Atria Wealth Solutions Inc. Purchases New Stake in Sixth Street Specialty Lending, Inc. $TSLX

Atria Wealth Solutions Inc. purchased a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,570 shares of the financial services provider’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSLX. Strs Ohio acquired a new stake in shares of Sixth Street Specialty Lending in the first quarter valued at approximately $79,698,000. SCS Capital Management LLC purchased a new position in Sixth Street Specialty Lending in the first quarter worth approximately $13,545,000. Allen Investment Management LLC grew its position in Sixth Street Specialty Lending by 24.4% in the first quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider’s stock worth $32,114,000 after acquiring an additional 281,339 shares during the period. Round Rock Advisors LLC grew its position in Sixth Street Specialty Lending by 226.7% in the first quarter. Round Rock Advisors LLC now owns 274,483 shares of the financial services provider’s stock worth $6,143,000 after acquiring an additional 190,469 shares during the period. Finally, Burgundy Asset Management Ltd. grew its position in Sixth Street Specialty Lending by 7.0% in the first quarter. Burgundy Asset Management Ltd. now owns 2,347,046 shares of the financial services provider’s stock worth $52,527,000 after acquiring an additional 154,560 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

TSLX has been the subject of several analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $24.00 price objective on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 1st. Wells Fargo & Company increased their price objective on Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. JMP Securities increased their price objective on Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.56.

Sixth Street Specialty Lending Trading Up 1.4%

TSLX opened at $22.18 on Friday. Sixth Street Specialty Lending, Inc. has a 52 week low of $18.58 and a 52 week high of $25.17. The business has a fifty day simple moving average of $23.20 and a 200-day simple moving average of $22.89. The firm has a market cap of $2.09 billion, a P/E ratio of 11.03 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 released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, topping 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 business had revenue of $115.00 million during the quarter, compared to analyst estimates of $110.42 million. During the same period last year, the business posted $0.58 earnings per share. On average, equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.05 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 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.