324,196 Shares in Sixth Street Specialty Lending, Inc. $TSLX Acquired by Bank of Montreal Can

Bank of Montreal Can bought a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 324,196 shares of the financial services provider’s stock, valued at approximately $7,719,000.

Several other large investors have also added to or reduced their stakes in TSLX. SVB Wealth LLC purchased a new stake in shares of Sixth Street Specialty Lending in the first quarter worth $107,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at $117,000. LexAurum Advisors LLC bought a new position in Sixth Street Specialty Lending in the 2nd quarter worth $201,000. Stableford Capital II LLC purchased a new stake in Sixth Street Specialty Lending in the 2nd quarter worth $208,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in Sixth Street Specialty Lending in the 2nd quarter worth $204,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TSLX. Wells Fargo & Company dropped their price objective on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their price target on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday. JMP Securities upped their price target on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $24.00 price objective on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Sixth Street Specialty Lending presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.63.

Sixth Street Specialty Lending Trading Up 0.2%

Shares of TSLX stock opened at $21.21 on Monday. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 10.55 and a beta of 0.84. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.58 and a 12-month high of $25.17. The stock’s 50-day moving average price is $22.78 and its 200-day moving average price is $23.12.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.The business had revenue of $109.40 million during the quarter, compared to analysts’ expectations of $108.35 million. During the same quarter last year, the business posted $0.57 EPS. Equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 90.20%.

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.