Dynamic Technology Lab Private Ltd Acquires Shares of 48,094 Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 48,094 shares of the financial services provider's stock, valued at approximately $987,000. Dynamic Technology Lab Private Ltd owned about 0.05% of Sixth Street Specialty Lending at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV raised its stake in Sixth Street Specialty Lending by 1.7% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 36,903 shares of the financial services provider's stock valued at $788,000 after buying an additional 627 shares during the last quarter. Worth Asset Management LLC raised its stake in Sixth Street Specialty Lending by 7.9% during the 2nd quarter. Worth Asset Management LLC now owns 14,156 shares of the financial services provider's stock valued at $302,000 after buying an additional 1,037 shares during the last quarter. IFG Advisory LLC increased its stake in shares of Sixth Street Specialty Lending by 6.3% in the 2nd quarter. IFG Advisory LLC now owns 17,512 shares of the financial services provider's stock worth $374,000 after purchasing an additional 1,039 shares in the last quarter. EMC Capital Management increased its stake in shares of Sixth Street Specialty Lending by 23.1% in the 1st quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock worth $145,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Barnett & Company Inc. increased its stake in shares of Sixth Street Specialty Lending by 4.7% in the 3rd quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider's stock worth $596,000 after purchasing an additional 1,300 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TSLX has been the subject of several analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company reduced their price objective on Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price objective for the company in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods reduced their price objective on 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. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $22.00.

Sixth Street Specialty Lending Price Performance

Sixth Street Specialty Lending stock traded up $0.25 during mid-day trading on Thursday, hitting $21.19. The stock had a trading volume of 263,393 shares, compared to its average volume of 347,850. The firm has a market capitalization of $1.98 billion, a P/E 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. The firm's 50 day moving average is $20.51 and its 200 day moving average is $20.99. Sixth Street Specialty Lending, Inc. has a one year low of $19.50 and a one year high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $119.22 million during the quarter, compared to the consensus estimate of $119.85 million. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.32 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed 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. This represents a dividend yield of 7.69%. The ex-dividend date of this dividend is Friday, November 29th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 89.32%.

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.