Security National Bank Takes $266,000 Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Security National Bank acquired a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,639 shares of the financial services provider’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reby Advisors LLC acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at $68,000. FNY Investment Advisers LLC acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at $80,000. Lindbrook Capital LLC acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at $104,000. Centaurus Financial Inc. acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at $151,000. Finally, Creative Planning acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at $208,000. 55.72% of the stock is owned by institutional investors.

A number of equities analysts have commented on the stock. Raymond James boosted their price objective on shares of Sixth Street Specialty Lending from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, January 8th. Zacks Investment Research upgraded shares of Sixth Street Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, March 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Sixth Street Specialty Lending presently has an average rating of “Buy” and an average price target of $19.00.

Shares of Sixth Street Specialty Lending stock traded up $0.16 during trading on Thursday, reaching $22.20. The company had a trading volume of 4,166 shares, compared to its average volume of 471,569. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 9.15 and a beta of 1.16. The firm’s fifty day moving average is $21.81 and its 200-day moving average is $20.07. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.76 and a current ratio of 0.76. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $22.90.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Wednesday, February 17th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Sixth Street Specialty Lending had a net margin of 59.17% and a return on equity of 13.52%. On average, research analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

The business also recently announced a — dividend, which will be paid on Thursday, April 8th. Stockholders of record on Thursday, March 25th will be paid a $1.25 dividend. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend is Wednesday, March 24th. This is a positive change from Sixth Street Specialty Lending’s previous — dividend of $0.25. Sixth Street Specialty Lending’s dividend payout ratio is 84.54%.

Sixth Street Specialty Lending Profile

Sixth Street Specialty Lending, Inc is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), mezzanine debt, 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.

Further Reading: Understanding Market Liquidity

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

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