Mirae Asset Global Investments Co. Ltd. Purchases 6,031 Shares of Sixth Street Specialty Lending, Inc. $TSLX

Mirae Asset Global Investments Co. Ltd. grew its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 66.9% during the second quarter, HoldingsChannel.com reports. The fund owned 15,050 shares of the financial services provider’s stock after acquiring an additional 6,031 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Sixth Street Specialty Lending were worth $358,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rossby Financial LCC purchased a new position in shares of Sixth Street Specialty Lending in the 1st quarter worth approximately $62,000. Redmont Wealth Advisors LLC purchased a new position in shares of Sixth Street Specialty Lending in the 1st quarter worth approximately $97,000. SVB Wealth LLC purchased a new position in shares of Sixth Street Specialty Lending in the 1st quarter worth approximately $107,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Sixth Street Specialty Lending in the 1st quarter worth approximately $117,000. Finally, Silver Oak Securities Incorporated purchased a new position in shares of Sixth Street Specialty Lending in the 1st quarter worth approximately $182,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sixth Street Specialty Lending Price Performance

TSLX opened at $20.88 on Friday. The business has a fifty day moving average of $23.60 and a 200 day moving average of $22.89. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $25.17. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.07. The stock has a market cap of $1.97 billion, a P/E ratio of 10.39 and a beta of 0.85.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating 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 company had revenue of $115.00 million during the quarter, compared to analysts’ expectations of $110.42 million. During the same quarter in the previous year, the business earned $0.58 EPS. As a group, sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, September 15th. Sixth Street Specialty Lending’s dividend payout ratio is currently 91.54%.

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.