Union Bancaire Privee UBP SA Purchases Shares of 18,384 Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Union Bancaire Privee UBP SA acquired a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 18,384 shares of the financial services provider’s stock, valued at approximately $392,000.

Several other hedge funds have also modified their holdings of TSLX. Trust Co. of Vermont purchased a new stake in Sixth Street Specialty Lending during the 4th quarter worth about $39,000. Quarry LP increased its stake in shares of 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. Future Financial Wealth Managment LLC acquired a new stake in Sixth Street Specialty Lending in the third quarter valued at approximately $86,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sixth Street Specialty Lending in the third quarter valued at approximately $196,000. Finally, ProShare Advisors LLC lifted its stake in Sixth Street Specialty Lending by 14.5% in the second quarter. ProShare Advisors LLC now owns 14,986 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 1,898 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Stock Performance

NYSE TSLX opened at $22.11 on Wednesday. The company has a fifty day moving average of $21.27 and a two-hundred day moving average of $20.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.50 and a 1 year high of $22.35. The company has a market capitalization of $2.06 billion, a PE ratio of 10.73 and a beta of 1.05.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The firm had revenue of $119.22 million for the quarter, compared to the consensus estimate of $119.85 million. During the same quarter last year, the business posted $0.60 EPS. As a group, analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were paid a dividend of $0.05 per share. This represents a yield of 7.59%. The ex-dividend date was Friday, November 29th. Sixth Street Specialty Lending’s dividend payout ratio is currently 89.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TSLX shares. Keefe, Bruyette & Woods reduced 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 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 price target on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company lowered their price objective on Sixth Street Specialty Lending from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Sixth Street Specialty Lending 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.