BlackRock Inc. Purchases New Position in Sixth Street Specialty Lending, Inc. $TSLX

BlackRock Inc. bought a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 435,903 shares of the financial services provider's stock, valued at approximately $7,484,000. BlackRock Inc. owned approximately 0.46% of Sixth Street Specialty Lending as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quantum Portfolio Management LLC bought a new position in shares of Sixth Street Specialty Lending in the 1st quarter valued at approximately $273,434,000. Strs Ohio grew its position in shares of Sixth Street Specialty Lending by 101.8% in the first quarter. Strs Ohio now owns 4,347,710 shares of the financial services provider's stock valued at $79,911,000 after purchasing an additional 2,193,551 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Sixth Street Specialty Lending by 2.4% in the first quarter. Sound Income Strategies LLC now owns 2,571,052 shares of the financial services provider's stock worth $46,562,000 after purchasing an additional 59,937 shares during the period. Progeny 3 Inc. grew its holdings in Sixth Street Specialty Lending by 1.0% in the 2nd quarter. Progeny 3 Inc. now owns 2,476,398 shares of the financial services provider's stock valued at $58,963,000 after buying an additional 23,451 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Sixth Street Specialty Lending by 419.5% during the 4th quarter. Bank of Montreal Can now owns 2,284,920 shares of the financial services provider's stock worth $49,628,000 after purchasing an additional 1,845,088 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TSLX. Keefe, Bruyette & Woods increased their price target on shares of Sixth Street Specialty Lending from $18.50 to $19.50 and gave the stock an "outperform" rating in a research report on Monday, August 10th. 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. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Sixth Street Specialty Lending in a report on Thursday, August 13th. Wall Street Zen raised shares of Sixth Street Specialty Lending from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Sixth Street Specialty Lending from $17.50 to $16.50 and set a "neutral" rating for the company in a research report on Thursday, July 2nd. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.83.

Sixth Street Specialty Lending Trading Up 0.4%

TSLX stock opened at $18.39 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 9.83 and a current ratio of 9.83. The company has a market capitalization of $1.75 billion, a PE ratio of 19.36 and a beta of 0.61. The company's 50-day simple moving average is $17.90 and its 200 day simple moving average is $17.91. Sixth Street Specialty Lending, Inc. has a 52 week low of $16.04 and a 52 week high of $24.79.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $97.84 million for the quarter, compared to analyst estimates of $95.28 million. During the same quarter last year, the company earned $0.56 EPS. As a group, sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 1.74 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Tuesday, September 15th. Sixth Street Specialty Lending's payout ratio is currently 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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