Columbus Macro LLC Buys 48,289 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Key Points

• Columbus Macro LLC increased its stake in Sixth Street Specialty Lending, Inc. by 12.4%, owning 437,561 shares worth approximately $10.4 million.
• Sixth Street Specialty Lending reported a quarterly EPS of $0.56, exceeding analysts' expectations of $0.53, with significant revenue growth to $115 million.
• The company recently announced a quarterly dividend of $0.05, resulting in an annualized yield of 0.9%, with a dividend payout ratio of 91.54%.

Columbus Macro LLC lifted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 12.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,561 shares of the financial services provider's stock after purchasing an additional 48,289 shares during the quarter. Sixth Street Specialty Lending comprises 1.3% of Columbus Macro LLC's investment portfolio, making the stock its 16th biggest holding. Columbus Macro LLC owned about 0.47% of Sixth Street Specialty Lending worth $10,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ignite Planners LLC boosted its position in shares of Sixth Street Specialty Lending by 54.1% during the 2nd quarter. Ignite Planners LLC now owns 71,431 shares of the financial services provider's stock worth $1,771,000 after purchasing an additional 25,082 shares in the last quarter. Grimes & Company Inc. bought a new position in shares of Sixth Street Specialty Lending during the 2nd quarter worth about $290,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Sixth Street Specialty Lending by 66.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,050 shares of the financial services provider's stock worth $358,000 after purchasing an additional 6,031 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. boosted its position in shares of Sixth Street Specialty Lending by 4.5% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 24,084 shares of the financial services provider's stock worth $573,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Union Bancaire Privee UBP SA boosted its position in shares of Sixth Street Specialty Lending by 5.1% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 19,319 shares of the financial services provider's stock worth $460,000 after purchasing an additional 935 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Down 1.3%

NYSE:TSLX opened at $21.55 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 10.72 and a beta of 0.85. Sixth Street Specialty Lending, Inc. has a 52 week low of $18.58 and a 52 week high of $25.17. The firm has a 50-day moving average price of $23.73 and a two-hundred day moving average price of $22.91.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $115.00 million during the quarter, compared to analyst estimates of $110.42 million. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. During the same quarter last year, the business posted $0.58 EPS. On average, equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.05 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.20 annualized dividend and a yield of 0.9%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is 91.54%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Sixth Street Specialty Lending in a research report on Wednesday. Wells Fargo & Company raised their price target on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $24.00 price target on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. Finally, JMP Securities raised their price target on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $23.56.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending, Inc NYSE: TSLX is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.

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