GraniteShares Advisors LLC Sells 851 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

GraniteShares Advisors LLC decreased its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 79,983 shares of the financial services provider’s stock after selling 851 shares during the period. Sixth Street Specialty Lending makes up about 1.3% of GraniteShares Advisors LLC’s portfolio, making the stock its 13th biggest position. GraniteShares Advisors LLC’s holdings in Sixth Street Specialty Lending were worth $1,495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TSLX. MRP Capital Investments LLC bought a new stake in Sixth Street Specialty Lending during the 1st quarter worth $38,000. Coppell Advisory Solutions Corp. bought a new stake in Sixth Street Specialty Lending during the 4th quarter worth $42,000. Signaturefd LLC grew its position in Sixth Street Specialty Lending by 86.8% during the 1st quarter. Signaturefd LLC now owns 3,746 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,741 shares during the last quarter. Credit Suisse AG bought a new stake in Sixth Street Specialty Lending during the 2nd quarter worth $85,000. Finally, Geneos Wealth Management Inc. grew its position in Sixth Street Specialty Lending by 226.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 7,597 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 5,272 shares during the last quarter. Institutional investors own 48.66% of the company’s stock.

Sixth Street Specialty Lending Stock Up 1.0 %

TSLX stock opened at $21.07 on Wednesday. The stock’s 50 day simple moving average is $20.08 and its 200 day simple moving average is $19.44. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $16.86 and a fifty-two week high of $21.21. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.59 and a current ratio of 1.59. The company has a market cap of $1.84 billion, a P/E ratio of 8.14 and a beta of 1.06.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, December 20th. Investors of record on Thursday, November 30th will be paid a dividend of $0.07 per share. This represents a yield of 8.9%. The ex-dividend date is Wednesday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is currently 71.04%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TSLX shares. Royal Bank of Canada lifted their target price on Sixth Street Specialty Lending from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. TheStreet raised Sixth Street Specialty Lending from a “c+” rating to a “b” rating in a research note on Wednesday, August 16th. Truist Financial boosted their price objective on Sixth Street Specialty Lending from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, August 7th. StockNews.com initiated coverage on Sixth Street Specialty Lending in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, JMP Securities reissued a “market outperform” rating and issued a $21.00 price objective on shares of Sixth Street Specialty Lending in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.80.

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.