Clayton Partners LLC Has $3.40 Million Holdings in Sixth Street Specialty Lending, Inc. $TSLX

Key Points

• Clayton Partners LLC reduced its stake in Sixth Street Specialty Lending by 12.0% in Q1, now holding approximately 151,731 shares of the company.
• The company reported $0.56 earnings per share, surpassing expectations, with a net margin of 39.56% and projected earnings of 2.19 EPS for the current fiscal year.
• Sixth Street Specialty Lending declared a $0.05 dividend with a yield of 864.0%, reflecting a high dividend payout ratio of 91.54%.

Clayton Partners LLC reduced its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 12.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,731 shares of the financial services provider's stock after selling 20,741 shares during the quarter. Sixth Street Specialty Lending accounts for 3.0% of Clayton Partners LLC's holdings, making the stock its 16th biggest position. Clayton Partners LLC owned about 0.16% of Sixth Street Specialty Lending worth $3,396,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in Sixth Street Specialty Lending by 108.5% during the first 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 in the last quarter. Cetera Investment Advisers grew its position in Sixth Street Specialty Lending by 8.1% during the first quarter. Cetera Investment Advisers now owns 448,898 shares of the financial services provider's stock valued at $10,046,000 after purchasing an additional 33,818 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Sixth Street Specialty Lending by 15.3% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 435,607 shares of the financial services provider's stock valued at $9,749,000 after purchasing an additional 57,962 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Sixth Street Specialty Lending during the first quarter valued at approximately $201,000. Finally, Magnus Financial Group LLC purchased a new position in Sixth Street Specialty Lending during the first quarter valued at approximately $322,000. Institutional investors and hedge funds own 70.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TSLX. JMP Securities boosted their price objective on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. B. Riley initiated coverage on shares of Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They issued a "buy" rating and a $23.00 target price for the company. Finally, Wells Fargo & Company boosted 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 report on Friday, August 1st. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $23.28.

Sixth Street Specialty Lending Stock Performance

Shares of Sixth Street Specialty Lending stock traded up $0.22 on Monday, reaching $24.51. The stock had a trading volume of 243,264 shares, compared to its average volume of 376,030. The business's 50-day moving average price is $24.13 and its two-hundred day moving average price is $22.79. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $18.58 and a fifty-two week high of $25.17. The stock has a market cap of $2.31 billion, a P/E ratio of 12.19 and a beta of 0.85.

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 for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. The business had revenue of $115.00 million during the quarter, compared to analysts' expectations of $110.42 million. During the same period in the previous year, the company earned $0.58 earnings per share. On average, sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, September 15th. Sixth Street Specialty Lending's dividend payout ratio is presently 91.54%.

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.