Round Rock Advisors LLC Invests $1.79 Million in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Round Rock Advisors LLC purchased a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 84,014 shares of the financial services provider’s stock, valued at approximately $1,789,000. Round Rock Advisors LLC owned about 0.09% of Sixth Street Specialty Lending as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of TSLX. Trust Co. of Vermont purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $39,000. Quarry LP boosted its stake in Sixth Street Specialty Lending by 378.3% during the third quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after buying an additional 3,238 shares during the period. Future Financial Wealth Managment LLC bought a new position in Sixth Street Specialty Lending during the third quarter valued at $86,000. EMC Capital Management raised its stake in shares of Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 3,242 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sixth Street Specialty Lending in the 3rd quarter worth about $196,000. Institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

TSLX has been the topic of several analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a report on Thursday, November 7th. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, November 6th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Finally, Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $22.33.

Sixth Street Specialty Lending Stock Up 0.5 %

Shares of NYSE TSLX opened at $22.40 on Friday. The stock has a 50 day moving average price of $21.37 and a 200 day moving average price of $20.94. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.87 and a beta of 1.05. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.50 and a 52-week high of $22.42. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50.

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

Sixth Street Specialty Lending Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were given a dividend of $0.05 per share. This represents a yield of 7.59%. The ex-dividend date of this dividend was Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 89.32%.

About Sixth Street Specialty Lending

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.