MQS Management LLC Purchases Shares of 36,472 Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

MQS Management LLC purchased a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 36,472 shares of the financial services provider's stock, valued at approximately $749,000.

Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in shares of Sixth Street Specialty Lending by 6.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider's stock worth $47,117,000 after buying an additional 141,463 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Sixth Street Specialty Lending by 2.5% during the 3rd quarter. Sound Income Strategies LLC now owns 2,183,060 shares of the financial services provider's stock worth $44,818,000 after purchasing an additional 53,961 shares during the period. Burgundy Asset Management Ltd. boosted its stake in Sixth Street Specialty Lending by 1.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,105,853 shares of the financial services provider's stock worth $44,960,000 after purchasing an additional 29,034 shares during the period. Progeny 3 Inc. boosted its stake in Sixth Street Specialty Lending by 2.6% during the 2nd quarter. Progeny 3 Inc. now owns 2,036,778 shares of the financial services provider's stock worth $43,485,000 after purchasing an additional 50,908 shares during the period. Finally, 1832 Asset Management L.P. raised its position in Sixth Street Specialty Lending by 6.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,279,000 shares of the financial services provider's stock worth $27,307,000 after buying an additional 79,000 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TSLX shares. Wells Fargo & Company cut their price target on shares of 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 price target on the stock in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods decreased their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Sixth Street Specialty Lending currently has an average rating of "Buy" and an average price target of $22.00.

Sixth Street Specialty Lending Trading Up 0.1 %

NYSE TSLX traded up $0.02 during mid-day trading on Wednesday, hitting $20.40. The company's stock had a trading volume of 285,342 shares, compared to its average volume of 351,793. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.50 and a 52-week high of $22.35. The stock's fifty day simple moving average is $20.60 and its two-hundred day simple moving average is $21.04. 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 market capitalization of $1.90 billion, a P/E ratio of 9.90 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The business had revenue of $119.22 million during the quarter, compared to analyst estimates of $119.85 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th 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 9.1%. 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.