Avantax Advisory Services Inc. Has $734,000 Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Avantax Advisory Services Inc. cut its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 1.8% during the 1st quarter, Holdings Channel reports. The firm owned 34,898 shares of the financial services provider’s stock after selling 629 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Sixth Street Specialty Lending were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in Sixth Street Specialty Lending by 18.6% in the 1st quarter. Van ECK Associates Corp now owns 750,146 shares of the financial services provider’s stock valued at $15,776,000 after buying an additional 117,468 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Sixth Street Specialty Lending by 20.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,270 shares of the financial services provider’s stock valued at $321,000 after buying an additional 2,580 shares during the last quarter. Clayton Partners LLC acquired a new position in Sixth Street Specialty Lending in the 1st quarter valued at about $2,461,000. JPMorgan Chase & Co. grew its stake in Sixth Street Specialty Lending by 5.6% in the 1st quarter. JPMorgan Chase & Co. now owns 136,144 shares of the financial services provider’s stock valued at $2,863,000 after buying an additional 7,189 shares during the last quarter. Finally, UBS Group AG grew its stake in Sixth Street Specialty Lending by 21.7% in the 1st quarter. UBS Group AG now owns 224,959 shares of the financial services provider’s stock valued at $4,731,000 after buying an additional 40,048 shares during the last quarter. Institutional investors own 49.30% of the company’s stock.

A number of brokerages recently commented on TSLX. Oppenheimer assumed coverage on shares of Sixth Street Specialty Lending in a research note on Wednesday, April 21st. They issued an “outperform” rating and a $23.00 price target on the stock. LADENBURG THALM/SH SH restated a “neutral” rating on shares of Sixth Street Specialty Lending in a research report on Wednesday, May 12th. Raymond James increased their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.50 and gave the stock an “outperform” rating in a research report on Thursday, May 6th. Finally, Zacks Investment Research lowered shares of Sixth Street Specialty Lending from a “hold” rating to a “sell” rating in a research report on Thursday, April 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.80.

Shares of Sixth Street Specialty Lending stock opened at $22.09 on Friday. The stock’s 50 day moving average price is $22.13. Sixth Street Specialty Lending, Inc. has a 1-year low of $15.53 and a 1-year high of $22.90. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $1.60 billion, a P/E ratio of 5.28, a PEG ratio of 1.23 and a beta of 1.22.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings results on Tuesday, May 4th. The financial services provider reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. Sixth Street Specialty Lending had a net margin of 106.63% and a return on equity of 13.60%. The company had revenue of $66.24 million during the quarter, compared to the consensus estimate of $63.10 million. As a group, equities analysts predict that Sixth Street Specialty Lending, Inc. will post 2.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Tuesday, June 15th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date is Monday, June 14th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 74.21%.

In other news, Director Richard A. Higginbotham purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, May 11th. The stock was bought at an average price of $21.88 per share, with a total value of $109,400.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $437,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.10% of the company’s stock.

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.

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

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