864,107 Shares in Sixth Street Specialty Lending, Inc. $TSLX Bought by Advisors Capital Management LLC

Advisors Capital Management LLC acquired a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 864,107 shares of the financial services provider's stock, valued at approximately $14,837,000. Advisors Capital Management LLC owned 0.91% of Sixth Street Specialty Lending as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc lifted its position in Sixth Street Specialty Lending by 16.0% in the 4th quarter. Legal & General Group Plc now owns 665,352 shares of the financial services provider's stock worth $14,455,000 after buying an additional 91,578 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Sixth Street Specialty Lending in the first quarter worth approximately $2,809,000. Texas Capital Bank Wealth Management Services Inc bought a new position in Sixth Street Specialty Lending during the second quarter valued at approximately $3,017,000. OMERS ADMINISTRATION Corp grew its position in Sixth Street Specialty Lending by 157.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 469,109 shares of the financial services provider's stock valued at $10,189,000 after acquiring an additional 286,724 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new position in shares of Sixth Street Specialty Lending during the first quarter worth approximately $1,114,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TSLX. Wells Fargo & Company decreased their target price on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, May 7th. Zacks Research upgraded shares of Sixth Street Specialty Lending from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Truist Financial reduced their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 7th. Wall Street Zen upgraded Sixth Street Specialty Lending from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. lowered their target price on Sixth Street Specialty Lending from $17.50 to $16.50 and set a "neutral" rating for the company in a research note on Thursday, July 2nd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.83.

Sixth Street Specialty Lending Price Performance

TSLX stock opened at $18.78 on Friday. Sixth Street Specialty Lending, Inc. has a 1 year low of $16.04 and a 1 year high of $24.79. The company has a market cap of $1.78 billion, a P/E ratio of 19.77 and a beta of 0.59. The firm has a 50-day moving average of $17.44 and a 200 day moving average of $18.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 9.83 and a quick ratio of 9.83.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.The company had revenue of $97.84 million for the quarter, compared to analyst estimates of $95.28 million. During the same period in the previous year, the company posted $0.56 earnings per share. On average, sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 1.74 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is 176.84%.

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.

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