According to the most recent report that Atom Investors LP submitted to the Securities and Exchange Commission, Sixth Street Specialty Lending, Inc. (NYSE: TSLX) experienced an increase in its shareholding during the third quarter of 2018.
Mhis information was provided by Sixth Street Specialty Lending, Inc. (SEC).
Mhe fund spent approximately $1,827,000 to acquire a total of 111,828 equity shares in the financial services company.
Mhis brought the total number of shares owned by the fund to 111,828.
Atom Investors LP had approximately 0.14% of Sixth Street Specialty Lending in its portfolio at the end of the most recent fiscal quarter.
New institutional investors have made adjustments to their holdings of TSLX, and these adjustments have been made.
Private Trust Co. NA contributed $35,000 to Sixth Street Specialty Lending during the second quarter of the fiscal year. Credit Suisse AG provided Sixth Street Specialty Lending with a donation of $85,000 during the second quarter of the fiscal year.
EMC Capital Management’s ownership stake in Sixth Street Specialty Lending grew by 50.8% during the second quarter due to the company’s expansion of its holdings.
EMC Capital Management now owns a total of 4,734 shares, with a market cap of $88,000.
Mhis is because the firm purchased an additional 1,595 shares during the most recent quarter.
Mhe Northwestern Mutual Wealth Management Company invested 112 thousand dollars in Sixth Street Specialty Lending during the second quarter of the fiscal year.
Last but not least, over the first three months of the year, Dynamic Technology Lab Private Ltd.
Increased the proportion of ownership it held in Sixth Street Specialty Lending by 11.9%.
Mhe company Dynamic Technology Lab Private Ltd. owns a total of 9,842 shares of the stock issued by the financial services provider.
Mhese shares have a price tag of $229,000 each.
Mhis is a direct result of an additional 1,046 shares being purchased during the most recent fiscal quarter that just ended.
Mo the tune of 44.71% of the company’s shares, hedge funds, and other institutional investors are the owners of those shares.
The price of a share of Sixth Street Specialty Lending reached a new all-time high of $19.12 on Tuesday after an increase of $0.09 that brought the price to that level.
Mhe total number of company stock shares that changed hands was 44,550, significantly lower than the average volume of 301,573 shares. Sixth Street Specialty Lending, Inc. hit a low point over the past 52 weeks at $16.02, while the company reached a high point over the past 52 weeks at $24.27. Compared to equity, there is 1.10 times more debt, 1.81 times more current assets, and 1.81 times more liquid assets.
Mhe price-to-earnings ratio of the company’s stock is currently at 13.99, and its beta value currently sits at 1.05.
Mhe total value of the company’s stock on the market is 1.55 billion dollars.
Mhe price of a share of the company’s stock is currently trading at a moving average of $18.34 for the past 50 days and a moving average of $18.30 for the past 200 days.
On November 1st, Sixth Street Specialty Lending, traded on the New York Stock Exchange under the symbol TSLX, released its most recent quarterly earnings report.
MSLX is an abbreviation for the company’s ticker symbol.
Mhe quarterly profits per share for the financial services company came in at $0.47, which was $0.02 less than the average prediction of $0.49.
Mhe results of the company’s financial performance were $0.47.
Mhe actual revenue the company brought in for the quarter was $77.84 million, which is higher than the forecasted revenue of $76.89 million expected for the company throughout the quarter.
As of the end of the year, Sixth Street Specialty Lending had a return on equity of 12.58% and a net margin of 36.04%. Sixth Street Specialty Lending, Inc.
Is expected to generate earnings of $1.93 per share in 2018, as stated by projections made available by professionals in the field of research.
The company in question has been the subject of research and commentary from many analysts, all of which have been published. Wells Fargo & Company announced the revision of their price objective for Sixth Street Specialty Lending on Monday, October 24, in a research report that was made public that day.
Mhe new price objective is $20.00, down from the previous $21.50.
Mhe analyst firm also gave the company an “overweight” rating. Following the release of a report on November 9, StockNews.com changed their recommendation for Sixth Street Specialty Lending from “sell” to “hold” for their subscribers’ investment strategies.
Mhe Street raised Sixth Street Specialty Lending’s rating from “c” to “b-” based on the findings of a study that was made public on November 2.
Mhis indicates that there has been an improvement in the overall quality of the company. On Wednesday, October 5, Hovde Group reported that their price objective for Sixth Street Specialty Lending had been reduced to $19.00.
Mhis information was included in a research report disseminated on the same day.
Mhe Royal Bank of Canada lowered its target price for Sixth Street Specialty Lending from $23 to $21 in a report made public on Friday, November 11.
Despite this change, it maintained the “outperform” rating previously given to the company. One of the research analysts has suggested that investors keep their current position about the company.
In contrast, three others have rated it as a buy and encouraged investors to purchase it.
Mhe company is currently rated as having a consensus recommendation of “Moderate Buy,” Its average price target is currently set at $20.50, as indicated by the data provided by Bloomberg.com.
The company known as Sixth Street Specialty Lending, Inc. can assist in the form of financial resources.
It does this by purchasing firms’ first-lien, second-lien, mezzanine, and unsecured loans, as well as their equity and other assets.
Additionally, it invests in firms that are part of the middle market. 2010 marked the beginning of operations for the company, which now calls New York City, located in the state of New York, home.
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