D.A. Davidson & CO. Buys 5,286 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Posted by on Apr 28th, 2023

D.A. Davidson & CO. lifted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX – Get Rating) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,997 shares of the financial services provider’s stock after acquiring an additional 5,286 shares during the quarter. D.A. Davidson & CO. owned approximately 0.07% of Sixth Street Specialty Lending worth $1,015,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mach 1 Financial Group LLC purchased a new stake in shares of Sixth Street Specialty Lending in the 4th quarter worth $517,000. Janney Montgomery Scott LLC lifted its stake in Sixth Street Specialty Lending by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 215,202 shares of the financial services provider’s stock worth $3,831,000 after acquiring an additional 3,638 shares during the period. Kestra Advisory Services LLC lifted its stake in Sixth Street Specialty Lending by 30.9% in the fourth quarter. Kestra Advisory Services LLC now owns 13,692 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 3,231 shares during the period. AE Wealth Management LLC grew its holdings in Sixth Street Specialty Lending by 80.3% during the 4th quarter. AE Wealth Management LLC now owns 50,589 shares of the financial services provider’s stock worth $900,000 after acquiring an additional 22,532 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Sixth Street Specialty Lending during the 4th quarter valued at about $95,000. Institutional investors own 44.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. StockNews.com initiated coverage on shares of Sixth Street Specialty Lending in a research note on Thursday, March 16th. They issued a “hold” rating for the company. JMP Securities restated a “market outperform” rating and set a $22.00 price objective on shares of Sixth Street Specialty Lending in a research note on Monday, March 13th. Finally, Keefe, Bruyette & Woods lifted their target price on Sixth Street Specialty Lending from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.00.

Insider Transactions at Sixth Street Specialty Lending

In related news, Director Hurley Doddy acquired 2,900 shares of the stock in a transaction on Monday, March 13th. The shares were bought at an average price of $17.51 per share, with a total value of $50,779.00. Following the completion of the purchase, the director now owns 15,241 shares of the company’s stock, valued at approximately $266,869.91. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Michael Graf bought 2,000 shares of the stock in a transaction on Thursday, March 9th. The stock was bought at an average price of $18.55 per share, with a total value of $37,100.00. Following the completion of the purchase, the insider now directly owns 2,000 shares in the company, valued at approximately $37,100. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hurley Doddy acquired 2,900 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was bought at an average price of $17.51 per share, for a total transaction of $50,779.00. Following the completion of the acquisition, the director now owns 15,241 shares in the company, valued at approximately $266,869.91. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Sixth Street Specialty Lending Stock Up 1.2 %

Sixth Street Specialty Lending stock opened at $18.19 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $1.49 billion, a PE ratio of 13.38 and a beta of 1.07. The business has a 50 day simple moving average of $18.16 and a 200-day simple moving average of $18.25. Sixth Street Specialty Lending, Inc. has a 12 month low of $16.02 and a 12 month high of $22.75.

Sixth Street Specialty Lending (NYSE:TSLX – Get Rating) last posted its quarterly earnings data on Friday, February 17th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. Sixth Street Specialty Lending had a return on equity of 12.91% and a net margin of 34.95%. The company had revenue of $309.31 million for the quarter, compared to analysts’ expectations of $94.08 million. During the same period in the previous year, the firm posted $0.63 EPS. Sixth Street Specialty Lending’s revenue was up 11.0% compared to the same quarter last year. On average, analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.23 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently announced a Variable dividend, which was paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th were paid a $0.09 dividend. This represents a yield of 9.4%. This is a positive change from Sixth Street Specialty Lending’s previous Variable dividend of $0.04. The ex-dividend date of this dividend was Tuesday, March 14th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 135.29%.

Sixth Street Specialty Lending Company Profile

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Sixth Street Specialty Lending, Inc engages in the provision of financing solutions. It invests in first-lien debt, second-lien debt, mezzanine and unsecured debt or equity or other securities issued by middle-market companies. The company is founded in 2010 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for Sixth Street Specialty Lending (NYSE:TSLX)

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