Wealthstar Advisors LLC Has $2.80 Million Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Wealthstar Advisors LLC lowered its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3.2% during the first quarter, HoldingsChannel reports. The fund owned 130,562 shares of the financial services provider’s stock after selling 4,287 shares during the quarter. Sixth Street Specialty Lending comprises about 1.0% of Wealthstar Advisors LLC’s portfolio, making the stock its 11th largest holding. Wealthstar Advisors LLC’s holdings in Sixth Street Specialty Lending were worth $2,798,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLX. Community Bank N.A. grew its position in shares of Sixth Street Specialty Lending by 50.0% in the 4th quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock valued at $32,000 after buying an additional 500 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Sixth Street Specialty Lending by 576.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,281 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,944 shares in the last quarter. Cape Investment Advisory Inc. bought a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at about $65,000. Security National Bank bought a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at about $68,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $90,000. Institutional investors own 70.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JMP Securities restated a “market outperform” rating and set a $22.50 target price on shares of Sixth Street Specialty Lending in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods cut their target price on Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Sixth Street Specialty Lending Stock Down 0.1 %

Shares of Sixth Street Specialty Lending stock traded down $0.02 on Thursday, hitting $21.74. The company had a trading volume of 181,018 shares, compared to its average volume of 305,891. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 8.77 and a beta of 1.05. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.45 and a 1 year high of $22.35. The stock has a 50 day moving average of $21.47 and a 200-day moving average of $21.41. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.03 and a current ratio of 2.03.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.02). The company had revenue of $117.78 million during the quarter, compared to analysts’ expectations of $118.44 million. Sixth Street Specialty Lending had a return on equity of 13.74% and a net margin of 47.16%. As a group, sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, June 3rd were paid a $0.06 dividend. This represents a dividend yield of 7.63%. The ex-dividend date of this dividend was Friday, May 31st. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 74.19%.

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.