Altshuler Shaham Ltd Makes New Investment in Sixth Street Specialty Lending, Inc. $TSLX

Altshuler Shaham Ltd bought a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 301,460 shares of the financial services provider’s stock, valued at approximately $6,548,000.

Other large investors have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC boosted its stake in Sixth Street Specialty Lending by 673.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,732 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,508 shares during the period. Advisory Services Network LLC bought a new position in Sixth Street Specialty Lending in the 3rd quarter worth about $75,000. Redmont Wealth Advisors LLC bought a new position in Sixth Street Specialty Lending in the 3rd quarter worth about $79,000. SG Americas Securities LLC bought a new position in Sixth Street Specialty Lending in the 4th quarter worth about $108,000. Finally, Arax Advisory Partners bought a new position in Sixth Street Specialty Lending in the 4th quarter worth about $109,000. 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 $16.49 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.39 and a quick ratio of 3.39. The business’s 50 day simple moving average is $17.91 and its two-hundred day simple moving average is $19.47. The stock has a market capitalization of $1.57 billion, a P/E ratio of 14.33 and a beta of 0.60. Sixth Street Specialty Lending, Inc. has a one year low of $16.37 and a one year high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The company had revenue of $93.40 million during the quarter, compared to analysts’ expectations of $103.14 million. Sixth Street Specialty Lending had a return on equity of 11.92% and a net margin of 25.25%.During the same period last year, the firm earned $0.58 earnings per share. Analysts forecast that Sixth Street Specialty Lending, Inc. will post 1.71 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.42 dividend. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. 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 10.2%. Sixth Street Specialty Lending’s payout ratio is presently 146.09%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several brokerages have commented on TSLX. Keefe, Bruyette & Woods cut their target price 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. JPMorgan Chase & Co. cut their target price on Sixth Street Specialty Lending from $18.50 to $17.50 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Wall Street Zen downgraded Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Citizens Jmp dropped their price target on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Finally, Truist Financial decreased their price objective on Sixth Street Specialty Lending from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.83.

About Sixth Street Specialty Lending

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.