Cerity Partners LLC Sells 54,247 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Cerity Partners LLC cut its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 514,649 shares of the financial services provider’s stock after selling 54,247 shares during the period. Cerity Partners LLC owned about 0.55% of Sixth Street Specialty Lending worth $10,566,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. EntryPoint Capital LLC purchased a new stake in Sixth Street Specialty Lending during the 1st quarter valued at $35,000. nVerses Capital LLC purchased a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at $70,000. Ridgewood Investments LLC purchased a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at $77,000. Future Financial Wealth Managment LLC purchased a new position in shares of Sixth Street Specialty Lending during the 3rd quarter worth about $86,000. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Sixth Street Specialty Lending during the 2nd quarter worth about $109,000. 70.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada reissued an “outperform” rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods cut their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Finally, LADENBURG THALM/SH SH raised shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, November 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Sixth Street Specialty Lending currently has a consensus rating of “Buy” and a consensus price target of $22.00.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock opened at $20.94 on Wednesday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 10.17 and a beta of 1.06. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending, Inc. has a twelve month low of $19.50 and a twelve month high of $22.35. The stock has a fifty day simple moving average of $20.49 and a two-hundred day simple moving average of $20.99.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $119.22 million during the quarter, compared to analyst estimates of $119.85 million. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, analysts predict that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, November 29th. This represents a dividend yield of 7.78%. Sixth Street Specialty Lending’s dividend payout ratio is presently 89.32%.

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.