Sixth Street Specialty Lending, Inc. (NYSE:TSLX) is Muzinich & Co. Inc.'s 7th Largest Position

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

Other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC increased its holdings in shares of Sixth Street Specialty Lending by 1.2% in the 1st quarter. Cornerstone Wealth Management LLC now owns 46,732 shares of the financial services provider's stock valued at $1,046,000 after acquiring an additional 548 shares during the period. Signaturefd LLC increased its holdings in shares of Sixth Street Specialty Lending by 13.3% in the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 550 shares during the period. Mallini Complete Financial Planning LLC increased its holdings in shares of Sixth Street Specialty Lending by 4.5% in the 1st quarter. Mallini Complete Financial Planning LLC now owns 13,028 shares of the financial services provider's stock valued at $292,000 after acquiring an additional 558 shares during the period. Parallel Advisors LLC increased its holdings in shares of Sixth Street Specialty Lending by 4.3% in the 1st quarter. Parallel Advisors LLC now owns 20,708 shares of the financial services provider's stock valued at $463,000 after acquiring an additional 848 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Sixth Street Specialty Lending by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 12,811 shares of the financial services provider's stock valued at $273,000 after acquiring an additional 909 shares during the period. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Performance

TSLX traded down $0.01 during trading on Friday, hitting $25.09. The stock had a trading volume of 82,217 shares, compared to its average volume of 398,116. 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 firm has a market capitalization of $2.36 billion, a P/E ratio of 13.27 and a beta of 0.83. The company's 50-day moving average price is $23.24 and its 200 day moving average price is $22.22. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. Sixth Street Specialty Lending had a net margin of 36.59% and a return on equity of 13.60%. The company had revenue of $113.92 billion for the quarter, compared to analysts' expectations of $116.70 million. During the same period in the previous year, the company posted $0.52 EPS. On average, equities research analysts forecast 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. Stockholders of record on Monday, June 2nd were paid a dividend of $0.06 per share. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 9.21%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 97.35%.

Wall Street Analyst Weigh In

TSLX has been the topic of a number of recent research reports. Raymond James Financial cut their target price on shares of 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. JPMorgan Chase & Co. cut their target price on shares of 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. Wells Fargo & Company cut their target price on shares of 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, B. Riley assumed coverage on shares of 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. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sixth Street Specialty Lending 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.

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