5,115 Shares in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Acquired by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC purchased a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,115 shares of the financial services provider’s stock, valued at approximately $109,000.

Other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC raised its stake in shares of Sixth Street Specialty Lending by 2.8% in the second quarter. Sound Income Strategies LLC now owns 2,129,099 shares of the financial services provider’s stock worth $45,456,000 after acquiring an additional 58,840 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in Sixth Street Specialty Lending by 0.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 2,076,819 shares of the financial services provider’s stock worth $44,506,000 after buying an additional 18,859 shares in the last quarter. Van ECK Associates Corp boosted its position in Sixth Street Specialty Lending by 12.9% in the 1st quarter. Van ECK Associates Corp now owns 1,811,376 shares of the financial services provider’s stock valued at $38,818,000 after buying an additional 206,432 shares during the last quarter. LSV Asset Management increased its stake in shares of Sixth Street Specialty Lending by 7.3% in the 1st quarter. LSV Asset Management now owns 1,215,312 shares of the financial services provider’s stock valued at $26,044,000 after buying an additional 82,398 shares during the period. Finally, 1832 Asset Management L.P. raised its position in shares of Sixth Street Specialty Lending by 20.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,200,000 shares of the financial services provider’s stock worth $25,920,000 after acquiring an additional 200,000 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Up 0.3 %

Shares of TSLX stock traded up $0.06 during trading hours on Friday, hitting $21.24. 345,868 shares of the company were exchanged, compared to its average volume of 362,435. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.02 and a 52 week high of $22.35. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average of $21.12 and a two-hundred day moving average of $21.24. The company has a market capitalization of $1.97 billion, a PE ratio of 8.56 and a beta of 1.05.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Sixth Street Specialty Lending had a return on equity of 13.76% and a net margin of 44.55%. The company had revenue of $121.82 million during the quarter, compared to analysts’ expectations of $120.33 million. During the same period in the prior year, the firm earned $0.58 earnings per share. Analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.66%. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, September 16th. Sixth Street Specialty Lending’s dividend payout ratio is currently 74.19%.

Insider Activity

In related news, Director Judy S. Slotkin purchased 7,015 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $19.90 per share, for a total transaction of $139,598.50. Following the completion of the purchase, the director now directly owns 18,726 shares in the company, valued at $372,647.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TSLX. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th. Keefe, Bruyette & Woods lowered their target price on shares of Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

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.