Melia Wealth LLC Makes New $8.35 Million Investment in Sixth Street Specialty Lending, Inc. $TSLX

Key Points

• Melia Wealth LLC acquired 486,337 shares of Sixth Street Specialty Lending worth approximately $8.35 million, representing about 4.8% of the firm’s portfolio and 0.51% of TSLX’s outstanding shares.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Holds; the stock has an average “Moderate Buy” rating and a consensus price target of $19.83.
• TSLX reported quarterly EPS of $0.43, topping estimates, and declared a quarterly dividend of $0.42 per share, equivalent to a 9.0% annualized yield.

Melia Wealth LLC acquired a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 486,337 shares of the financial services provider's stock, valued at approximately $8,350,000. Sixth Street Specialty Lending accounts for about 4.8% of Melia Wealth LLC's holdings, making the stock its 12th biggest position. Melia Wealth LLC owned about 0.51% of Sixth Street Specialty Lending at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Legal & General Group Plc boosted its stake in shares of Sixth Street Specialty Lending by 16.0% during the 4th quarter. Legal & General Group Plc now owns 665,352 shares of the financial services provider's stock worth $14,455,000 after acquiring an additional 91,578 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Sixth Street Specialty Lending in the 1st quarter worth approximately $2,809,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Sixth Street Specialty Lending during the second quarter valued at approximately $3,017,000. OMERS ADMINISTRATION Corp lifted its holdings in shares of Sixth Street Specialty Lending by 157.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 469,109 shares of the financial services provider's stock valued at $10,189,000 after acquiring an additional 286,724 shares during the period. Finally, Rivernorth Capital Management LLC bought a new position in shares of Sixth Street Specialty Lending in the first quarter worth about $5,348,000. Institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSLX. Zacks Research raised Sixth Street Specialty Lending from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Sixth Street Specialty Lending from $18.50 to $19.50 and gave the company an "outperform" rating in a research report on Monday, August 10th. Truist Financial reduced their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, May 7th. Wall Street Zen raised Sixth Street Specialty Lending from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Wells Fargo & Company reduced their price objective on Sixth Street Specialty Lending from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Sixth Street Specialty Lending presently has an average rating of "Moderate Buy" and an average target price of $19.83.

Sixth Street Specialty Lending Trading Down 0.4%

Shares of NYSE:TSLX opened at $18.74 on Friday. The company's 50-day moving average price is $17.67 and its two-hundred day moving average price is $17.96. Sixth Street Specialty Lending, Inc. has a one year low of $16.04 and a one year high of $24.79. The company has a debt-to-equity ratio of 1.24, a current ratio of 9.83 and a quick ratio of 9.83. The stock has a market capitalization of $1.78 billion, a PE ratio of 19.73 and a beta of 0.59.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. Sixth Street Specialty Lending had a return on equity of 11.33% and a net margin of 21.79%.The business had revenue of $97.84 million for the quarter, compared to the consensus estimate of $95.28 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. On average, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 1.74 EPS for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.68 annualized dividend and a dividend yield of 9.0%. Sixth Street Specialty Lending's payout ratio is 176.84%.

Sixth Street Specialty Lending Profile

Sixth Street Specialty Lending Inc NYSE: TSLX is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.

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