OMERS ADMINISTRATION Corp Purchases Shares of 178,214 Sixth Street Specialty Lending, Inc. $TSLX

OMERS ADMINISTRATION Corp acquired a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 178,214 shares of the financial services provider’s stock, valued at approximately $4,243,000. OMERS ADMINISTRATION Corp owned 0.19% of Sixth Street Specialty Lending as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TSLX. MTM Investment Management LLC acquired a new stake in shares of Sixth Street Specialty Lending during the second quarter worth $49,000. First Horizon Advisors Inc. raised its stake in Sixth Street Specialty Lending by 74.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 1,753 shares in the last quarter. MAI Capital Management boosted its holdings in Sixth Street Specialty Lending by 83.5% in the 2nd quarter. MAI Capital Management now owns 4,264 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,940 shares during the period. SVB Wealth LLC acquired a new stake in shares of Sixth Street Specialty Lending in the first quarter valued at approximately $107,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Sixth Street Specialty Lending during the first quarter valued at approximately $117,000. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX opened at $21.71 on Tuesday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 10.80 and a beta of 0.84. The business’s fifty day simple moving average is $21.87 and its two-hundred day simple moving average is $23.13. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $25.17. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.07.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share for the quarter, topping 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 firm had revenue of $109.40 million during the quarter, compared to analysts’ expectations of $108.35 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. Research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

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

Insider Activity at Sixth Street Specialty Lending

In related news, CEO Robert J. Stanley acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $20.85 per share, with a total value of $208,500.00. Following the completion of the acquisition, the chief executive officer directly owned 24,907 shares of the company’s stock, valued at approximately $519,310.95. This trade represents a 67.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TSLX. JMP Securities raised their price objective on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, October 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $24.00 target price on shares of Sixth Street Specialty Lending in a report on Wednesday, October 1st. Keefe, Bruyette & Woods lowered their price objective on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Wells Fargo & Company lowered their price target on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.50.

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.