Captrust Financial Advisors Has $1.78 Million Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Captrust Financial Advisors cut its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 6.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,826 shares of the financial services provider’s stock after selling 6,466 shares during the period. Captrust Financial Advisors’ holdings in Sixth Street Specialty Lending were worth $1,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLX. nVerses Capital LLC acquired a new stake in shares of Sixth Street Specialty Lending in the second quarter valued at approximately $70,000. Ridgewood Investments LLC bought a new position in shares of Sixth Street Specialty Lending in the second quarter valued at $77,000. Future Financial Wealth Managment LLC bought a new stake in Sixth Street Specialty Lending during the third quarter worth $86,000. Atlas Capital Advisors LLC acquired a new stake in Sixth Street Specialty Lending in the second quarter valued at $109,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Sixth Street Specialty Lending in the 3rd quarter valued at about $196,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

NYSE:TSLX opened at $21.60 on Friday. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $22.35. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 10.49 and a beta of 1.06. The firm’s 50-day simple moving average is $20.64 and its 200 day simple moving average is $20.99. 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) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The business had revenue of $119.22 million for the quarter, compared to analyst estimates of $119.85 million. During the same period last year, the firm earned $0.60 earnings per share. As a group, sell-side analysts predict that Sixth Street Specialty Lending, Inc. will post 2.32 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TSLX shares. Wells Fargo & Company dropped their target price on shares of 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 reissued an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods dropped 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 report on Thursday, November 7th. 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 report on Wednesday, November 6th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target 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.