Muzinich & Co. Inc. Has $7.52 Million Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Muzinich & Co. Inc. increased its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 12.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 366,410 shares of the financial services provider's stock after purchasing an additional 40,330 shares during the period. Sixth Street Specialty Lending accounts for about 5.3% of Muzinich & Co. Inc.'s portfolio, making the stock its 8th largest position. Muzinich & Co. Inc. owned about 0.39% of Sixth Street Specialty Lending worth $7,522,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV raised its holdings in Sixth Street Specialty Lending by 1.7% in the second quarter. Nations Financial Group Inc. IA ADV now owns 36,903 shares of the financial services provider's stock valued at $788,000 after acquiring an additional 627 shares in the last quarter. Worth Asset Management LLC lifted its holdings in shares of Sixth Street Specialty Lending by 7.9% in the 2nd quarter. Worth Asset Management LLC now owns 14,156 shares of the financial services provider's stock worth $302,000 after purchasing an additional 1,037 shares during the last quarter. IFG Advisory LLC increased its position in shares of Sixth Street Specialty Lending by 6.3% during the 2nd quarter. IFG Advisory LLC now owns 17,512 shares of the financial services provider's stock valued at $374,000 after purchasing an additional 1,039 shares during the period. EMC Capital Management grew its holdings 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 acquiring an additional 1,265 shares during the last quarter. Finally, Barnett & Company Inc. increased its holdings in Sixth Street Specialty Lending by 4.7% in the third quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider's stock worth $596,000 after buying an additional 1,300 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX traded up $0.10 during trading on Friday, reaching $20.36. The company's stock had a trading volume of 255,675 shares, compared to its average volume of 382,217. Sixth Street Specialty Lending, Inc. has a twelve month low of $19.50 and a twelve month high of $22.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. The business's fifty day moving average price is $20.55 and its 200-day moving average price is $21.02. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 9.88 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. The company had revenue of $119.22 million during 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 quarter in the prior year, the business earned $0.60 earnings per share. As a group, analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.05 dividend. The ex-dividend date is Monday, December 16th. This represents a dividend yield of 9.1%. Sixth Street Specialty Lending's dividend payout ratio is 89.32%.

Analyst Ratings Changes

A number of research analysts have issued reports on TSLX shares. LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price objective for the company in a report on Wednesday, November 6th. Wells Fargo & Company reduced their target price 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. Royal Bank of Canada restated 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. Finally, Keefe, Bruyette & Woods reduced their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of "Buy" and a consensus price target 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.