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

Round Rock Advisors LLC boosted its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 226.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 274,483 shares of the financial services provider's stock after purchasing an additional 190,469 shares during the period. Sixth Street Specialty Lending makes up approximately 1.1% of Round Rock Advisors LLC's holdings, making the stock its 19th biggest position. Round Rock Advisors LLC owned about 0.29% of Sixth Street Specialty Lending worth $6,143,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position 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 worth $6,196,000 after buying an additional 144,096 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Sixth Street Specialty Lending by 15.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 435,607 shares of the financial services provider's stock valued at $9,749,000 after buying an additional 57,962 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Sixth Street Specialty Lending in the 1st quarter worth $201,000. Magnus Financial Group LLC acquired a new stake in Sixth Street Specialty Lending in the 1st quarter worth $322,000. Finally, BNP Paribas Financial Markets acquired a new stake in Sixth Street Specialty Lending in the 4th quarter worth $1,035,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Price Performance

TSLX traded up $0.14 during midday trading on Thursday, hitting $24.31. The company had a trading volume of 486,232 shares, compared to its average volume of 397,513. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.06 and a current ratio of 3.06. The company has a market capitalization of $2.28 billion, a PE ratio of 10.33 and a beta of 0.83. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $24.45. The firm's 50-day simple moving average is $22.87 and its 200-day simple moving average is $22.11.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The firm had revenue of $113.92 billion during the quarter, compared to analysts' expectations of $116.70 million. Sixth Street Specialty Lending had a net margin of 36.59% and a return on equity of 13.60%. During the same quarter in the previous year, the company earned $0.52 earnings per share. Equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS 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 paid a $0.06 dividend. This represents a yield of 9.21%. The ex-dividend date was Friday, May 30th. Sixth Street Specialty Lending's payout ratio is currently 97.35%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TSLX. Wells Fargo & Company lowered their price objective on Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. dropped their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research note on Thursday, April 24th. B. Riley initiated 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 target price on the stock. Finally, Raymond James Financial dropped their target price on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock 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.