Sixth Street Specialty Lending, Inc. (NYSE:TSLX) is Muzinich & Co. Inc.’s 8th Largest Position

Muzinich & Co. Inc. boosted its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 12.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 366,410 shares of the financial services provider’s stock after purchasing an additional 40,330 shares during the quarter. Sixth Street Specialty Lending comprises about 5.3% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 8th largest position. Muzinich & Co. Inc. owned about 0.39% of Sixth Street Specialty Lending worth $7,522,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TSLX. SG Americas Securities LLC purchased a new stake in shares of Sixth Street Specialty Lending during the 1st quarter valued at about $552,000. ProShare Advisors LLC increased its stake in Sixth Street Specialty Lending by 15.8% during the first quarter. ProShare Advisors LLC now owns 13,088 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 1,784 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc raised its position in Sixth Street Specialty Lending by 13.6% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 123,799 shares of the financial services provider’s stock valued at $2,653,000 after purchasing an additional 14,791 shares during the period. Burgundy Asset Management Ltd. lifted its stake in shares of Sixth Street Specialty Lending by 0.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 2,076,819 shares of the financial services provider’s stock valued at $44,506,000 after purchasing an additional 18,859 shares during the last quarter. Finally, MQS Management LLC purchased a new position in shares of Sixth Street Specialty Lending in the 1st quarter worth approximately $569,000. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Up 0.5 %

Shares of TSLX opened at $20.36 on Friday. The firm has a fifty day moving average price of $20.55 and a 200-day moving average price of $21.02. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $1.90 billion, a P/E ratio of 9.88 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.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data 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 company had revenue of $119.22 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $0.60 EPS. Equities research analysts expect 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 disclosed a — dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, December 16th. This represents a yield of 9.1%. Sixth Street Specialty Lending’s payout ratio is currently 89.32%.

Wall Street Analysts Forecast Growth

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

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.