Union Bancaire Privee UBP SA Buys Shares of 18,384 Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Union Bancaire Privee UBP SA purchased a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,384 shares of the financial services provider’s stock, valued at approximately $392,000.

Several other hedge funds have also recently added to or reduced their stakes in TSLX. Private Advisor Group LLC grew its holdings in shares of Sixth Street Specialty Lending by 26.8% during the third quarter. Private Advisor Group LLC now owns 25,503 shares of the financial services provider’s stock worth $524,000 after buying an additional 5,398 shares in the last quarter. Legacy Capital Wealth Partners LLC grew its stake in Sixth Street Specialty Lending by 98.6% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 144,698 shares of the financial services provider’s stock valued at $2,971,000 after acquiring an additional 71,849 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Sixth Street Specialty Lending by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider’s stock valued at $24,131,000 after acquiring an additional 162,810 shares during the last quarter. Van ECK Associates Corp lifted its stake in Sixth Street Specialty Lending by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider’s stock worth $47,117,000 after purchasing an additional 141,463 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Sixth Street Specialty Lending by 106.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,184 shares of the financial services provider’s stock worth $1,051,000 after purchasing an additional 26,349 shares during the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. LADENBURG THALM/SH SH raised shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods reduced their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Finally, Wells Fargo & Company dropped their price target on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $22.00.

Sixth Street Specialty Lending Trading Up 0.3 %

NYSE TSLX opened at $22.11 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. The stock has a market capitalization of $2.06 billion, a P/E ratio of 10.73 and a beta of 1.05. The firm’s 50-day moving average is $21.27 and its two-hundred day moving average is $20.92. Sixth Street Specialty Lending, Inc. has a 12 month low of $19.50 and a 12 month high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The firm had revenue of $119.22 million for the quarter, compared to analyst estimates of $119.85 million. During the same period in the prior year, the business posted $0.60 EPS. On average, sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 7.59%. Sixth Street Specialty Lending’s payout ratio is presently 89.32%.

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.