Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stake Lessened by Romano Brothers AND Company

Romano Brothers AND Company trimmed its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,200 shares of the financial services provider’s stock after selling 500 shares during the quarter. Romano Brothers AND Company’s holdings in Sixth Street Specialty Lending were worth $558,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TSLX. Bank of New York Mellon Corp grew its position in shares of Sixth Street Specialty Lending by 10.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,376 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 1,660 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Sixth Street Specialty Lending by 17.1% in the second quarter. Envestnet Asset Management Inc. now owns 505,934 shares of the financial services provider’s stock worth $10,802,000 after purchasing an additional 73,891 shares during the period. ProShare Advisors LLC increased its stake in 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 valued at $320,000 after purchasing an additional 1,898 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Sixth Street Specialty Lending by 6.6% during the second quarter. 1832 Asset Management L.P. now owns 1,279,000 shares of the financial services provider’s stock worth $27,307,000 after purchasing an additional 79,000 shares during the period. Finally, Progeny 3 Inc. lifted its position in shares of Sixth Street Specialty Lending by 2.6% in the 2nd quarter. Progeny 3 Inc. now owns 2,036,778 shares of the financial services provider’s stock worth $43,485,000 after buying an additional 50,908 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX opened at $21.65 on Monday. Sixth Street Specialty Lending, Inc. has a 12-month low of $19.50 and a 12-month high of $22.35. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. The company has a market cap of $2.02 billion, a PE ratio of 10.51 and a beta of 1.05. The stock has a 50 day simple moving average of $21.06 and a 200-day simple moving average of $20.91.

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

Sixth Street Specialty Lending Cuts Dividend

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