Rockefeller Capital Management L.P. Purchases 43,996 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Rockefeller Capital Management L.P. raised its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 29.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 192,446 shares of the financial services provider's stock after buying an additional 43,996 shares during the period. Rockefeller Capital Management L.P. owned about 0.21% of Sixth Street Specialty Lending worth $3,951,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Comerica Bank boosted its stake in shares of Sixth Street Specialty Lending by 9.1% during the 1st quarter. Comerica Bank now owns 18,142 shares of the financial services provider's stock worth $389,000 after acquiring an additional 1,510 shares in the last quarter. Sound Income Strategies LLC increased its stake in Sixth Street Specialty Lending by 2.8% in the 2nd quarter. Sound Income Strategies LLC now owns 2,129,099 shares of the financial services provider's stock worth $45,456,000 after purchasing an additional 58,840 shares in the last quarter. Ignite Planners LLC raised its holdings in Sixth Street Specialty Lending by 8.4% during the 2nd quarter. Ignite Planners LLC now owns 48,598 shares of the financial services provider's stock worth $1,056,000 after buying an additional 3,778 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Sixth Street Specialty Lending by 1.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 315,104 shares of the financial services provider's stock worth $6,727,000 after buying an additional 4,782 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Sixth Street Specialty Lending by 10.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 173,830 shares of the financial services provider's stock valued at $3,711,000 after buying an additional 16,770 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Up 0.5 %

Shares of Sixth Street Specialty Lending stock traded up $0.10 on Friday, hitting $21.60. 218,101 shares of the company traded hands, compared to its average volume of 347,490. The company has a 50-day moving average price of $20.64 and a 200 day moving average price of $20.99. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending, Inc. has a 12-month low of $19.50 and a 12-month high of $22.35. The company has a market cap of $2.02 billion, a PE ratio of 10.49 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The business had revenue of $119.22 million during the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.60 EPS. Sell-side analysts predict that Sixth Street Specialty Lending, Inc. will post 2.32 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.05 per share. This represents a yield of 7.59%. The ex-dividend date is Friday, November 29th. Sixth Street Specialty Lending's payout ratio is 89.32%.

Analyst Ratings Changes

TSLX has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $23.00 price objective on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 target price for the company in a report on Wednesday, November 6th. Finally, Wells Fargo & Company lowered their price target 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 data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $22.00.

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.