Advisory Services Network LLC Has $206,000 Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Advisory Services Network LLC lowered its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 65.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,274 shares of the financial services provider’s stock after selling 17,737 shares during the period. Advisory Services Network LLC’s holdings in Sixth Street Specialty Lending were worth $206,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in Sixth Street Specialty Lending by 122.8% during the 3rd quarter. Signaturefd LLC now owns 1,125 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 620 shares during the last quarter. Citigroup Inc. boosted its stake in Sixth Street Specialty Lending by 172.2% during the 2nd quarter. Citigroup Inc. now owns 2,371 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,500 shares during the last quarter. Moors & Cabot Inc. acquired a new position in Sixth Street Specialty Lending during the 3rd quarter valued at about $60,000. FORA Capital LLC purchased a new position in shares of Sixth Street Specialty Lending in the 2nd quarter worth approximately $84,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of Sixth Street Specialty Lending in the 3rd quarter worth approximately $94,000. Institutional investors and hedge funds own 49.42% of the company’s stock.

NYSE:TSLX opened at $23.99 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $1.75 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18. The firm’s 50 day moving average is $23.66 and its 200 day moving average is $23.24. Sixth Street Specialty Lending, Inc. has a 12 month low of $20.16 and a 12 month high of $24.74.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Tuesday, November 2nd. The financial services provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $71.20 million for the quarter, compared to analysts’ expectations of $69.76 million. Sixth Street Specialty Lending had a net margin of 85.14% and a return on equity of 12.26%. Research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Wednesday, December 15th were issued a $0.41 dividend. The ex-dividend date of this dividend was Tuesday, December 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.84%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 55.03%.

A number of equities analysts have recently weighed in on TSLX shares. JMP Securities boosted their target price on Sixth Street Specialty Lending from $24.00 to $25.50 and gave the stock a “market outperform” rating in a research note on Thursday, November 4th. Zacks Investment Research downgraded Sixth Street Specialty Lending from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Raymond James boosted their target price on Sixth Street Specialty Lending from $23.50 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, November 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $24.88.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending, Inc acts as private equity fund. The fund target companies operating in the fields health, commercial, internet, industrial, technology serveries. It provides financing for first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments,transaction size between $15 to $350 million, EBTIDA of $10 to $250 million and enterprise value of $50 million.

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Institutional Ownership by Quarter for Sixth Street Specialty Lending (NYSE:TSLX)

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