Generali Investments CEE investicni spolecnost a.s. Has $573,000 Stake in Sixth Street Specialty Lending, Inc. $TSLX

Generali Investments CEE investicni spolecnost a.s. lifted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 4.5% during the second quarter, Holdings Channel.com reports. The firm owned 24,084 shares of the financial services provider’s stock after buying an additional 1,038 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Sixth Street Specialty Lending were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in TSLX. AdvisorNet Financial Inc bought a new position in shares of Sixth Street Specialty Lending during the first quarter worth approximately $40,000. Rossby Financial LCC bought a new position in shares of Sixth Street Specialty Lending during the first quarter worth approximately $62,000. Redmont Wealth Advisors LLC bought a new position in shares of Sixth Street Specialty Lending during the first quarter worth approximately $97,000. SVB Wealth LLC bought a new position in shares of Sixth Street Specialty Lending during the first quarter worth approximately $107,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Sixth Street Specialty Lending during the first quarter worth approximately $117,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Price Performance

Sixth Street Specialty Lending stock opened at $22.85 on Wednesday. The stock’s fifty day moving average price is $23.97 and its two-hundred day moving average price is $22.92. Sixth Street Specialty Lending, Inc. has a one year low of $18.58 and a one year high of $25.17. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79. The firm has a market cap of $2.15 billion, a PE ratio of 11.37 and a beta of 0.85.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $115.00 million for the quarter, compared to analyst estimates of $110.42 million. During the same quarter last year, the company earned $0.58 EPS. As a group, research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.05 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 91.54%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TSLX. Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. JMP Securities increased their target price 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of “Buy” and an average price target of $23.28.

About Sixth Street Specialty Lending

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.