Focus Partners Advisor Solutions LLC Has $388,000 Holdings in Sixth Street Specialty Lending, Inc. $TSLX

Focus Partners Advisor Solutions LLC raised its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 81.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,296 shares of the financial services provider’s stock after buying an additional 7,320 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Sixth Street Specialty Lending were worth $388,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TSLX. Rossby Financial LCC acquired a new position in shares of Sixth Street Specialty Lending during the first quarter worth approximately $62,000. SVB Wealth LLC acquired a new position in shares of Sixth Street Specialty Lending in the first quarter valued at $107,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Sixth Street Specialty Lending in the first quarter valued at $117,000. Silver Oak Securities Incorporated acquired a new position in shares of Sixth Street Specialty Lending in the first quarter valued at $182,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sixth Street Specialty Lending in the 1st quarter valued at $201,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Performance

Sixth Street Specialty Lending stock opened at $22.55 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.79 and a quick ratio of 3.79. The stock has a fifty day moving average price of $23.05 and a two-hundred day moving average price of $23.01. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $25.17. The firm has a market capitalization of $2.13 billion, a P/E ratio of 11.22 and a beta of 0.85.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its 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. The company had revenue of $115.00 million for the quarter, compared to analysts’ expectations of $110.42 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 39.56%.During the same quarter in the prior year, the business earned $0.58 earnings per share. As a group, analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLX has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $24.00 price objective on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 1st. Weiss Ratings restated a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 8th. Finally, 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 note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.56.

About Sixth Street Specialty Lending

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.