Van ECK Associates Corp Buys 141,463 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Van ECK Associates Corp raised its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,289,435 shares of the financial services provider's stock after purchasing an additional 141,463 shares during the period. Van ECK Associates Corp owned about 2.47% of Sixth Street Specialty Lending worth $47,117,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TSLX. LSV Asset Management lifted its holdings in shares of Sixth Street Specialty Lending by 7.3% during the first quarter. LSV Asset Management now owns 1,215,312 shares of the financial services provider's stock valued at $26,044,000 after purchasing an additional 82,398 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Sixth Street Specialty Lending in the 1st quarter worth $552,000. Allen Investment Management LLC increased its position in shares of Sixth Street Specialty Lending by 18.3% during the first quarter. Allen Investment Management LLC now owns 616,979 shares of the financial services provider's stock valued at $13,222,000 after purchasing an additional 95,410 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Sixth Street Specialty Lending by 5.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 572,480 shares of the financial services provider's stock valued at $12,222,000 after purchasing an additional 29,365 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings 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 valued at $27,307,000 after purchasing an additional 79,000 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

NYSE:TSLX traded down $0.21 during mid-day trading on Monday, hitting $20.05. 487,746 shares of the stock traded hands, compared to its average volume of 345,360. The company has a market cap of $1.87 billion, a PE ratio of 8.60 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 12-month low of $19.50 and a 12-month high of $22.35. The business's 50-day moving average price is $20.74 and its 200 day moving average price is $21.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.07.

Analyst Upgrades and Downgrades

TSLX has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 29th. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of "Moderate Buy" and an average price target of $22.42.

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.