Sixth Street Specialty Lending, Inc. $TSLX Shares Sold by Aberdeen Group plc

Aberdeen Group plc lowered its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 5.7% in the 2nd quarter, Holdings Channel reports. The fund owned 123,237 shares of the financial services provider’s stock after selling 7,443 shares during the period. Aberdeen Group plc’s holdings in Sixth Street Specialty Lending were worth $2,936,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TSLX. Strs Ohio bought a new position in Sixth Street Specialty Lending in the 1st quarter worth about $79,698,000. Sound Income Strategies LLC boosted its position in shares of Sixth Street Specialty Lending by 1.9% during the second quarter. Sound Income Strategies LLC now owns 2,406,296 shares of the financial services provider’s stock worth $57,294,000 after buying an additional 45,157 shares during the period. Burgundy Asset Management Ltd. grew its holdings in Sixth Street Specialty Lending by 7.0% in the 1st quarter. Burgundy Asset Management Ltd. now owns 2,347,046 shares of the financial services provider’s stock worth $52,527,000 after buying an additional 154,560 shares in the last quarter. Allen Investment Management LLC increased its position in Sixth Street Specialty Lending by 24.4% in the 1st quarter. Allen Investment Management LLC now owns 1,434,920 shares of the financial services provider’s stock valued at $32,114,000 after acquiring an additional 281,339 shares during the period. Finally, LSV Asset Management increased its position in Sixth Street Specialty Lending by 3.9% in the 1st quarter. LSV Asset Management now owns 1,177,111 shares of the financial services provider’s stock valued at $26,344,000 after acquiring an additional 44,449 shares during the period. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Stock Up 1.1%

Shares of NYSE:TSLX opened at $21.52 on Friday. The firm has a 50 day simple moving average of $23.38 and a 200 day simple moving average of $22.86. 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 debt-to-equity ratio of 1.07, a quick ratio of 3.79 and a current ratio of 3.79. The company has a market cap of $2.03 billion, a PE ratio of 10.71 and a beta of 0.85.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $0.56 earnings per share 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 for the quarter, compared to the consensus estimate of $110.42 million. During the same quarter in the prior year, the company earned $0.58 EPS. As a group, research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, September 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. Sixth Street Specialty Lending’s dividend payout ratio is 91.54%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TSLX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $24.00 target price on shares of Sixth Street Specialty Lending in a research note on Wednesday, October 1st. JMP Securities boosted their price target on shares of 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, 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 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.56.

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.