Kayne Anderson Capital Advisors LP Takes $394,000 Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Kayne Anderson Capital Advisors LP purchased a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLXFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,300 shares of the financial services provider’s stock, valued at approximately $394,000.

Several other large investors have also made changes to their positions in the company. Strs Ohio lifted its stake in shares of Sixth Street Specialty Lending by 2.7% in the 3rd quarter. Strs Ohio now owns 3,055,685 shares of the financial services provider’s stock valued at $62,458,000 after purchasing an additional 79,743 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Sixth Street Specialty Lending by 88.7% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,971,948 shares of the financial services provider’s stock valued at $36,856,000 after purchasing an additional 926,977 shares during the last quarter. Progeny 3 Inc. lifted its stake in shares of Sixth Street Specialty Lending by 7.7% in the 2nd quarter. Progeny 3 Inc. now owns 1,843,977 shares of the financial services provider’s stock valued at $34,464,000 after purchasing an additional 132,253 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Sixth Street Specialty Lending by 2.8% in the 3rd quarter. Sound Income Strategies LLC now owns 1,841,388 shares of the financial services provider’s stock valued at $37,638,000 after acquiring an additional 49,766 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Sixth Street Specialty Lending by 7.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,446,198 shares of the financial services provider’s stock valued at $29,560,000 after acquiring an additional 95,269 shares in the last quarter. Institutional investors own 48.66% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

TSLX traded down $0.11 on Thursday, hitting $21.31. 244,434 shares of the stock traded hands, compared to its average volume of 308,266. Sixth Street Specialty Lending, Inc. has a 52 week low of $16.86 and a 52 week high of $22.35. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $1.87 billion, a PE ratio of 8.27 and a beta of 1.05. The business has a fifty day moving average price of $21.50 and a two-hundred day moving average price of $20.66.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 20th. Investors of record on Thursday, November 30th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a yield of 9.91%. Sixth Street Specialty Lending’s dividend payout ratio is 71.04%.

Wall Street Analyst Weigh In

TSLX has been the topic of a number of research analyst reports. B. Riley reiterated a “neutral” rating and issued a $22.00 target price on shares of Sixth Street Specialty Lending in a research note on Monday, November 6th. Wells Fargo & Company lifted their price target on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.92.

Check Out Our Latest Report on Sixth Street Specialty Lending

Sixth Street Specialty Lending Profile

(Free Report)

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.

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

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