Muzinich & Co. Inc. Purchases 57,724 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Muzinich & Co. Inc. increased its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 14.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 450,142 shares of the financial services provider's stock after buying an additional 57,724 shares during the period. Sixth Street Specialty Lending comprises about 5.7% of Muzinich & Co. Inc.'s holdings, making the stock its 7th largest position. Muzinich & Co. Inc. owned about 0.48% of Sixth Street Specialty Lending worth $10,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake 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 valued at $6,196,000 after purchasing an additional 144,096 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Sixth Street Specialty Lending by 15.3% during 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 acquiring an additional 57,962 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $201,000. Magnus Financial Group LLC acquired a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $322,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at about $1,035,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TSLX. B. Riley began coverage on shares of Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They set a "buy" rating and a $23.00 price objective for the company. Raymond James Financial dropped their price objective on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company dropped their target price on shares of Sixth Street Specialty Lending from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $22.81.

Sixth Street Specialty Lending Trading Down 1.6%

TSLX traded down $0.40 on Monday, reaching $24.40. 160,908 shares of the company's stock were exchanged, compared to its average volume of 399,451. The company's 50 day moving average is $23.38 and its 200-day moving average is $22.29. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 12.92 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 $25.17. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.06 and a current ratio of 3.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share for the quarter, topping 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 return on equity of 13.60% and a net margin of 36.59%. During the same quarter in the prior year, the business earned $0.52 EPS. Equities 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 firm also recently announced a dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.06 per share. This represents a dividend yield of 9.21%. The ex-dividend date was Friday, May 30th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 97.35%.

Sixth Street Specialty Lending 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.