Round Rock Advisors LLC Invests $1.79 Million in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Round Rock Advisors LLC acquired a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 84,014 shares of the financial services provider's stock, valued at approximately $1,789,000. Round Rock Advisors LLC owned 0.09% of Sixth Street Specialty Lending as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of TSLX. Millennium Management LLC grew its stake in shares of Sixth Street Specialty Lending by 482.6% during the 2nd quarter. Millennium Management LLC now owns 287,311 shares of the financial services provider's stock worth $6,134,000 after purchasing an additional 237,995 shares during the period. Cetera Investment Advisers grew its stake in shares of Sixth Street Specialty Lending by 9.9% during the 2nd quarter. Cetera Investment Advisers now owns 368,742 shares of the financial services provider's stock worth $7,873,000 after purchasing an additional 33,228 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Sixth Street Specialty Lending during the 2nd quarter worth $493,000. Future Financial Wealth Managment LLC acquired a new position in shares of Sixth Street Specialty Lending during the 3rd quarter worth $86,000. Finally, Sound Income Strategies LLC grew its stake in shares of 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. 70.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lowered 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. Wells Fargo & Company upped their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued 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. Finally, 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 objective on the stock in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $22.33.

Sixth Street Specialty Lending Price Performance

NYSE TSLX traded down $0.19 during trading hours on Wednesday, reaching $22.24. The company's stock had a trading volume of 225,141 shares, compared to its average volume of 269,993. The stock has a market cap of $2.07 billion, a PE ratio of 10.79 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $19.50 and a fifty-two week high of $22.47. The company's 50-day moving average is $21.43 and its two-hundred day moving average is $20.95. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.57. The company had revenue of $119.22 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.60 EPS. Analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were issued a $0.05 dividend. The ex-dividend date was Friday, November 29th. This represents a yield of 7.59%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is 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.