Benjamin Edwards Inc. Sells 1,074 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Benjamin Edwards Inc. decreased its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 32,382 shares of the financial services provider’s stock after selling 1,074 shares during the period. Benjamin Edwards Inc.’s holdings in Sixth Street Specialty Lending were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Precision Wealth Strategies LLC purchased a new stake in shares of Sixth Street Specialty Lending in the fourth quarter worth $205,000. UBS Group AG increased its stake in Sixth Street Specialty Lending by 4.2% in the 4th quarter. UBS Group AG now owns 479,926 shares of the financial services provider’s stock worth $10,366,000 after buying an additional 19,486 shares in the last quarter. D.A. Davidson & CO. increased its stake in Sixth Street Specialty Lending by 15.6% in the 4th quarter. D.A. Davidson & CO. now owns 113,665 shares of the financial services provider’s stock worth $2,455,000 after buying an additional 15,313 shares in the last quarter. Eagle Global Advisors LLC raised its holdings in Sixth Street Specialty Lending by 17.5% during the fourth quarter. Eagle Global Advisors LLC now owns 22,200 shares of the financial services provider’s stock valued at $480,000 after acquiring an additional 3,310 shares during the period. Finally, Cape Investment Advisory Inc. purchased a new position in shares of Sixth Street Specialty Lending in the fourth quarter valued at about $65,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Down 0.7 %

Shares of TSLX stock opened at $20.48 on Friday. The stock has a market cap of $1.91 billion, a P/E ratio of 8.26 and a beta of 1.06. The company’s fifty day simple moving average is $20.96 and its two-hundred day simple moving average is $21.18. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.02 and a 52 week high of $22.35.

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

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.98%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 74.19%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reissued an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.67.

Insider Buying and Selling

In other Sixth Street Specialty Lending news, Director Judy S. Slotkin acquired 7,015 shares of the stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $19.90 per share, for a total transaction of $139,598.50. Following the completion of the transaction, the director now directly owns 18,726 shares of the company’s stock, valued at $372,647.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is currently owned by company insiders.

Sixth Street Specialty Lending Company 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.