MGO One Seven LLC Trims Stock Holdings in Sixth Street Specialty Lending, Inc. $TSLX

MGO One Seven LLC reduced its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 366,017 shares of the financial services provider’s stock after selling 32,261 shares during the period. MGO One Seven LLC owned about 0.39% of Sixth Street Specialty Lending worth $7,950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Harbor Investment Advisory LLC lifted its holdings in Sixth Street Specialty Lending by 673.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,508 shares in the last quarter. Advisory Services Network LLC bought a new position in Sixth Street Specialty Lending in the 3rd quarter worth about $75,000. Redmont Wealth Advisors LLC purchased a new position in shares of Sixth Street Specialty Lending during the third quarter worth approximately $79,000. State of Alaska Department of Revenue purchased a new position in shares of Sixth Street Specialty Lending during the third quarter worth approximately $98,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Sixth Street Specialty Lending by 604.6% during the third quarter. Farther Finance Advisors LLC now owns 4,700 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 4,033 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending News Summary

Here are the key news stories impacting Sixth Street Specialty Lending this week:

• Positive Sentiment: TSLX priced a $300 million offering of 5.650% unsecured notes due 2031, with proceeds expected to be used to pay down existing debt. The move may improve its liability profile and support balance-sheet flexibility. Article Title
• Positive Sentiment: Several firms still see upside despite trimming targets: RBC kept an outperform rating, KBW maintained outperform, Truist kept a buy rating, and Wells Fargo kept overweight. These reports suggest analysts still view TSLX as undervalued even after lowering price targets.
• Neutral Sentiment: The company’s Q1 earnings call highlighted both a net asset value hit and some upside, suggesting investors are still digesting mixed fundamentals rather than reacting to one clear surprise. Article Title
• Negative Sentiment: JPMorgan cut its price target on TSLX to $17.50 and maintained a neutral rating, while other firms also reduced targets. The lower estimates likely added pressure to the stock and reflect more cautious near-term expectations.

Sixth Street Specialty Lending Trading Up 0.5%

Shares of NYSE:TSLX opened at $17.99 on Friday. The company has a market capitalization of $1.71 billion, a PE ratio of 15.64 and a beta of 0.65. The company has a current ratio of 3.39, a quick ratio of 2.83 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending, Inc. has a 12-month low of $16.99 and a 12-month high of $25.17. The business’s fifty day simple moving average is $18.35 and its 200-day simple moving average is $20.36.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The firm had revenue of $93.40 million during the quarter, compared to the consensus estimate of $103.14 million. Sixth Street Specialty Lending had a return on equity of 11.92% and a net margin of 25.25%.During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 1.89 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.42 per share. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, June 15th. This represents a $1.68 annualized dividend and a dividend yield of 9.3%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 160.00%.

Analyst Ratings Changes

A number of analysts recently issued reports on TSLX shares. Royal Bank Of Canada lowered their price target on Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday. Wells Fargo & Company reduced their price objective on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday. Citizens Jmp lowered their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods lowered their target price on Sixth Street Specialty Lending from $21.00 to $18.50 and set an “outperform” rating for the company in a report on Thursday. Finally, Wall Street Zen downgraded Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.29.

Insider Activity at Sixth Street Specialty Lending

In other news, VP Alan Waxman bought 200,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average price of $18.18 per share, with a total value of $3,636,000.00. Following the completion of the transaction, the vice president directly owned 500,000 shares of the company’s stock, valued at approximately $9,090,000. The trade was a 66.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have purchased 545,000 shares of company stock worth $9,997,150. Insiders own 3.83% of the company’s stock.

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.