Y Intercept Hong Kong Ltd Takes $708,000 Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Y Intercept Hong Kong Ltd acquired a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,502 shares of the financial services provider's stock, valued at approximately $708,000.

A number of other large investors also recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its stake in shares of Sixth Street Specialty Lending by 29.1% in the 3rd quarter. Jane Street Group LLC now owns 49,373 shares of the financial services provider's stock valued at $1,014,000 after purchasing an additional 11,117 shares during the period. Two Sigma Advisers LP increased its holdings in Sixth Street Specialty Lending by 1.1% in the third quarter. Two Sigma Advisers LP now owns 867,286 shares of the financial services provider's stock valued at $17,805,000 after purchasing an additional 9,700 shares during the last quarter. Stifel Financial Corp increased its holdings in Sixth Street Specialty Lending by 5.3% in the third quarter. Stifel Financial Corp now owns 550,995 shares of the financial services provider's stock valued at $11,312,000 after purchasing an additional 27,960 shares during the last quarter. Quarry LP lifted its stake in Sixth Street Specialty Lending by 378.3% in the third quarter. Quarry LP now owns 4,094 shares of the financial services provider's stock valued at $84,000 after buying an additional 3,238 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in Sixth Street Specialty Lending by 3.0% during the third quarter. IHT Wealth Management LLC now owns 90,435 shares of the financial services provider's stock worth $1,857,000 after buying an additional 2,596 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods lowered 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 note on Thursday, November 7th. LADENBURG THALM/SH SH raised shares of Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 target price for the company in a research note on Wednesday, November 6th. 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 Tuesday, November 12th. Finally, Wells Fargo & Company decreased their price target on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $22.00.

Sixth Street Specialty Lending Stock Up 0.0 %

TSLX traded up $0.01 during trading on Friday, reaching $21.37. The company had a trading volume of 303,173 shares, compared to its average volume of 345,654. The company has a market cap of $1.99 billion, a P/E ratio of 10.37 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 company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. The business's fifty day moving average price is $20.74 and its 200 day moving average price is $20.99.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released 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 firm had revenue of $119.22 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.60 EPS. Equities analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

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

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.