Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lessened its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,581 shares of the financial services provider’s stock after selling 16,805 shares during the quarter. Pallas Capital Advisors LLC owned 0.06% of Sixth Street Specialty Lending worth $1,184,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Confluence Investment Management LLC boosted its position in Sixth Street Specialty Lending by 0.5% in the fourth quarter. Confluence Investment Management LLC now owns 251,182 shares of the financial services provider’s stock valued at $5,350,000 after buying an additional 1,273 shares during the last quarter. Barnett & Company Inc. raised its position in Sixth Street Specialty Lending by 4.7% during the third quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider’s stock worth $596,000 after acquiring an additional 1,300 shares during the period. Sanctuary Advisors LLC lifted its holdings in Sixth Street Specialty Lending by 6.3% during the third quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 1,441 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Sixth Street Specialty Lending by 10.6% in the second quarter. Bank of New York Mellon Corp now owns 17,376 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 1,660 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Sixth Street Specialty Lending by 14.5% during the second quarter. ProShare Advisors LLC now owns 14,986 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 1,898 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX opened at $21.11 on Tuesday. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $22.35. The company has a fifty day simple moving average of $20.95 and a two-hundred day simple moving average of $20.91. 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 company has a market cap of $1.97 billion, a price-to-earnings ratio of 10.25 and a beta of 1.05.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. The firm 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 previous year, the firm posted $0.60 EPS. As a group, equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a report on Thursday, November 7th. Finally, Wells Fargo & Company dropped their price objective on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $22.00.

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.