Magnus Financial Group LLC Invests $322,000 in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Magnus Financial Group LLC acquired a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,406 shares of the financial services provider's stock, valued at approximately $322,000.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth $17,488,000. Gilman Hill Asset Management LLC lifted its holdings in shares of 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 worth $10,003,000 after purchasing an additional 354,320 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth $4,156,000. Parkwood LLC bought a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth $3,937,000. Finally, Progeny 3 Inc. lifted its holdings in shares of Sixth Street Specialty Lending by 6.1% in the 4th quarter. Progeny 3 Inc. now owns 2,390,680 shares of the financial services provider's stock worth $50,921,000 after purchasing an additional 137,906 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSLX. Royal Bank of Canada increased their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Raymond James cut their target price on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. B. Riley assumed coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They issued a "buy" rating and a $23.00 target price on the stock. Keefe, Bruyette & Woods increased their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sixth Street Specialty Lending currently has a consensus rating of "Buy" and a consensus price target of $22.81.

Sixth Street Specialty Lending Price Performance

Shares of NYSE:TSLX opened at $23.36 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The stock's fifty day simple moving average is $21.44 and its two-hundred day simple moving average is $21.73. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $23.67. The stock has a market cap of $2.19 billion, a PE ratio of 11.51 and a beta of 0.83.

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 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The business had revenue of $113.92 billion for the quarter, compared to analysts' expectations of $116.70 million. During the same period last year, the business earned $0.52 EPS. As a group, analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.06 per share. This represents a dividend yield of 9.21%. The ex-dividend date is Friday, May 30th. Sixth Street Specialty Lending's dividend payout ratio is presently 97.35%.

About Sixth Street Specialty Lending

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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