Union Bancaire Privee UBP SA Grows Stock Position in Sixth Street Specialty Lending, Inc. $TSLX

Union Bancaire Privee UBP SA raised its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 5.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 19,319 shares of the financial services provider’s stock after buying an additional 935 shares during the period. Union Bancaire Privee UBP SA’s holdings in Sixth Street Specialty Lending were worth $460,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc purchased a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $40,000. Rossby Financial LCC purchased a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $62,000. Redmont Wealth Advisors LLC purchased a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $97,000. SVB Wealth LLC purchased a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $107,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $117,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Price Performance

Shares of Sixth Street Specialty Lending stock opened at $22.15 on Thursday. The company has a quick ratio of 3.79, a current 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 firm has a market cap of $2.09 billion, a PE ratio of 11.02 and a beta of 0.85. The business has a 50-day moving average price of $23.92 and a 200 day moving average price of $22.91.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $110.42 million. During the same period in the previous year, the firm posted $0.58 EPS. Sell-side analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TSLX shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $24.00 price target on shares of Sixth Street Specialty Lending in a research note on Wednesday. JMP Securities lifted their price target on 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. Finally, Wells Fargo & Company lifted their price target on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.