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

Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,046 shares of the financial services provider's stock, valued at approximately $516,000.

Several other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter valued at about $17,488,000. Gilman Hill Asset Management LLC increased its stake in Sixth Street Specialty Lending by 382.4% in the 1st quarter. Gilman Hill Asset Management LLC now owns 446,976 shares of the financial services provider's stock valued at $10,003,000 after buying an additional 354,320 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Sixth Street Specialty Lending in the 4th quarter valued at approximately $4,156,000. Parkwood LLC acquired a new position in Sixth Street Specialty Lending in the 4th quarter valued at approximately $3,937,000. Finally, Janney Montgomery Scott LLC increased its stake in Sixth Street Specialty Lending by 108.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 276,845 shares of the financial services provider's stock valued at $6,196,000 after buying an additional 144,096 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Trading Up 1.7%

Sixth Street Specialty Lending stock opened at $24.38 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.06 and a quick ratio of 3.06. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 12.90 and a beta of 0.83. Sixth Street Specialty Lending, Inc. has a one year low of $18.58 and a one year high of $24.42. The company's fifty day moving average price is $22.68 and its two-hundred day moving average price is $22.04.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The business had revenue of $113.92 billion for the quarter, compared to analyst estimates of $116.70 million. Sixth Street Specialty Lending had a return on equity of 13.60% and a net margin of 36.59%. During the same quarter in the prior year, the firm posted $0.52 EPS. On average, analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 9.21%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 97.35%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TSLX shares. B. Riley started coverage on shares of Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They issued a "buy" rating and a $23.00 price target on the stock. Wells Fargo & Company dropped their target price on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Raymond James Financial dropped 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. Finally, JPMorgan Chase & Co. dropped their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sixth Street Specialty Lending has a consensus rating of "Buy" and a consensus target price of $22.81.

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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