RMR Capital Management LLC Has $5.20 Million Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

RMR Capital Management LLC lifted its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 55.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,172 shares of the financial services provider's stock after acquiring an additional 87,394 shares during the quarter. Sixth Street Specialty Lending makes up approximately 3.8% of RMR Capital Management LLC's holdings, making the stock its 3rd largest holding. RMR Capital Management LLC owned about 0.26% of Sixth Street Specialty Lending worth $5,201,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Sound Income Strategies LLC grew its stake in shares of Sixth Street Specialty Lending by 5.6% during the fourth quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider's stock valued at $49,104,000 after purchasing an additional 122,312 shares during the last quarter. Van ECK Associates Corp lifted its holdings in 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 in the last quarter. Progeny 3 Inc. boosted its position in Sixth Street Specialty Lending by 10.6% in the 3rd quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider's stock valued at $46,249,000 after buying an additional 215,996 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Sixth Street Specialty Lending by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock valued at $24,131,000 after buying an additional 162,810 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Sixth Street Specialty Lending by 1.1% during the third quarter. Two Sigma Advisers LP now owns 867,286 shares of the financial services provider's stock worth $17,805,000 after acquiring an additional 9,700 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Sixth Street Specialty Lending Trading Up 0.1 %

Shares of TSLX stock traded up $0.02 on Monday, reaching $22.40. The company had a trading volume of 193,317 shares, compared to its average volume of 272,420. The stock has a market cap of $2.09 billion, a PE ratio of 10.87 and a beta of 1.06. The company has a 50-day moving average of $21.37 and a 200-day moving average of $20.93. The company has a current ratio of 2.50, a quick 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 $22.42.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $119.22 million during the quarter, compared to the consensus estimate 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 firm earned $0.60 earnings per share. On average, equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TSLX. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price target on the stock in a report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company boosted 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. Finally, Keefe, Bruyette & Woods reduced their price objective 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Sixth Street Specialty Lending currently has an average rating of "Buy" and a consensus price target of $22.33.

About Sixth Street Specialty Lending

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.