Muzinich & Co. Inc. Has $17.08 Million Position in Sixth Street Specialty Lending, Inc. $TSLX

Muzinich & Co. Inc. raised its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 22.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 746,958 shares of the financial services provider’s stock after acquiring an additional 138,342 shares during the quarter. Sixth Street Specialty Lending comprises 6.6% of Muzinich & Co. Inc.’s portfolio, making the stock its 7th biggest holding. Muzinich & Co. Inc.’s holdings in Sixth Street Specialty Lending were worth $17,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in TSLX. MTM Investment Management LLC acquired a new stake in Sixth Street Specialty Lending in the 2nd quarter valued at approximately $49,000. First Horizon Advisors Inc. raised its stake in shares of Sixth Street Specialty Lending by 74.0% in the second quarter. First Horizon Advisors Inc. now owns 4,123 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 1,753 shares during the last quarter. MAI Capital Management boosted its position in Sixth Street Specialty Lending by 83.5% in the 2nd quarter. MAI Capital Management now owns 4,264 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,940 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Sixth Street Specialty Lending by 604.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,700 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 4,033 shares during the period. Finally, Nomura Asset Management Co. Ltd. bought a new position in Sixth Street Specialty Lending in the second quarter valued at approximately $157,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Down 0.3%

TSLX stock opened at $21.64 on Tuesday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 10.61 and a beta of 0.70. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $25.17. The business has a 50 day moving average price of $21.82 and a two-hundred day moving average price of $22.97. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.13.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, November 4th. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. Sixth Street Specialty Lending had a net margin of 41.24% and a return on equity of 13.20%. The business had revenue of $109.40 million during the quarter, compared to analysts’ expectations of $108.35 million. During the same period last year, the business earned $0.57 earnings per share. Analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. Sixth Street Specialty Lending’s payout ratio is presently 90.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $24.00 price objective on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 1st. Royal Bank Of Canada decreased their target price on Sixth Street Specialty Lending from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, December 24th. Keefe, Bruyette & Woods decreased their price objective on shares of Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Wells Fargo & Company dropped their price objective on Sixth Street Specialty Lending from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Insider Transactions at Sixth Street Specialty Lending

In related news, CEO Robert J. Stanley purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of $20.85 per share, for a total transaction of $208,500.00. Following the purchase, the chief executive officer owned 24,907 shares in the company, valued at approximately $519,310.95. This represents a 67.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.30% of the stock is owned by corporate insiders.

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.