Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stake Lessened by Dearborn Partners LLC

Dearborn Partners LLC lessened its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 32.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 58,005 shares of the financial services provider’s stock after selling 27,657 shares during the quarter. Dearborn Partners LLC’s holdings in Sixth Street Specialty Lending were worth $1,191,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EntryPoint Capital LLC bought a new position in Sixth Street Specialty Lending during the first quarter valued at about $35,000. nVerses Capital LLC bought a new position in shares of Sixth Street Specialty Lending in the 2nd quarter valued at approximately $70,000. Ridgewood Investments LLC acquired a new stake in Sixth Street Specialty Lending in the 2nd quarter worth approximately $77,000. Future Financial Wealth Managment LLC bought a new stake in Sixth Street Specialty Lending during the third quarter worth approximately $86,000. Finally, Atlas Capital Advisors LLC acquired a new position in Sixth Street Specialty Lending during the second quarter valued at approximately $109,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

TSLX stock opened at $20.26 on Friday. Sixth Street Specialty Lending, Inc. has a 1-year low of $19.50 and a 1-year high of $22.35. The business’s 50-day moving average price is $20.59 and its two-hundred day moving average price is $21.04. The firm has a market cap of $1.89 billion, a PE ratio of 9.83 and a beta of 1.06. 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 (NYSE:TSLX) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, hitting 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 net margin of 39.05% and a return on equity of 13.55%. During the same period last year, the company posted $0.60 EPS. As a group, research analysts forecast 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 declared a — dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 9.1%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 89.32%.

Wall Street Analysts Forecast Growth

TSLX has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods cut their price objective on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a report on Thursday, November 7th. 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 research note on Wednesday, November 6th. Finally, 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 note on Tuesday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $22.00.

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.