Quantbot Technologies LP Purchases 21,413 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Quantbot Technologies LP increased its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 399.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,774 shares of the financial services provider’s stock after buying an additional 21,413 shares during the quarter. Quantbot Technologies LP’s holdings in Sixth Street Specialty Lending were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLX. nVerses Capital LLC purchased a new position in shares of Sixth Street Specialty Lending in the second quarter valued at about $70,000. Ridgewood Investments LLC purchased a new position in Sixth Street Specialty Lending during the 2nd quarter valued at about $77,000. Future Financial Wealth Managment LLC bought a new position in Sixth Street Specialty Lending during the 3rd quarter valued at approximately $86,000. Atlas Capital Advisors LLC purchased a new stake in Sixth Street Specialty Lending in the 2nd quarter worth approximately $109,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Sixth Street Specialty Lending in the 3rd quarter worth approximately $196,000. 70.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Sixth Street Specialty Lending Trading Down 0.2 %

Shares of NYSE TSLX opened at $21.43 on Tuesday. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.50 and a 1 year high of $22.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. The firm has a 50-day moving average of $20.56 and a 200 day moving average of $20.98. The stock has a market cap of $2.00 billion, a P/E ratio of 10.40 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The firm had revenue of $119.22 million during the quarter, compared to analyst estimates of $119.85 million. During the same period last year, the business earned $0.60 earnings per share. As a group, sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a dividend yield of 7.59%. Sixth Street Specialty Lending’s payout ratio is presently 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.