Silver Oak Securities Incorporated Buys 11,829 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Key Points

• Silver Oak Securities Incorporated increased its holdings in Sixth Street Specialty Lending, Inc. by 145.6%, owning 19,955 shares worth $475,000 at the end of the latest quarter.
• Several analysts have raised their target prices for Sixth Street Specialty Lending, with JMP Securities increasing it from $24.00 to $25.00, reflecting a positive outlook on the stock.
• The company recently declared a quarterly dividend of $0.05 per share, with an annualized yield of 0.8% and a payout ratio of 91.54%.

Silver Oak Securities Incorporated grew its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 145.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,955 shares of the financial services provider's stock after buying an additional 11,829 shares during the quarter. Silver Oak Securities Incorporated's holdings in Sixth Street Specialty Lending were worth $475,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TSLX. Ameriflex Group Inc. purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth about $27,000. AdvisorNet Financial Inc acquired a new stake in shares of Sixth Street Specialty Lending in the first quarter valued at approximately $40,000. Rossby Financial LCC acquired a new stake in Sixth Street Specialty Lending during the 1st quarter valued at $62,000. Redmont Wealth Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth about $97,000. Finally, SVB Wealth LLC bought a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth $107,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Price Performance

TSLX stock traded down $0.53 during trading on Monday, reaching $23.08. 430,598 shares of the company were exchanged, compared to its average volume of 360,626. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79. The company has a 50-day moving average of $24.18 and a two-hundred day moving average of $22.89. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $25.17. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 11.48 and a beta of 0.85.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $115.00 million during the quarter, compared to analyst estimates of $110.42 million. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. During the same period last year, the business earned $0.58 earnings per share. As a group, equities analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, September 15th. Sixth Street Specialty Lending's payout ratio is presently 91.54%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. JMP Securities boosted their price objective on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $23.28.

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.