Future Financial Wealth Managment LLC Takes Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Future Financial Wealth Managment LLC acquired a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,200 shares of the financial services provider’s stock, valued at approximately $86,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSLX. Sound Income Strategies LLC boosted its position in Sixth Street Specialty Lending by 4.0% during the 1st quarter. Sound Income Strategies LLC now owns 2,070,259 shares of the financial services provider’s stock worth $44,366,000 after acquiring an additional 80,581 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Sixth Street Specialty Lending during the first quarter worth $5,212,000. Baillie Gifford & Co. grew its position in Sixth Street Specialty Lending by 41.7% in the first quarter. Baillie Gifford & Co. now owns 225,420 shares of the financial services provider’s stock valued at $4,831,000 after purchasing an additional 66,348 shares in the last quarter. Naviter Wealth LLC acquired a new stake in Sixth Street Specialty Lending in the 1st quarter valued at $1,326,000. Finally, LSV Asset Management lifted its position in Sixth Street Specialty Lending by 7.3% during the 1st quarter. LSV Asset Management now owns 1,215,312 shares of the financial services provider’s stock worth $26,044,000 after buying an additional 82,398 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock opened at $20.31 on Thursday. The company has a fifty day moving average price of $20.76 and a two-hundred day moving average price of $21.14. Sixth Street Specialty Lending, Inc. has a one year low of $19.02 and a one year high of $22.35. The stock has a market cap of $1.89 billion, a P/E ratio of 8.19 and a beta of 1.06. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Sixth Street Specialty Lending had a net margin of 44.55% and a return on equity of 13.76%. The business had revenue of $121.82 million during the quarter, compared to the consensus estimate of $120.33 million. During the same period last year, the business posted $0.58 EPS. As a group, equities analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.46 per share. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. This represents a $1.84 annualized dividend and a dividend yield of 9.06%. The ex-dividend date was Monday, September 16th. Sixth Street Specialty Lending’s payout ratio is currently 74.19%.

Insider Buying and Selling

In other Sixth Street Specialty Lending news, Director Judy S. Slotkin purchased 7,015 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $19.90 per share, for a total transaction of $139,598.50. Following the purchase, the director now owns 18,726 shares in the company, valued at approximately $372,647.40. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.30% of the stock is owned by insiders.

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.