Generali Investments CEE investicni spolecnost a.s. Purchases New Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,046 shares of the financial services provider's stock, valued at approximately $516,000.

A number of other hedge funds have also made changes to their positions in TSLX. Progeny 3 Inc. increased its stake in Sixth Street Specialty Lending by 6.1% during the 4th quarter. Progeny 3 Inc. now owns 2,390,680 shares of the financial services provider's stock worth $50,921,000 after buying an additional 137,906 shares during the period. Sound Income Strategies LLC grew its holdings in Sixth Street Specialty Lending by 2.4% during the 1st quarter. Sound Income Strategies LLC now owns 2,361,139 shares of the financial services provider's stock worth $52,842,000 after acquiring an additional 55,767 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in Sixth Street Specialty Lending by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 2,192,486 shares of the financial services provider's stock worth $46,700,000 after acquiring an additional 37,442 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Sixth Street Specialty Lending by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,183,141 shares of the financial services provider's stock worth $25,201,000 after acquiring an additional 33,026 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Sixth Street Specialty Lending during the 4th quarter worth $17,488,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock traded up $0.05 during midday trading on Wednesday, reaching $24.16. 224,012 shares of the company were exchanged, compared to its average volume of 481,677. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $24.42. The company has a market cap of $2.27 billion, a P/E ratio of 12.78 and a beta of 0.83. The company's 50 day moving average price is $22.74 and its two-hundred day moving average price is $22.08. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.06 and a current ratio of 3.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. Sixth Street Specialty Lending had a net margin of 36.59% and a return on equity of 13.60%. The company had revenue of $113.92 billion for the quarter, compared to the consensus estimate of $116.70 million. During the same period in the previous year, the firm earned $0.52 EPS. On average, sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were issued a $0.06 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 9.21%. Sixth Street Specialty Lending's payout ratio is currently 97.35%.

Wall Street Analyst Weigh In

TSLX has been the subject of several recent analyst reports. B. Riley initiated coverage on shares of Sixth Street Specialty Lending in a report on Tuesday, May 13th. They set a "buy" rating and a $23.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company decreased their price target on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Raymond James Financial decreased their price target on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $22.81.

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.