% during the 3rd quarter. Muzinich & Co. Inc. now owns 746,958 shares of the financial services provider’s stock worth $17,075,000 after purchasing an additional 138,342 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Sixth Street Specialty Lending by 25.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 662,896 shares of the financial services provider’s stock worth $15,154,000 after purchasing an additional 135,789 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

TSLX has been the topic of a number of research reports. Wells Fargo & Company cut their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 17th. Citizens Jmp reiterated a “market outperform” rating and set a $25.00 price objective on shares of Sixth Street Specialty Lending in a report on Wednesday, February 18th. Wall Street Zen lowered Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. cut their target price on Sixth Street Specialty Lending from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. Finally, Truist Financial reduced 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 report on Tuesday, February 17th. One investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Sixth Street Specialty Lending Price Performance

Shares of TSLX opened at $18.33 on Friday. The company’s 50-day moving average is $20.56 and its 200-day moving average is $21.83. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.83 and a quick ratio of 2.83. The firm has a market capitalization of $1.74 billion, a PE ratio of 10.13 and a beta of 0.73. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $16.99 and a fifty-two week high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Thursday, February 12th. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate 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 company had revenue of $108.25 million for the quarter, compared to the consensus estimate of $107.11 million. During the same period in the previous year, the firm posted $0.61 EPS. Equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

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

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.