Ignite Planners LLC Has $944,000 Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Ignite Planners LLC raised its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 13.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 44,362 shares of the financial services provider’s stock after buying an additional 5,115 shares during the period. Ignite Planners LLC’s holdings in Sixth Street Specialty Lending were worth $944,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP lifted 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 valued at $84,000 after acquiring an additional 3,238 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Sixth Street Specialty Lending during the 3rd quarter valued at about $86,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Sixth Street Specialty Lending in the 3rd quarter valued at about $196,000. ProShare Advisors LLC boosted its stake in shares of Sixth Street Specialty Lending by 14.5% in the 2nd quarter. ProShare Advisors LLC now owns 14,986 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 1,898 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC acquired a new stake in shares of Sixth Street Specialty Lending during the 2nd quarter worth approximately $329,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports 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 research note on Thursday, November 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company cut their target price on 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $22.00.

Sixth Street Specialty Lending Price Performance

TSLX opened at $21.11 on Tuesday. The company has a fifty day simple moving average of $20.95 and a 200 day simple moving average of $20.91. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.97 billion, a P/E ratio of 10.25 and a beta of 1.05. 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 for the quarter, meeting the consensus estimate of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The business had revenue of $119.22 million for the quarter, compared to analysts’ expectations of $119.85 million. During the same quarter in the previous year, the business posted $0.60 EPS. On average, research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

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

Sixth Street Specialty Lending 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.