Sixth Street Specialty Lending, Inc. $TSLX Stock Holdings Lessened by RMR Capital Management LLC

Key Points

• RMR Capital Management LLC reduced its holdings in Sixth Street Specialty Lending, Inc. (NYSE: TSLX) by 21.7%, owning 190,495 shares after selling 52,736 shares in the second quarter.
• Analysts have shown positive sentiment towards TSLX, with Wells Fargo raising the target price from $21.00 to $24.00 and several others also issuing ratings indicating a consensus of "Moderate Buy".
• Sixth Street Specialty Lending recently declared a quarterly dividend of $0.05 per share, representing a 0.9% yield and a payout ratio of 91.54%.

RMR Capital Management LLC decreased its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 21.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,495 shares of the financial services provider's stock after selling 52,736 shares during the period. Sixth Street Specialty Lending comprises approximately 3.2% of RMR Capital Management LLC's investment portfolio, making the stock its 3rd largest holding. RMR Capital Management LLC owned approximately 0.20% of Sixth Street Specialty Lending worth $4,536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSLX. Strs Ohio purchased a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at approximately $79,698,000. SCS Capital Management LLC purchased a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at approximately $13,545,000. Allen Investment Management LLC lifted its position in shares of 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 valued at $32,114,000 after buying an additional 281,339 shares in the last quarter. Round Rock Advisors LLC lifted its position in shares of Sixth Street Specialty Lending by 226.7% during 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 buying an additional 190,469 shares in the last quarter. Finally, Burgundy Asset Management Ltd. lifted its position in shares of Sixth Street Specialty Lending by 7.0% during 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 buying an additional 154,560 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Analyst Ratings Changes

TSLX has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. restated a "neutral" rating and issued a $24.00 price objective on shares of Sixth Street Specialty Lending in a report on Wednesday, October 1st. Weiss Ratings restated a "buy (b)" rating on shares of Sixth Street Specialty Lending in a report on Wednesday, October 8th. Finally, JMP Securities raised their price objective on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.56.

Sixth Street Specialty Lending Stock Up 1.0%

NYSE TSLX opened at $21.90 on Wednesday. The firm has a market cap of $2.06 billion, a PE ratio of 10.90 and a beta of 0.85. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.07. The business's fifty day simple moving average is $23.52 and its 200-day simple moving average is $22.88. Sixth Street Specialty Lending, Inc. has a 52 week low of $18.58 and a 52 week high of $25.17.

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. The company had revenue of $115.00 million during 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 in the previous year, the company posted $0.58 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, September 15th. Sixth Street Specialty Lending's payout ratio is currently 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.

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