MGO One Seven LLC Acquires 537,964 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

MGO One Seven LLC increased its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3,380.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 553,876 shares of the financial services provider’s stock after purchasing an additional 537,964 shares during the period. Sixth Street Specialty Lending makes up approximately 0.7% of MGO One Seven LLC’s portfolio, making the stock its 19th biggest holding. MGO One Seven LLC owned approximately 0.63% of Sixth Street Specialty Lending worth $11,964,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Community Bank N.A. raised its position in shares of Sixth Street Specialty Lending by 50.0% during the 4th quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. Total Clarity Wealth Management Inc. raised its position in Sixth Street Specialty Lending by 1.5% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 48,998 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 705 shares in the last quarter. Signaturefd LLC lifted its stake in Sixth Street Specialty Lending by 25.6% during the fourth quarter. Signaturefd LLC now owns 5,486 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,119 shares during the last quarter. Worth Asset Management LLC boosted its holdings in shares of Sixth Street Specialty Lending by 14.6% in the 4th quarter. Worth Asset Management LLC now owns 12,005 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 1,529 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Sixth Street Specialty Lending by 20.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,135 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 1,714 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TSLX has been the subject of several research reports. Truist Financial upped their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Royal Bank of Canada upped their price objective on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. JMP Securities reissued a “market outperform” rating and issued a $22.50 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. Finally, Keefe, Bruyette & Woods reduced their price objective on Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Sixth Street Specialty Lending Trading Down 0.5 %

Shares of TSLX stock traded down $0.12 during mid-day trading on Monday, reaching $21.76. The stock had a trading volume of 474,877 shares, compared to its average volume of 397,621. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.14. The stock’s 50-day moving average price is $21.33 and its two-hundred day moving average price is $21.37. The firm has a market capitalization of $2.02 billion, a PE ratio of 8.77 and a beta of 1.04. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.09 and a 52-week high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). The business had revenue of $117.78 million for the quarter, compared to the consensus estimate of $118.44 million. Sixth Street Specialty Lending had a net margin of 47.16% and a return on equity of 13.74%. Equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.33 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 3rd will be given a dividend of $0.06 per share. This represents a dividend yield of 7.63%. The ex-dividend date of this dividend is Friday, May 31st. Sixth Street Specialty Lending’s dividend payout ratio is currently 74.19%.

Sixth Street Specialty Lending 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.