Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stock Holdings Lifted by Muzinich & Co. Inc.

Muzinich & Co. Inc. lifted its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 12.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 366,410 shares of the financial services provider’s stock after acquiring an additional 40,330 shares during the quarter. Sixth Street Specialty Lending makes up about 5.3% of Muzinich & Co. Inc.’s holdings, making the stock its 8th largest holding. Muzinich & Co. Inc.’s holdings in Sixth Street Specialty Lending were worth $7,522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Sixth Street Specialty Lending in the first quarter worth approximately $552,000. ProShare Advisors LLC increased its holdings in shares of Sixth Street Specialty Lending by 15.8% in the 1st quarter. ProShare Advisors LLC now owns 13,088 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 1,784 shares during the period. Texas Capital Bank Wealth Management Services Inc raised its position in shares of Sixth Street Specialty Lending by 13.6% in the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 123,799 shares of the financial services provider’s stock worth $2,653,000 after acquiring an additional 14,791 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Sixth Street Specialty Lending by 0.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 2,076,819 shares of the financial services provider’s stock worth $44,506,000 after purchasing an additional 18,859 shares during the last quarter. Finally, MQS Management LLC bought a new stake in Sixth Street Specialty Lending during the first quarter valued at about $569,000. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Stock Performance

TSLX opened at $20.36 on Friday. The company has a market cap of $1.90 billion, a P/E ratio of 9.88 and a beta of 1.06. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The firm’s 50-day moving average price is $20.55 and its 200-day moving average price is $21.02. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.50 and a 52-week high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The business had revenue of $119.22 million for the quarter, compared to analyst estimates of $119.85 million. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a — dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a yield of 9.1%. Sixth Street Specialty Lending’s dividend payout ratio is currently 89.32%.

Analyst Ratings Changes

A number of equities analysts have commented on TSLX shares. Wells Fargo & Company reduced their target price on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Keefe, Bruyette & Woods cut their price objective on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. LADENBURG THALM/SH SH raised shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, November 6th. Finally, 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Sixth Street Specialty Lending presently has an average rating of “Buy” and an average price target of $22.00.

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.