Sixth Street Specialty Lending, Inc. $TSLX Shares Bought by MGO One Seven LLC

Key Points

• MGO One Seven LLC increased its stake in Sixth Street Specialty Lending, Inc. (TSLX) by 3.0%, now holding 427,840 shares valued at approximately $10.2 million.
• The company reported a quarterly earnings per share (EPS) of $0.56, surpassing estimates and generating revenues of $115 million for the quarter.
• Sixth Street Specialty Lending announced a $0.05 quarterly dividend, bringing its annualized yield to 1.0% with a payout ratio of 91.54%.

MGO One Seven LLC grew its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,840 shares of the financial services provider's stock after purchasing an additional 12,650 shares during the period. MGO One Seven LLC owned about 0.46% of Sixth Street Specialty Lending worth $10,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Strs Ohio purchased a new stake in Sixth Street Specialty Lending during the 1st quarter worth approximately $79,698,000. SCS Capital Management LLC purchased a new position in Sixth Street Specialty Lending in the first quarter valued at $13,545,000. Allen Investment Management LLC grew its stake in Sixth Street Specialty Lending by 24.4% during the 1st quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider's stock worth $32,114,000 after purchasing an additional 281,339 shares in the last quarter. Round Rock Advisors LLC raised its position in Sixth Street Specialty Lending by 226.7% in the 1st quarter. Round Rock Advisors LLC now owns 274,483 shares of the financial services provider's stock valued at $6,143,000 after purchasing an additional 190,469 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in Sixth Street Specialty Lending by 7.0% in the 1st quarter. Burgundy Asset Management Ltd. now owns 2,347,046 shares of the financial services provider's stock valued at $52,527,000 after purchasing an additional 154,560 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Price Performance

Shares of TSLX opened at $20.88 on Monday. Sixth Street Specialty Lending, Inc. has a 1-year low of $18.58 and a 1-year high of $25.17. The stock has a market cap of $1.97 billion, a PE ratio of 10.39 and a beta of 0.85. 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 firm has a fifty day moving average price of $23.60 and a 200 day moving average price of $22.89.

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

Sixth Street Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.05 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. Sixth Street Specialty Lending's payout ratio is currently 91.54%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. restated a "neutral" rating and set a $24.00 target price on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 1st. JMP Securities boosted their price target on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. Weiss Ratings reissued a "buy (b)" rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.56.

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.

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