Truist Financial Corp increases its stake in Sixth Street Specialty Lending, Inc. (NYSE: TSLX)


Truist Financial Corp increased its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE: TSLX – Get Rating) by 13.0% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission (DRY ). The institutional investor held 42,924 shares of the financial services provider after purchasing an additional 4,932 shares during the quarter. Truist Financial Corp’s holdings in Sixth Street Specialty Lending were worth $1,000,000 when it last filed with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also increased or reduced their stake in TSLX. UMB Bank NA MO acquired a new stake in Sixth Street Specialty Lending during Q4, valued at approximately $40,000. Lindbrook Capital LLC increased its position in Sixth Street Specialty Lending stocks by 302.2% during the first quarter. Lindbrook Capital LLC now owns 4,022 shares of the financial services provider valued at $94,000 after acquiring 3,022 additional shares in the last quarter. Total Clarity Wealth Management Inc. increased its position in Sixth Street Specialty Lending stocks by 20.8% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 5,112 shares of the financial services provider valued at $120,000 after acquiring 881 additional shares in the last quarter. C2C Wealth Management LLC purchased a new stock position in Sixth Street Specialty Lending during Q4, valued at approximately $222,000. Finally, Stephens Inc. AR bought a new position in shares of Sixth Street Specialty Lending during Q4, valued at around $278,000. 47.04% of the shares are held by hedge funds and other institutional investors.

Sixth Street specialty lending stock up 0.1%

Shares of TSLX opened at $18.84 on Friday. The company has a market capitalization of $1.44 billion, a PE ratio of 7.48 and a beta of 1.09. The company has a fifty-day moving average of $19.47 and a 200-day moving average of $21.89. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.02 and a 52-week high of $24.74. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt ratio of 0.87.

Sixth Street Specialty Lending (NYSE:TSLX – Get Rating) last reported quarterly results on Tuesday, May 3. The financial services provider reported earnings per share (EPS) of $0.46 for the quarter, missing analyst consensus estimates of $0.50 per ($0.04). The company posted revenue of $67.43 million in the quarter, versus a consensus estimate of $71.21 million. Sixth Street Specialty Lending had a return on equity of 12.41% and a net margin of 70.06%. On average, sell-side analysts expect Sixth Street Specialty Lending, Inc. to post 1.98 EPS for the current year.

Sixth Street Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 15. Investors of record on Wednesday, June 15 received a dividend of $0.41. The ex-dividend date was Tuesday, June 14. This represents a dividend of $1.64 on an annualized basis and a yield of 8.70%. Sixth Street Specialty Lending’s dividend payout ratio is currently 65.08%.

Insiders place their bets

In other Sixth Street Specialty Lending news, Vice President Jennifer Gordon purchased 2,500 shares of Sixth Street Specialty Lending in a trade on Tuesday, May 24. The shares were acquired at an average price of $19.91 per share, for a total transaction of $49,775.00. Following the completion of the purchase, the vice president now directly owns 2,500 shares of the company, valued at approximately $49,775. The acquisition was disclosed in a legal filing with the SEC, accessible via this link. Insiders hold 3.90% of the shares of the company.

A Wall Street analyst gives his opinion

TSLX has been the subject of several research reports. StockNews.com launched coverage on Sixth Street Specialty Lending in a research report on Thursday, March 31. They set a “holding” rating for the company. The Hovde Group lowered its target price on Sixth Street Specialty Lending to $21.00 in a Friday, May 20 research report.

Sixth Street Specialty Lending Profile

(Get an evaluation)

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, equity and structured products, structured equity non-controlling interests and common stock with an emphasis on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations and refinancing.

Further reading

Want to see which other hedge funds hold TSLX? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Sixth Street Specialty Lending, Inc. (NYSE: TSLX – Get Rating).

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



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