Cambridge Investment Research Advisors Inc. Trims Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Cambridge Investment Research Advisors Inc. cut its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Rating) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,257 shares of the financial services provider’s stock after selling 2,914 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Sixth Street Specialty Lending were worth $592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. purchased a new position in shares of Sixth Street Specialty Lending in the 3rd quarter worth about $25,000. Arcus Capital Partners LLC purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth about $31,000. Credit Suisse AG purchased a new position in shares of Sixth Street Specialty Lending in the 2nd quarter worth about $85,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth about $95,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Sixth Street Specialty Lending by 11.9% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 9,842 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 1,046 shares during the period. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Trading Down 0.2 %

NYSE:TSLX opened at $17.96 on Thursday. Sixth Street Specialty Lending, Inc. has a 12-month low of $16.02 and a 12-month high of $21.14. The firm has a market capitalization of $1.47 billion, a P/E ratio of 11.97 and a beta of 1.07. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.72 and a quick ratio of 1.72. The business has a 50 day simple moving average of $17.87 and a 200 day simple moving average of $18.31.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Tuesday, June 20th. Investors of record on Wednesday, May 31st will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, May 30th. This represents a yield of 10.1%. Sixth Street Specialty Lending’s dividend payout ratio is currently 122.67%.

Wall Street Analyst Weigh In

TSLX has been the topic of a number of research reports. JMP Securities cut their price objective on Sixth Street Specialty Lending from $22.00 to $21.00 in a report on Wednesday, May 10th. TheStreet downgraded Sixth Street Specialty Lending from a “b” rating to a “c+” rating in a report on Friday, May 19th. StockNews.com assumed coverage on Sixth Street Specialty Lending in a research note on Thursday, May 18th. They set a “hold” rating for the company. Finally, Keefe, Bruyette & Woods raised their price objective on Sixth Street Specialty Lending from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.83.

Insider Activity at Sixth Street Specialty Lending

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

About Sixth Street Specialty Lending

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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.