RMR Capital Management LLC Raises Holdings in Sixth Street Specialty Lending, Inc. $TSLX

RMR Capital Management LLC boosted its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 27.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 252,808 shares of the financial services provider’s stock after acquiring an additional 55,090 shares during the quarter. Sixth Street Specialty Lending accounts for about 3.4% of RMR Capital Management LLC’s holdings, making the stock its 5th biggest position. RMR Capital Management LLC’s holdings in Sixth Street Specialty Lending were worth $4,647,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sunbelt Securities Inc. bought a new position in shares of Sixth Street Specialty Lending in the first quarter valued at $156,000. Rivernorth Capital Management LLC bought a new stake in shares of Sixth Street Specialty Lending during the first quarter worth about $5,348,000. The Manufacturers Life Insurance Company raised its holdings in shares of Sixth Street Specialty Lending by 6.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 246,378 shares of the financial services provider’s stock worth $4,528,000 after acquiring an additional 15,629 shares during the last quarter. Lazard Asset Management LLC bought a new position in Sixth Street Specialty Lending in the 1st quarter valued at about $2,809,000. Finally, OMERS ADMINISTRATION Corp lifted its position in Sixth Street Specialty Lending by 318.2% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 1,961,813 shares of the financial services provider’s stock valued at $36,058,000 after acquiring an additional 1,492,704 shares in the last quarter. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Trading Down 1.9%

NYSE:TSLX opened at $17.29 on Friday. Sixth Street Specialty Lending, Inc. has a 52 week low of $16.04 and a 52 week high of $24.79. The firm has a 50-day moving average price of $17.09 and a two-hundred day moving average price of $18.41. The company has a debt-to-equity ratio of 1.17, a quick ratio of 3.39 and a current ratio of 3.39. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 15.03 and a beta of 0.59.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). The business 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 quarter in the previous year, the firm earned $0.58 EPS. On average, equities analysts expect that Sixth Street Specialty Lending, Inc. will post 1.71 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.42 dividend. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. This represents a $1.68 annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend was Monday, June 15th. Sixth Street Specialty Lending’s payout ratio is presently 146.09%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company decreased their price objective on Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. JPMorgan Chase & Co. dropped their target price on Sixth Street Specialty Lending from $17.50 to $16.50 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Citizens Jmp cut their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Zacks Research upgraded Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen lowered Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sixth Street Specialty Lending presently has an average rating of “Moderate Buy” and a consensus price target of $19.67.

Insider Transactions at Sixth Street Specialty Lending

In other Sixth Street Specialty Lending news, VP Ross Anthony Bruck acquired 8,000 shares of Sixth Street Specialty Lending stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $17.76 per share, for a total transaction of $142,080.00. Following the purchase, the vice president directly owned 18,250 shares of the company’s stock, valued at $324,120. This trade represents a 78.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.83% of the stock is owned by company insiders.

Sixth Street Specialty Lending Profile

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.