Union Bancaire Privee UBP SA Invests $392,000 in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Union Bancaire Privee UBP SA purchased a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,384 shares of the financial services provider’s stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TSLX. Trust Co. of Vermont acquired a new position in Sixth Street Specialty Lending during the fourth quarter worth about $39,000. First Horizon Advisors Inc. grew its position in Sixth Street Specialty Lending by 25.3% during the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after buying an additional 465 shares during the period. Quarry LP grew its position in Sixth Street Specialty Lending by 378.3% during the third quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after buying an additional 3,238 shares during the period. EMC Capital Management grew its position in Sixth Street Specialty Lending by 92.5% during the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock worth $144,000 after buying an additional 3,242 shares during the period. Finally, Robertson Stephens Wealth Management LLC acquired a new position in Sixth Street Specialty Lending during the fourth quarter worth about $207,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price target on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Wells Fargo & Company upped their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.79.

Sixth Street Specialty Lending Stock Down 0.0 %

Shares of NYSE TSLX opened at $23.47 on Tuesday. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.50 and a 1 year high of $23.66. The firm’s 50 day moving average price is $21.80 and its 200 day moving average price is $21.14. The firm has a market cap of $2.20 billion, a P/E ratio of 11.56 and a beta of 1.06. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The firm had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. As a group, sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 7.06%. This is a positive change from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 90.64%.

Sixth Street Specialty Lending 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.