Hennion & Walsh Asset Management Inc. Sells 17,743 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Hennion & Walsh Asset Management Inc. lowered its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 137,245 shares of the financial services provider’s stock after selling 17,743 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.15% of Sixth Street Specialty Lending worth $2,923,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TSLX. Quarry LP raised its holdings in shares of Sixth Street Specialty Lending by 378.3% in the third quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock valued at $84,000 after buying an additional 3,238 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Sixth Street Specialty Lending in the third quarter worth about $86,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Sixth Street Specialty Lending in the third quarter worth about $196,000. ProShare Advisors LLC lifted its position in shares of Sixth Street Specialty Lending by 14.5% during the second quarter. ProShare Advisors LLC now owns 14,986 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 1,898 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Sixth Street Specialty Lending by 10.6% during the second quarter. Bank of New York Mellon Corp now owns 17,376 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 1,660 shares during the last quarter. Institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TSLX shares. Wells Fargo & Company dropped their price objective 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. Keefe, Bruyette & Woods lowered their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Finally, 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 report on Wednesday, November 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $22.00.

Sixth Street Specialty Lending Price Performance

TSLX opened at $21.64 on Friday. The company has a fifty day moving average price of $21.03 and a two-hundred day moving average price of $20.92. The firm has a market capitalization of $2.02 billion, a PE ratio of 10.50 and a beta of 1.05. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $22.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50.

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

Sixth Street Specialty Lending Cuts Dividend

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

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.