Romano Brothers AND Company Increases Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Romano Brothers AND Company lifted its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 50.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,700 shares of the financial services provider’s stock after buying an additional 9,000 shares during the period. Romano Brothers AND Company’s holdings in Sixth Street Specialty Lending were worth $548,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in Sixth Street Specialty Lending during the first quarter worth about $35,000. nVerses Capital LLC acquired a new stake in shares of Sixth Street Specialty Lending in the 2nd quarter worth approximately $70,000. Ridgewood Investments LLC purchased a new position in Sixth Street Specialty Lending in the 2nd quarter valued at approximately $77,000. Future Financial Wealth Managment LLC purchased a new position in Sixth Street Specialty Lending in the 3rd quarter valued at approximately $86,000. Finally, Atlas Capital Advisors LLC acquired a new position in Sixth Street Specialty Lending during the second quarter worth $109,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

Shares of NYSE:TSLX opened at $20.75 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.90 and a current ratio of 1.90. The business’s fifty day moving average price is $20.79 and its two-hundred day moving average price is $21.10. The stock has a market cap of $1.92 billion, a PE ratio of 8.37 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a one year low of $19.02 and a one year high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data 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 business had revenue of $121.82 million for 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 quarter last year, the company earned $0.58 earnings per share. On average, analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.87%. The ex-dividend date was Monday, September 16th. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.06. Sixth Street Specialty Lending’s payout ratio is currently 74.19%.

Insider Activity at Sixth Street Specialty Lending

In other news, Director Judy S. Slotkin bought 7,015 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased 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 owns 18,726 shares in the company, valued at $372,647.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

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

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.