Round Rock Advisors LLC Acquires 190,469 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Round Rock Advisors LLC raised its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 226.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 274,483 shares of the financial services provider's stock after buying an additional 190,469 shares during the quarter. Sixth Street Specialty Lending accounts for 1.1% of Round Rock Advisors LLC's portfolio, making the stock its 19th largest position. Round Rock Advisors LLC owned about 0.29% of Sixth Street Specialty Lending worth $6,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TSLX. Bank of New York Mellon Corp lifted its stake in Sixth Street Specialty Lending by 7.6% during the fourth quarter. Bank of New York Mellon Corp now owns 12,811 shares of the financial services provider's stock valued at $273,000 after buying an additional 909 shares in the last quarter. 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. Truvestments Capital LLC increased its holdings in shares of Sixth Street Specialty Lending by 7.9% in the 4th quarter. Truvestments Capital LLC now owns 127,065 shares of the financial services provider's stock valued at $2,706,000 after purchasing an additional 9,274 shares during the period. First National Trust Co increased its holdings in shares of Sixth Street Specialty Lending by 83.7% in the 4th quarter. First National Trust Co now owns 214,770 shares of the financial services provider's stock valued at $4,575,000 after purchasing an additional 97,848 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in shares of Sixth Street Specialty Lending by 37.6% in the 4th quarter. Corient Private Wealth LLC now owns 38,464 shares of the financial services provider's stock valued at $819,000 after purchasing an additional 10,508 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSLX. B. Riley began 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. 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 report on Friday, May 2nd. 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 report on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their target price 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 research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of "Buy" and a consensus price target of $22.81.

Sixth Street Specialty Lending Stock Up 0.2%

NYSE:TSLX traded up $0.06 during mid-day trading on Friday, reaching $24.35. The stock had a trading volume of 388,218 shares, compared to its average volume of 398,515. The business's 50 day moving average is $23.01 and its 200 day moving average is $22.17. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $18.58 and a fifty-two week high of $24.46. The stock has a market cap of $2.29 billion, a P/E ratio of 12.88 and a beta of 0.83. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.06 and a quick ratio of 3.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released 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. Sixth Street Specialty Lending had a return on equity of 13.60% and a net margin of 36.59%. The firm had revenue of $113.92 billion for the quarter, compared to the consensus estimate of $116.70 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. As a group, sell-side analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were given 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 payout ratio is currently 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.