FourThought Financial LLC Has $236,000 Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

FourThought Financial LLC lessened its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Rating) by 14.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,418 shares of the financial services provider’s stock after selling 2,491 shares during the period. FourThought Financial LLC’s holdings in Sixth Street Specialty Lending were worth $236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Prelude Capital Management LLC raised its stake in Sixth Street Specialty Lending by 1.0% during the third quarter. Prelude Capital Management LLC now owns 65,839 shares of the financial services provider’s stock worth $1,076,000 after buying an additional 650 shares during the last quarter. Bramshill Investments LLC raised its position in shares of Sixth Street Specialty Lending by 1.4% in the 2nd quarter. Bramshill Investments LLC now owns 51,334 shares of the financial services provider’s stock worth $950,000 after acquiring an additional 727 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Sixth Street Specialty Lending by 2.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,957 shares of the financial services provider’s stock valued at $791,000 after purchasing an additional 802 shares during the period. Pictet North America Advisors SA boosted its position in shares of Sixth Street Specialty Lending by 2.5% during the 3rd quarter. Pictet North America Advisors SA now owns 33,838 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 838 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Sixth Street Specialty Lending by 10.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,310 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 44.71% of the company’s stock.

Analysts Set New Price Targets

TSLX has been the subject of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $22.00 target price on shares of Sixth Street Specialty Lending in a report on Monday, March 13th. StockNews.com began coverage on shares of Sixth Street Specialty Lending in a research note on Thursday. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods increased their target price on shares of Sixth Street Specialty Lending from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Sixth Street Specialty Lending Trading Down 1.2 %

NYSE TSLX opened at $17.10 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.07. Sixth Street Specialty Lending, Inc. has a 52 week low of $16.02 and a 52 week high of $23.68. The business has a 50 day moving average price of $18.77 and a 200-day moving average price of $18.23. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 12.57 and a beta of 1.07.

Sixth Street Specialty Lending (NYSE:TSLX – Get Rating) last announced its quarterly earnings results on Friday, February 17th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Sixth Street Specialty Lending had a net margin of 34.95% and a return on equity of 12.91%. The business had revenue of $309.31 million during the quarter, compared to analyst estimates of $94.08 million. During the same quarter in the previous year, the business posted $0.63 EPS. Sixth Street Specialty Lending’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.22 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a Variable dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a $0.09 dividend. This is a boost from Sixth Street Specialty Lending’s previous Variable dividend of $0.04. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a yield of 9.4%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 135.29%.

Insider Buying and Selling at Sixth Street Specialty Lending

In related news, Director Hurley Doddy acquired 2,900 shares of the stock in a transaction dated Monday, March 13th. The stock was purchased at an average cost of $17.51 per share, with a total value of $50,779.00. Following the completion of the purchase, the director now directly owns 15,241 shares in the company, valued at approximately $266,869.91. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Hurley Doddy acquired 2,900 shares of the business’s stock in a transaction on Monday, March 13th. The shares were purchased at an average cost of $17.51 per share, with a total value of $50,779.00. Following the acquisition, the director now directly owns 15,241 shares of the company’s stock, valued at $266,869.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael Graf bought 2,000 shares of Sixth Street Specialty Lending stock in a transaction dated Thursday, March 9th. The stock was purchased at an average price of $18.55 per share, with a total value of $37,100.00. Following the purchase, the insider now owns 2,000 shares in the company, valued at $37,100. The disclosure for this purchase can be found here. Company insiders own 3.90% of the company’s stock.

Sixth Street Specialty Lending Company Profile

(Get Rating)

Sixth Street Specialty Lending, Inc engages in the provision of financing solutions. It invests in first-lien debt, second-lien debt, mezzanine and unsecured debt or equity or other securities issued by middle-market companies. The company is founded in 2010 and is headquartered in New York, NY.