Cwm LLC Buys 63,567 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Key Points

• Cwm LLC significantly increased its stake in Sixth Street Specialty Lending by 7,857.5%, acquiring an additional 63,567 shares during the second quarter.
• Sixth Street Specialty Lending reported a quarterly earnings surprise, with earnings per share of $0.56, surpassing the consensus estimate of $0.53, and a revenue of $115 million.
• The company declared a quarterly dividend of $0.05, resulting in an annualized dividend yield of 0.9%, with a payout ratio of approximately 91.54%.

Cwm LLC lifted its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 7,857.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,376 shares of the financial services provider's stock after acquiring an additional 63,567 shares during the period. Cwm LLC owned 0.07% of Sixth Street Specialty Lending worth $1,533,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Strs Ohio bought a new position in shares of Sixth Street Specialty Lending in the 1st quarter worth $79,698,000. Sound Income Strategies LLC raised its position in shares of Sixth Street Specialty Lending by 1.9% in the 2nd quarter. Sound Income Strategies LLC now owns 2,406,296 shares of the financial services provider's stock worth $57,294,000 after acquiring an additional 45,157 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Sixth Street Specialty Lending by 7.0% in the 1st quarter. Burgundy Asset Management Ltd. now owns 2,347,046 shares of the financial services provider's stock worth $52,527,000 after acquiring an additional 154,560 shares in the last quarter. Allen Investment Management LLC raised its position in shares of Sixth Street Specialty Lending by 24.4% in the 1st quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider's stock worth $32,114,000 after acquiring an additional 281,339 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of Sixth Street Specialty Lending by 3.9% in the 1st quarter. LSV Asset Management now owns 1,177,111 shares of the financial services provider's stock worth $26,344,000 after acquiring an additional 44,449 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Trading Up 1.1%

Shares of NYSE:TSLX opened at $21.52 on Monday. The business's 50-day moving average is $23.38 and its 200 day moving average is $22.87. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.58 and a 1 year high of $25.17. The firm has a market capitalization of $2.03 billion, a P/E ratio of 10.71 and a beta of 0.85. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $115.00 million for the quarter, compared to analyst estimates of $110.42 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.During the same period in the prior year, the company earned $0.58 earnings per share. On average, research analysts predict 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. Stockholders of record on Monday, September 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. Sixth Street Specialty Lending's dividend payout ratio is currently 91.54%.

Wall Street Analysts Forecast Growth

TSLX has been the subject of several recent research reports. JPMorgan Chase & Co. reissued 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 8th. JMP Securities upped their target price on 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. Finally, Wells Fargo & Company upped their target price on 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Sixth Street Specialty Lending currently has an average rating of "Moderate Buy" and a consensus target price of $23.56.

Sixth Street Specialty Lending Company Profile

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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