40,391 Shares in Sixth Street Specialty Lending, Inc. $TSLX Bought by Ethos Financial Group LLC

Key Points

• Ethos Financial Group LLC has invested approximately $904,000 in Sixth Street Specialty Lending, acquiring 40,391 shares of the company.
• The company recently announced a dividend of $0.46, significantly increasing from a previous dividend of $0.06, resulting in a yield of 770.0%.
• Sixth Street Specialty Lending's stock has seen a 1.1% decline and was trading at $23.96, with a market capitalization of $2.26 billion and a earnings per share (EPS) of $0.56 for the last quarter.

Ethos Financial Group LLC bought a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 40,391 shares of the financial services provider's stock, valued at approximately $904,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its position in Sixth Street Specialty Lending by 1.2% in the first quarter. Raymond James Financial Inc. now owns 831,261 shares of the financial services provider's stock worth $18,604,000 after buying an additional 10,221 shares during the period. Cresset Asset Management LLC increased its position in Sixth Street Specialty Lending by 1.9% in the 1st quarter. Cresset Asset Management LLC now owns 304,206 shares of the financial services provider's stock valued at $6,808,000 after acquiring an additional 5,543 shares during the period. Aberdeen Group plc increased its position in Sixth Street Specialty Lending by 5.1% in the 1st quarter. Aberdeen Group plc now owns 130,680 shares of the financial services provider's stock valued at $2,914,000 after acquiring an additional 6,367 shares during the period. HighTower Advisors LLC increased its position in Sixth Street Specialty Lending by 6.4% in the 1st quarter. HighTower Advisors LLC now owns 43,451 shares of the financial services provider's stock valued at $972,000 after acquiring an additional 2,617 shares during the period. Finally, Barnett & Company Inc. increased its position in Sixth Street Specialty Lending by 3.4% in the 1st quarter. Barnett & Company Inc. now owns 30,050 shares of the financial services provider's stock valued at $673,000 after acquiring an additional 1,000 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock traded up $0.03 during mid-day trading on Wednesday, hitting $24.24. 663,312 shares of the stock traded hands, compared to its average volume of 471,782. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $25.17. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 12.06 and a beta of 0.84. The company's 50-day simple moving average is $23.91 and its 200-day simple moving average is $22.66. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.The company had revenue of $115.00 million for the quarter, compared to analysts' expectations of $110.42 million. During the same period last year, the firm earned $0.58 EPS. As a group, equities research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a -- dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.46 dividend. This represents a dividend yield of 770.0%. The ex-dividend date is Monday, September 15th. This is a positive change from Sixth Street Specialty Lending's previous -- dividend of $0.06. Sixth Street Specialty Lending's payout ratio is presently 91.54%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Raymond James Financial lowered their target price on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. B. Riley assumed coverage on Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They issued a "buy" rating and a $23.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. JMP Securities raised 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 raised 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 investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of "Buy" and a consensus target price of $23.28.

Sixth Street Specialty Lending 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.