Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 514,649 shares of the financial services provider's stock after selling 54,247 shares during the period. Cerity Partners LLC owned approximately 0.55% of Sixth Street Specialty Lending worth $10,566,000 at the end of the most recent quarter.

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

Sixth Street Specialty Lending Trading Up 1.2 %

Sixth Street Specialty Lending stock traded up $0.25 during trading on Wednesday, hitting $21.19. The company had a trading volume of 263,387 shares, compared to its average volume of 347,850. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 10.29 and a beta of 1.06. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending, Inc. has a 1-year low of $19.50 and a 1-year high of $22.35. The company's 50 day simple moving average is $20.51 and its 200-day simple moving average is $20.99.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, meeting analysts' consensus estimates of $0.57. The company had revenue of $119.22 million during the quarter, compared to analysts' expectations of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same period last year, the business posted $0.60 EPS. As a group, 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. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, November 29th. This represents a yield of 7.69%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is 89.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 target price on the stock in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods cut their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their price objective on Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $22.00.

Sixth Street Specialty Lending 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.