Universal Beteiligungs und Servicegesellschaft mbH Sells 44,592 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 22.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,536 shares of the financial services provider's stock after selling 44,592 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.16% of Sixth Street Specialty Lending worth $3,369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TSLX. Raymond James Financial Inc. purchased a new stake in Sixth Street Specialty Lending in the fourth quarter worth $17,488,000. Gilman Hill Asset Management LLC lifted its position in Sixth Street Specialty Lending by 382.4% during the first quarter. Gilman Hill Asset Management LLC now owns 446,976 shares of the financial services provider's stock valued at $10,003,000 after buying an additional 354,320 shares during the period. Round Rock Advisors LLC lifted its position in Sixth Street Specialty Lending by 226.7% during the first 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 during the period. Parkwood LLC purchased a new position in Sixth Street Specialty Lending during the fourth quarter valued at $3,937,000. Finally, Janney Montgomery Scott LLC lifted 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 buying an additional 144,096 shares during the period. Hedge funds and other institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on TSLX shares. B. Riley started coverage on Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They set a "buy" rating and a $23.00 price objective for the company. Wells Fargo & Company raised their price objective on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday. Raymond James Financial lowered their price objective on Sixth Street Specialty Lending from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "overweight" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Sixth Street Specialty Lending currently has a consensus rating of "Buy" and a consensus price target of $23.06.

Sixth Street Specialty Lending Stock Down 0.8%

Shares of NYSE:TSLX traded down $0.21 on Friday, hitting $24.08. 145,114 shares of the company traded hands, compared to its average volume of 475,022. Sixth Street Specialty Lending, Inc. has a 52 week low of $18.58 and a 52 week high of $25.17. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 1.15. The stock has a 50 day simple moving average of $23.69 and a 200-day simple moving average of $22.46. The company has a market cap of $2.26 billion, a PE ratio of 11.98 and a beta of 0.83.

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 for the quarter, beating the consensus estimate of $0.53 by $0.03. Sixth Street Specialty Lending had a return on equity of 13.50% and a net margin of 39.56%. The firm had revenue of $115.00 million during the quarter, compared to the consensus estimate of $110.42 million. During the same period last year, the company earned $0.58 earnings per share. As a group, research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were issued a $0.06 dividend. This represents a yield of 921.0%. The ex-dividend date was Friday, May 30th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 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.