Sixth Street Specialty Lending, Inc. $TSLX Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 7.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,112 shares of the financial services provider’s stock after purchasing an additional 14,104 shares during the quarter. Rockefeller Capital Management L.P. owned 0.22% of Sixth Street Specialty Lending worth $4,931,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TSLX. Principle Wealth Partners LLC purchased a new stake in shares of Sixth Street Specialty Lending during the first quarter worth $294,000. Cetera Investment Advisers lifted its holdings in shares of Sixth Street Specialty Lending by 8.1% in the 1st quarter. Cetera Investment Advisers now owns 448,898 shares of the financial services provider’s stock valued at $10,046,000 after purchasing an additional 33,818 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of Sixth Street Specialty Lending by 21.8% during the first quarter. Baillie Gifford & Co. now owns 373,254 shares of the financial services provider’s stock worth $8,353,000 after acquiring an additional 66,825 shares during the last quarter. Allen Investment Management LLC boosted its stake in Sixth Street Specialty Lending by 24.4% during the 1st quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider’s stock worth $32,114,000 after purchasing an additional 281,339 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of Sixth Street Specialty Lending by 5.2% during the first quarter. LPL Financial LLC now owns 603,544 shares of the financial services provider’s stock worth $13,507,000 after buying an additional 29,685 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analysts Set New Price Targets

TSLX has been the topic of several recent research reports. JMP Securities boosted their price objective on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reduced their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a report on Wednesday, October 8th. Wells Fargo & Company decreased their target price on shares of Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock opened at $21.27 on Friday. The firm has a fifty day simple moving average of $22.08 and a 200-day simple moving average of $23.11. The company has a market capitalization of $2.01 billion, a PE ratio of 10.58 and a beta of 0.84. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve 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 issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $109.40 million for the quarter, compared to analyst estimates of $108.35 million. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. During the same quarter in the previous year, the business posted $0.57 EPS. Equities 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 Cuts Dividend

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

Insider Transactions at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, CEO Robert J. Stanley acquired 10,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of $20.85 per share, for a total transaction of $208,500.00. Following the acquisition, the chief executive officer directly owned 24,907 shares of the company’s stock, valued at $519,310.95. This trade represents a 67.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.22% of the stock is owned by corporate insiders.

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.