Advisors Capital Management LLC Buys 9,992 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Advisors Capital Management LLC increased its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 704,608 shares of the financial services provider’s stock after acquiring an additional 9,992 shares during the period. Advisors Capital Management LLC owned about 0.75% of Sixth Street Specialty Lending worth $15,769,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TSLX. Ameriflex Group Inc. purchased a new position in Sixth Street Specialty Lending during the 4th quarter valued at about $27,000. AdvisorNet Financial Inc purchased a new position in Sixth Street Specialty Lending during the 1st quarter valued at about $40,000. Rossby Financial LCC purchased a new position in Sixth Street Specialty Lending during the 1st quarter valued at about $62,000. Redmont Wealth Advisors LLC purchased a new position in Sixth Street Specialty Lending during the 1st quarter valued at about $97,000. Finally, SVB Wealth LLC purchased a new position in Sixth Street Specialty Lending during the 1st quarter valued at about $107,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Up 0.9%

TSLX stock opened at $24.60 on Friday. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $18.58 and a fifty-two week high of $25.17. The business’s 50 day moving average price is $24.27 and its two-hundred day moving average price is $22.87. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 12.24 and a beta of 0.85.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $110.42 million. During the same quarter in the prior year, the business earned $0.58 EPS. As a group, analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.05 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. Sixth Street Specialty Lending’s dividend payout ratio is presently 91.54%.

Wall Street Analysts Forecast Growth

TSLX has been the topic of a number of research analyst reports. JMP Securities boosted their price target on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. Wells Fargo & Company boosted their price target on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $23.28.

Sixth Street Specialty Lending 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.