Sixth Street Specialty Lending, Inc. $TSLX Shares Sold by FJ Capital Management LLC

FJ Capital Management LLC lowered its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,423 shares of the financial services provider’s stock after selling 33,404 shares during the quarter. FJ Capital Management LLC owned about 0.06% of Sixth Street Specialty Lending worth $1,269,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TSLX. Bank of Montreal Can grew its stake in shares of Sixth Street Specialty Lending by 419.5% in the fourth quarter. Bank of Montreal Can now owns 2,284,920 shares of the financial services provider’s stock valued at $49,628,000 after buying an additional 1,845,088 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Sixth Street Specialty Lending by 18.0% in the third quarter. Van ECK Associates Corp now owns 2,529,187 shares of the financial services provider’s stock valued at $57,817,000 after buying an additional 385,398 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Sixth Street Specialty Lending by 105.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 624,196 shares of the financial services provider’s stock valued at $13,558,000 after buying an additional 319,665 shares in the last quarter. UBS Group AG grew its stake in shares of Sixth Street Specialty Lending by 22.8% in the fourth quarter. UBS Group AG now owns 1,616,161 shares of the financial services provider’s stock valued at $35,103,000 after buying an additional 299,564 shares in the last quarter. Finally, Muzinich & Co. Inc. grew its stake in shares of Sixth Street Specialty Lending by 32.9% in the fourth quarter. Muzinich & Co. Inc. now owns 992,898 shares of the financial services provider’s stock valued at $21,566,000 after buying an additional 245,940 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $16.92 on Friday. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $25.17. The business has a 50 day moving average price of $18.03 and a two-hundred day moving average price of $19.59. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 1.17. The firm has a market cap of $1.61 billion, a PE ratio of 14.71 and a beta of 0.60.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). Sixth Street Specialty Lending had a net margin of 25.25% and a return on equity of 11.92%. The business had revenue of $93.40 million for the quarter, compared to analyst estimates of $103.14 million. During the same quarter last year, the business earned $0.58 EPS. Sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 1.71 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.68 dividend on an annualized basis and a yield of 9.9%. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 146.09%.

Insider Buying and Selling

In other news, VP Ross Anthony Bruck bought 8,000 shares of Sixth Street Specialty Lending stock in a transaction on Monday, May 11th. The shares were bought at an average price of $17.76 per share, with a total value of $142,080.00. Following the acquisition, the vice president directly owned 18,250 shares in the company, valued at approximately $324,120. This represents a 78.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TSLX shares. Citizens Jmp lowered their price objective on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Truist Financial lowered their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Keefe, Bruyette & Woods lowered their price objective on Sixth Street Specialty Lending from $21.00 to $18.50 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Wells Fargo & Company lowered their price objective on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Finally, Weiss Ratings lowered Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and a consensus price target of $19.83.

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.