Sixth Street Specialty Lending, Inc. $TSLX Stock Holdings Lowered by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 28.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 148,369 shares of the financial services provider’s stock after selling 57,565 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Sixth Street Specialty Lending were worth $3,223,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TSLX. Van ECK Associates Corp increased its holdings in shares of Sixth Street Specialty Lending by 18.0% in the third quarter. Van ECK Associates Corp now owns 2,529,187 shares of the financial services provider’s stock valued at $57,817,000 after buying an additional 385,398 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of Sixth Street Specialty Lending by 4.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,511,115 shares of the financial services provider’s stock worth $55,998,000 after acquiring an additional 108,708 shares in the last quarter. Progeny 3 Inc. boosted its position in shares of Sixth Street Specialty Lending by 1.0% in 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 purchasing an additional 23,451 shares during the period. Bank of Montreal Can boosted its position in shares of Sixth Street Specialty Lending by 419.5% in 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 purchasing an additional 1,845,088 shares during the period. Finally, Strs Ohio increased its stake in Sixth Street Specialty Lending by 2.4% in the 4th quarter. Strs Ohio now owns 2,154,159 shares of the financial services provider’s stock worth $46,788,000 after purchasing an additional 49,986 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Price Performance

NYSE TSLX opened at $16.88 on Monday. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $1.60 billion, a PE ratio of 14.67 and a beta of 0.60. The company has a 50 day moving average price of $17.67 and a two-hundred day moving average price of $19.19. Sixth Street Specialty Lending, Inc. has a 12-month low of $16.04 and a 12-month high of $25.17.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.07). Sixth Street Specialty Lending had a net margin of 25.25% and a return on equity of 11.92%. The business had revenue of $93.40 million for the quarter, compared to the consensus estimate of $103.14 million. During the same quarter in the prior year, the business posted $0.58 EPS. As a group, equities analysts predict that Sixth Street Specialty Lending, Inc. will post 1.71 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 10.0%. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, June 15th. Sixth Street Specialty Lending’s dividend payout ratio is 146.09%.

Insiders Place Their Bets

In related news, VP Ross Anthony Bruck purchased 8,000 shares of Sixth Street Specialty Lending stock in a transaction on Monday, May 11th. The stock was bought at an average price of $17.76 per share, with a total value of $142,080.00. Following the completion of the transaction, the vice president directly owned 18,250 shares of the company’s stock, valued at approximately $324,120. This represents a 78.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TSLX. Weiss Ratings downgraded Sixth Street Specialty Lending from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Royal Bank Of Canada dropped their target price on shares of Sixth Street Specialty Lending from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Zacks Research lowered shares of Sixth Street Specialty Lending from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Wells Fargo & Company reduced their price target on shares of Sixth Street Specialty Lending from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Finally, Citizens Jmp decreased their price objective on shares of Sixth Street Specialty Lending from $25.00 to $24.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.83.

Sixth Street Specialty Lending 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.