Commonwealth Equity Services LLC Grows Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Commonwealth Equity Services LLC lifted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 21.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,119 shares of the financial services provider’s stock after buying an additional 23,796 shares during the period. Commonwealth Equity Services LLC owned about 0.14% of Sixth Street Specialty Lending worth $2,853,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Sixth Street Specialty Lending by 3.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 304,829 shares of the financial services provider’s stock worth $6,533,000 after buying an additional 10,163 shares during the period. Riverbridge Partners LLC increased its stake in shares of Sixth Street Specialty Lending by 2.8% in the first quarter. Riverbridge Partners LLC now owns 68,620 shares of the financial services provider’s stock worth $1,471,000 after buying an additional 1,868 shares during the period. Global Retirement Partners LLC raised its holdings in Sixth Street Specialty Lending by 105.0% during the 1st quarter. Global Retirement Partners LLC now owns 1,757 shares of the financial services provider’s stock valued at $38,000 after buying an additional 900 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in Sixth Street Specialty Lending by 1.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 36,276 shares of the financial services provider’s stock valued at $777,000 after buying an additional 571 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Sixth Street Specialty Lending by 1.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 543,115 shares of the financial services provider’s stock worth $11,639,000 after acquiring an additional 6,522 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TSLX shares. 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 note on Monday, May 6th. JMP Securities reissued a “market outperform” rating and set a $22.50 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Sixth Street Specialty Lending Stock Down 0.4 %

Shares of NYSE:TSLX traded down $0.08 during trading on Friday, hitting $21.66. The stock had a trading volume of 73,361 shares, compared to its average volume of 383,331. The company has a market capitalization of $2.01 billion, a PE ratio of 8.77 and a beta of 1.05. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average is $21.48 and its 200 day moving average is $21.41. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.45 and a 12 month high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last announced 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). Sixth Street Specialty Lending had a net margin of 47.16% and a return on equity of 13.74%. The firm had revenue of $117.78 million for the quarter, compared to analysts’ expectations of $118.44 million. Analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

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

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.