HB Wealth Management LLC Cuts Stock Holdings in Sixth Street Specialty Lending, Inc. $TSLX

HB Wealth Management LLC trimmed its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,206 shares of the financial services provider’s stock after selling 3,396 shares during the quarter. HB Wealth Management LLC owned 0.08% of Sixth Street Specialty Lending worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC boosted its holdings in Sixth Street Specialty Lending by 1.2% during the 1st quarter. Cornerstone Wealth Management LLC now owns 46,732 shares of the financial services provider’s stock worth $1,046,000 after acquiring an additional 548 shares during the last quarter. Mallini Complete Financial Planning LLC boosted its holdings in Sixth Street Specialty Lending by 4.5% during the 1st quarter. Mallini Complete Financial Planning LLC now owns 13,028 shares of the financial services provider’s stock worth $292,000 after acquiring an additional 558 shares during the last quarter. Mirador Capital Partners LP boosted its holdings in Sixth Street Specialty Lending by 4.4% during the 2nd quarter. Mirador Capital Partners LP now owns 21,920 shares of the financial services provider’s stock worth $522,000 after acquiring an additional 919 shares during the last quarter. Barnett & Company Inc. boosted its holdings in shares of Sixth Street Specialty Lending by 3.4% in the 1st quarter. Barnett & Company Inc. now owns 30,050 shares of the financial services provider’s stock worth $673,000 after buying an additional 1,000 shares during the last quarter. Finally, Riverbridge Partners LLC boosted its holdings in shares of Sixth Street Specialty Lending by 3.4% in the 2nd quarter. Riverbridge Partners LLC now owns 48,835 shares of the financial services provider’s stock worth $1,163,000 after buying an additional 1,592 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Sixth Street Specialty Lending from $21.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. JMP Securities boosted their price target on shares of Sixth Street Specialty Lending from $24.00 to $25.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $24.00 price target on shares of Sixth Street Specialty Lending in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.56.

Sixth Street Specialty Lending Price Performance

NYSE TSLX opened at $22.53 on Friday. The company has a market cap of $2.12 billion, a PE ratio of 11.21 and a beta of 0.85. Sixth Street Specialty Lending, Inc. has a 52 week low of $18.58 and a 52 week high of $25.17. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.07. The firm’s 50-day simple moving average is $23.88 and its two-hundred day simple moving average is $22.92.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $115.00 million for the quarter, compared to the consensus estimate of $110.42 million. Sixth Street Specialty Lending had a net margin of 39.56% and a return on equity of 13.47%. During the same period in the prior year, the firm earned $0.58 earnings per share. Research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.20 annualized dividend and a yield of 0.9%. Sixth Street Specialty Lending’s dividend payout ratio is 91.54%.

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.