Dearborn Partners LLC Takes $491,000 Position in Sixth Street Specialty Lending, Inc. $TSLX

Dearborn Partners LLC acquired 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,579 shares of the financial services provider’s stock, valued at approximately $491,000.

Several other large investors have also recently bought and sold shares of the business. Burk Holdings LLC purchased a new stake in shares of Sixth Street Specialty Lending during the 2nd quarter worth $51,000. Fifth Third Bancorp purchased a new position in shares of Sixth Street Specialty Lending in the 1st quarter valued at about $63,000. Advisory Services Network LLC acquired a new stake in shares of Sixth Street Specialty Lending in the third quarter valued at about $75,000. Frazier Financial Advisors LLC purchased a new stake in Sixth Street Specialty Lending during the second quarter worth about $83,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Sixth Street Specialty Lending in the second quarter valued at about $96,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSLX. Wall Street Zen raised Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Truist Financial dropped their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Keefe, Bruyette & Woods lifted their price objective on Sixth Street Specialty Lending from $18.50 to $19.50 and gave the stock an “outperform” rating in a report on Monday, August 10th. Royal Bank Of Canada decreased their target price on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lowered their target price on Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.83.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX opened at $18.75 on Friday. Sixth Street Specialty Lending, Inc. has a 12-month low of $16.04 and a 12-month high of $24.79. The stock has a market cap of $1.78 billion, a P/E ratio of 19.74 and a beta of 0.59. The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average of $17.71 and a two-hundred day moving average of $17.96.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. The business had revenue of $97.84 million for the quarter, compared to analyst estimates of $95.28 million. During the same period in the prior year, the business earned $0.56 earnings per share. As a group, research analysts predict that Sixth Street Specialty Lending, Inc. will post 1.74 EPS for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date is Tuesday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio is 176.84%.

Sixth Street Specialty Lending Profile

Sixth Street Specialty Lending Inc (NYSE: TSLX) is a closed-end, externally managed business development company that provides flexible debt financing solutions to middle-market companies. The fund primarily targets senior secured loans, unitranche facilities, mezzanine debt, second-lien financings and equity co-investment opportunities. By structuring tailored capital solutions, Sixth Street Specialty Lending seeks to support growth initiatives, recapitalizations and refinancings across a diverse set of industries, including technology, healthcare and business services.

As an affiliate of Sixth Street Partners, a global alternative investment firm, the company leverages the broader platform’s credit research, operational expertise and industry relationships.