Dynamic Technology Lab Private Ltd Purchases Shares of 48,094 Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 48,094 shares of the financial services provider’s stock, valued at approximately $987,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Sixth Street Specialty Lending as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. nVerses Capital LLC acquired a new position in Sixth Street Specialty Lending in the second quarter valued at approximately $70,000. Ridgewood Investments LLC acquired a new stake in Sixth Street Specialty Lending during the 2nd quarter worth $77,000. Future Financial Wealth Managment LLC purchased a new stake in Sixth Street Specialty Lending in the third quarter valued at $86,000. Atlas Capital Advisors LLC acquired a new position in Sixth Street Specialty Lending in the second quarter valued at $109,000. Finally, EMC Capital Management grew its holdings in shares of Sixth Street Specialty Lending by 23.1% during the first quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Trading Up 1.2 %

Shares of TSLX stock opened at $21.19 on Thursday. The company has a market capitalization of $1.98 billion, a P/E ratio of 10.29 and a beta of 1.06. 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 business’s 50 day moving average is $20.51 and its two-hundred day moving average is $20.99. Sixth Street Specialty Lending, Inc. has a twelve month low of $19.50 and a twelve month high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $119.22 million for the quarter, compared to analyst estimates 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 last year, the firm posted $0.60 EPS. Equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a dividend yield of 7.69%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 89.32%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a report on Thursday, November 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their price target on shares of 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target 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.