Benjamin F. Edwards & Company Inc. Purchases 5,024 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Benjamin F. Edwards & Company Inc. lifted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,853 shares of the financial services provider’s stock after acquiring an additional 5,024 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Sixth Street Specialty Lending were worth $6,616,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Precision Wealth Strategies LLC bought a new position in Sixth Street Specialty Lending in the fourth quarter worth approximately $205,000. UBS Group AG raised its position in shares of 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 acquiring an additional 19,486 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Sixth Street Specialty Lending by 15.6% during the 4th quarter. D.A. Davidson & CO. now owns 113,665 shares of the financial services provider’s stock worth $2,455,000 after purchasing an additional 15,313 shares during the last quarter. Eagle Global Advisors LLC boosted its position 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 purchasing an additional 3,310 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in Sixth Street Specialty Lending during the fourth quarter valued at about $65,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock opened at $20.48 on Friday. The business has a fifty day moving average of $20.96 and a 200 day moving average of $21.18. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.02 and a 1 year high of $22.35. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 8.26 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its 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. Sixth Street Specialty Lending had a return on equity of 13.76% and a net margin of 44.55%. The firm had revenue of $121.82 million for the quarter, compared to analyst estimates of $120.33 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. As a group, research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Judy S. Slotkin acquired 7,015 shares of Sixth Street Specialty Lending 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 purchase, the director now owns 18,726 shares of the company’s stock, valued at approximately $372,647.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.