Wells Fargo & Company MN Purchases 7,267 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Wells Fargo & Company MN increased its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,106,222 shares of the financial services provider’s stock after buying an additional 7,267 shares during the quarter. Wells Fargo & Company MN’s holdings in Sixth Street Specialty Lending were worth $24,547,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Zeke Capital Advisors LLC acquired a new stake in Sixth Street Specialty Lending during the second quarter worth approximately $248,000. Bramshill Investments LLC grew its position in Sixth Street Specialty Lending by 11.2% during the second quarter. Bramshill Investments LLC now owns 36,771 shares of the financial services provider’s stock worth $816,000 after buying an additional 3,706 shares in the last quarter. Northeast Financial Consultants Inc acquired a new stake in Sixth Street Specialty Lending during the second quarter worth approximately $577,000. FORA Capital LLC acquired a new stake in Sixth Street Specialty Lending during the second quarter worth approximately $84,000. Finally, Progeny 3 Inc. grew its position in Sixth Street Specialty Lending by 7.7% during the second quarter. Progeny 3 Inc. now owns 816,257 shares of the financial services provider’s stock worth $18,113,000 after buying an additional 58,465 shares in the last quarter. 49.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of TSLX stock opened at $24.23 on Thursday. The stock’s fifty day moving average price is $23.32 and its two-hundred day moving average price is $22.91. The company has a market cap of $1.77 billion, a PE ratio of 8.13, a P/E/G ratio of 1.33 and a beta of 1.19. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $20.15 and a fifty-two week high of $24.74. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.48 and a current ratio of 0.48.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 14th. Investors of record on Wednesday, December 15th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 6.77%. The ex-dividend date is Tuesday, December 14th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 55.03%.

TSLX has been the topic of a number of analyst reports. Zacks Investment Research downgraded Sixth Street Specialty Lending from a “buy” rating to a “hold” rating in a research report on Friday, August 6th. Raymond James raised their target price on Sixth Street Specialty Lending from $23.50 to $25.00 and gave the company an “outperform” rating in a report on Thursday, November 4th. Finally, JMP Securities raised their target price on Sixth Street Specialty Lending from $24.00 to $25.50 and gave the company a “market outperform” rating in a report on Thursday, November 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Sixth Street Specialty Lending presently has an average rating of “Buy” and a consensus price target of $24.88.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc acts as private equity fund. The fund target companies operating in the fields health, commercial, internet, industrial, technology serveries. It provides financing for first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments,transaction size between $15 to $350 million, EBTIDA of $10 to $250 million and enterprise value of $50 million.

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

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