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 trimmed its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 12.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 151,731 shares of the financial services provider's stock after selling 20,741 shares during the quarter. Sixth Street Specialty Lending makes up about 3.0% of Clayton Partners LLC's investment portfolio, making the stock its 16th largest holding. Clayton Partners LLC owned about 0.16% of Sixth Street Specialty Lending worth $3,396,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in shares of Sixth Street Specialty Lending during the fourth quarter valued at about $27,000. AdvisorNet Financial Inc bought a new stake in shares of Sixth Street Specialty Lending during the first quarter valued at about $40,000. Rossby Financial LCC bought a new stake in shares of Sixth Street Specialty Lending during the first quarter valued at about $62,000. Redmont Wealth Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending during the first quarter valued at about $97,000. Finally, SVB Wealth LLC bought a new stake in shares of Sixth Street Specialty Lending during the first quarter valued at about $107,000. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Trading Up 0.7%

TSLX traded up $0.17 during trading on Wednesday, reaching $24.68. The company had a trading volume of 79,713 shares, compared to its average volume of 462,253. The firm's 50-day simple moving average is $24.16 and its 200 day simple moving average is $22.80. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 12.28 and a beta of 0.85. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $25.17. 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 (NYSE:TSLX - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share for the quarter, beating 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 analysts' expectations of $110.42 million. During the same quarter in the previous year, the business posted $0.58 EPS. Equities research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JMP Securities lifted their target price on 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. B. Riley assumed coverage on Sixth Street Specialty Lending in a report on Tuesday, May 13th. They set a "buy" rating and a $23.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $23.28.

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.