Dearborn Partners LLC Buys Shares of 50,508 Sixth Street Specialty Lending, Inc. $TSLX

Dearborn Partners LLC bought a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 50,508 shares of the financial services provider’s stock, valued at approximately $928,000. Dearborn Partners LLC owned approximately 0.05% of Sixth Street Specialty Lending at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Quantum Portfolio Management LLC purchased a new stake in shares of Sixth Street Specialty Lending during the first quarter valued at $273,434,000. Strs Ohio raised its position in Sixth Street Specialty Lending by 101.8% in the 1st quarter. Strs Ohio now owns 4,347,710 shares of the financial services provider’s stock worth $79,911,000 after buying an additional 2,193,551 shares during the last quarter. Sound Income Strategies LLC raised its position in Sixth Street Specialty Lending by 2.4% in the 1st quarter. Sound Income Strategies LLC now owns 2,571,052 shares of the financial services provider’s stock worth $46,562,000 after buying an additional 59,937 shares during the last quarter. Progeny 3 Inc. lifted its stake in Sixth Street Specialty Lending by 1.0% during the 2nd quarter. Progeny 3 Inc. now owns 2,476,398 shares of the financial services provider’s stock valued at $58,963,000 after acquiring an additional 23,451 shares during the period. Finally, Bank of Montreal Can lifted its stake in Sixth Street Specialty Lending by 419.5% during the 4th quarter. Bank of Montreal Can now owns 2,284,920 shares of the financial services provider’s stock valued at $49,628,000 after acquiring an additional 1,845,088 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Sixth Street Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Truist Financial dropped their target price on shares of 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. Royal Bank Of Canada cut their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sixth Street Specialty Lending in a research report on Thursday, August 13th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.83.

Sixth Street Specialty Lending Trading Up 0.7%

Sixth Street Specialty Lending stock opened at $18.92 on Tuesday. Sixth Street Specialty Lending, Inc. has a 52-week low of $16.04 and a 52-week high of $24.79. The company has a market cap of $1.80 billion, a P/E ratio of 19.91 and a beta of 0.59. The company has a quick ratio of 9.83, a current ratio of 9.83 and a debt-to-equity ratio of 1.24. The business has a 50-day simple moving average of $17.53 and a two-hundred day simple moving average of $17.99.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $97.84 million for the quarter, compared to analysts’ expectations of $95.28 million. Sixth Street Specialty Lending had a net margin of 21.79% and a return on equity of 11.33%. During the same quarter in the prior year, the business earned $0.56 EPS. Analysts predict that Sixth Street Specialty Lending, Inc. will post 1.74 EPS for the current year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio is currently 176.84%.

Sixth Street Specialty Lending Company 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.