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

RMR Capital Management LLC cut its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 21.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 190,495 shares of the financial services provider’s stock after selling 52,736 shares during the period. Sixth Street Specialty Lending comprises approximately 3.2% of RMR Capital Management LLC’s portfolio, making the stock its 3rd largest holding. RMR Capital Management LLC’s holdings in Sixth Street Specialty Lending were worth $4,536,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Melia Wealth LLC grew its position in shares of Sixth Street Specialty Lending by 3.6% during the second quarter. Melia Wealth LLC now owns 614,916 shares of the financial services provider’s stock worth $14,641,000 after buying an additional 21,167 shares in the last quarter. Naviter Wealth LLC grew its position in shares of Sixth Street Specialty Lending by 19.0% during the second quarter. Naviter Wealth LLC now owns 137,708 shares of the financial services provider’s stock worth $3,279,000 after buying an additional 22,001 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Sixth Street Specialty Lending during the second quarter worth about $204,000. MGO One Seven LLC grew its position in shares of Sixth Street Specialty Lending by 3.0% during the second quarter. MGO One Seven LLC now owns 427,840 shares of the financial services provider’s stock worth $10,187,000 after buying an additional 12,650 shares in the last quarter. Finally, CWM LLC grew its position in shares of Sixth Street Specialty Lending by 7,857.5% during the second quarter. CWM LLC now owns 64,376 shares of the financial services provider’s stock worth $1,533,000 after buying an additional 63,567 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $21.90 on Wednesday. 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, Inc. has a twelve month low of $18.58 and a twelve month high of $25.17. The stock has a 50 day moving average of $23.52 and a two-hundred day moving average of $22.88. The stock has a market cap of $2.06 billion, a P/E ratio of 10.90 and a beta of 0.85.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.The company had revenue of $115.00 million during the quarter, compared to analysts’ expectations of $110.42 million. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.05 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. Sixth Street Specialty Lending’s payout ratio is currently 91.54%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TSLX shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $24.00 price objective on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 8th. JMP Securities boosted their target price on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company boosted their target price on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. One research 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.56.

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.