MGO One Seven LLC Has $9.29 Million Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Key Points

• MGO One Seven LLC increased its stake in Sixth Street Specialty Lending, Inc. by 5.3% during the first quarter, now owning approximately 0.44% of the company worth $9.29 million.
• Analyst ratings for Sixth Street show a consensus of "Buy", with the average price target set at $22.81.
• Sixth Street Specialty Lending's recent dividend was cut, declaring $0.06 per share, representing a yield of 9.21% and a payout ratio of 97.35%.

MGO One Seven LLC boosted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 415,190 shares of the financial services provider's stock after acquiring an additional 20,796 shares during the quarter. MGO One Seven LLC owned 0.44% of Sixth Street Specialty Lending worth $9,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSLX. Janney Montgomery Scott LLC grew its holdings 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. Cetera Investment Advisers lifted its position in shares of Sixth Street Specialty Lending by 8.1% during the 1st quarter. Cetera Investment Advisers now owns 448,898 shares of the financial services provider's stock valued at $10,046,000 after acquiring an additional 33,818 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position 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 stake in shares of Sixth Street Specialty Lending during the 1st quarter valued at $201,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of Sixth Street Specialty Lending in the first quarter valued at $322,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TSLX shares. Wells Fargo & Company upped their price target 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. Raymond James Financial dropped their price target on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. 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 price target on the stock. Finally, JPMorgan Chase & Co. lowered 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 research report on Thursday, April 24th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $23.06.

Sixth Street Specialty Lending Stock Down 1.5%

Sixth Street Specialty Lending stock traded down $0.37 during mid-day trading on Friday, hitting $23.91. 583,375 shares of the company's stock were exchanged, compared to its average volume of 420,207. The stock has a market cap of $2.25 billion, a P/E ratio of 11.90 and a beta of 0.84. The stock has a 50 day moving average of $23.72 and a two-hundred day moving average of $22.49. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $25.17. The company has a current ratio of 3.79, a quick ratio of 3.06 and a debt-to-equity ratio of 1.07.

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

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.46 per share. This is a positive change from Sixth Street Specialty Lending's previous -- dividend of $0.06. This represents a yield of 770.0%. The ex-dividend date is Monday, September 15th. Sixth Street Specialty Lending's dividend payout ratio is 97.35%.

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.