Sixth Street Specialty Lending, Inc. $TSLX Stock Holdings Boosted by Melia Wealth LLC

Melia Wealth LLC grew its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3.6% during the second quarter, Holdings Channel.com reports. The fund owned 614,916 shares of the financial services provider’s stock after purchasing an additional 21,167 shares during the quarter. Sixth Street Specialty Lending comprises 7.0% of Melia Wealth LLC’s portfolio, making the stock its 7th biggest holding. Melia Wealth LLC’s holdings in Sixth Street Specialty Lending were worth $14,641,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rossby Financial LCC purchased a new position in Sixth Street Specialty Lending during the 1st quarter worth $62,000. Redmont Wealth Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth $97,000. SVB Wealth LLC bought a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth $107,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth $117,000. Finally, Silver Oak Securities Incorporated bought a new stake in shares of Sixth Street Specialty Lending during the 1st quarter worth $182,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 8th. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. restated a “neutral” rating and issued a $24.00 price objective on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 1st. Finally, JMP Securities boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.56.

Sixth Street Specialty Lending Trading Up 4.1%

Shares of TSLX opened at $21.71 on Tuesday. The business’s 50-day moving average price is $23.56 and its 200-day moving average price is $22.89. 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 market cap of $2.05 billion, a PE ratio of 10.80 and a beta of 0.85. 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 (NYSE:TSLX) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share for the quarter, beating 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 firm had revenue of $115.00 million for the quarter, compared to analysts’ expectations of $110.42 million. During the same period in the prior year, the business posted $0.58 earnings per share. On average, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

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

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.