Magnus Financial Group LLC purchased a new stake in 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 institutional investor purchased 14,406 shares of the financial services provider's stock, valued at approximately $322,000.
Other large investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in shares of Sixth Street Specialty Lending during the 4th quarter worth $27,000. AdvisorNet Financial Inc acquired a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth $40,000. First Horizon Advisors Inc. grew its holdings in shares of Sixth Street Specialty Lending by 25.3% during the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock worth $49,000 after purchasing an additional 465 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Sixth Street Specialty Lending by 13.3% during the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock worth $100,000 after purchasing an additional 550 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $109,000. Institutional investors own 70.25% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on TSLX shares. Royal Bank of Canada increased their price target on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods raised their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Raymond James reduced their price objective on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. One 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $22.81.
Check Out Our Latest Analysis on TSLX
Sixth Street Specialty Lending Trading Up 0.0%
Shares of TSLX stock traded up $0.01 during trading hours on Tuesday, hitting $23.49. 251,180 shares of the company's stock traded hands, compared to its average volume of 370,218. The stock's 50 day simple moving average is $21.50 and its 200 day simple moving average is $21.78. The stock has a market cap of $2.21 billion, a PE ratio of 11.57 and a beta of 0.83. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $24.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18.
Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its quarterly earnings data 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. The company 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 13.47% and a net margin of 38.67%. During the same period in the previous year, the firm earned $0.52 earnings per share. On average, sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.
Sixth Street Specialty Lending Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 9.21%. Sixth Street Specialty Lending's dividend payout ratio is 97.35%.
About Sixth Street Specialty Lending
(
Free Report)
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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