Delphi Financial Group Inc. Sells 44,547 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Delphi Financial Group Inc. lessened its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLXGet Rating) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,607,366 shares of the financial services provider’s stock after selling 44,547 shares during the quarter. Sixth Street Specialty Lending makes up approximately 13.1% of Delphi Financial Group Inc.’s investment portfolio, making the stock its 3rd largest position. Delphi Financial Group Inc.’s holdings in Sixth Street Specialty Lending were worth $37,436,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its position in shares of Sixth Street Specialty Lending by 6.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 194,931 shares of the financial services provider’s stock valued at $4,559,000 after purchasing an additional 11,580 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Sixth Street Specialty Lending by 6.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 53,240 shares of the financial services provider’s stock valued at $1,245,000 after purchasing an additional 3,171 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Sixth Street Specialty Lending by 61.5% in the fourth quarter. D.A. Davidson & CO. now owns 28,461 shares of the financial services provider’s stock valued at $666,000 after purchasing an additional 10,834 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Sixth Street Specialty Lending in the fourth quarter valued at approximately $778,000. Finally, Eagle Global Advisors LLC grew its position in shares of Sixth Street Specialty Lending by 20.0% in the fourth quarter. Eagle Global Advisors LLC now owns 16,410 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 2,730 shares during the last quarter. Institutional investors and hedge funds own 47.04% of the company’s stock.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock traded up $0.12 during trading on Thursday, hitting $19.22. The company had a trading volume of 4,645 shares, compared to its average volume of 349,664. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $1.47 billion, a P/E ratio of 7.58 and a beta of 1.09. The stock’s 50-day moving average price is $19.33 and its 200 day moving average price is $21.79. Sixth Street Specialty Lending, Inc. has a one year low of $18.02 and a one year high of $24.74.

Sixth Street Specialty Lending (NYSE:TSLXGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04). Sixth Street Specialty Lending had a net margin of 70.06% and a return on equity of 12.41%. The company had revenue of $67.43 million during the quarter, compared to the consensus estimate of $71.21 million. Equities analysts expect that Sixth Street Specialty Lending, Inc. will post 1.98 EPS for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Wednesday, June 15th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date was Tuesday, June 14th. Sixth Street Specialty Lending’s payout ratio is 65.08%.

Insider Activity

In other news, VP Jennifer Gordon purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, May 24th. The stock was bought at an average cost of $19.91 per share, for a total transaction of $49,775.00. Following the purchase, the vice president now owns 2,500 shares of the company’s stock, valued at $49,775. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on TSLX. StockNews.com began coverage on Sixth Street Specialty Lending in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Hovde Group decreased their target price on Sixth Street Specialty Lending to $21.00 in a research report on Friday, May 20th.

Sixth Street Specialty Lending Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding TSLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sixth Street Specialty Lending, Inc. (NYSE:TSLXGet Rating).

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

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