Mirador Capital Partners LP, a renowned institutional investor in the financial services industry, has recently reported its 13F filing with the Securities and Exchange Commission (SEC), revealing its ownership of Sixth Street Specialty Lending, Inc. (NYSE:TSLX). The report shows that Mirador Capital Partners LP’s stake has notably increased by 97.9% during the first quarter, accounting for an additional 13,745 shares and bringing its total common stock holdings to 27,792 shares. This newly acquired portion of Sixth Street Specialty Lending’s share capital held by Mirador is reportedly valued at $509,000.
Sixth Street Specialty Lending is a well-known business development company traded under the ticker symbol TSLX on the New York Stock Exchange. As a BDC, it provides numerous debt financing solutions and invests in various equity securities for private middle-market companies in North America. Its services include senior secured loans such as first-lien, second-lien and unitranche facilities; subordinated debt funding like unsecured notes and mezzanine investments; structured credit securities alongside non-control equity ; as well as other corporate bonds.
The latest earnings results released by Sixth Street Specialty Lending indicate promising figures for investors. On May 8th this year, the firm reportedly achieved $0.53 EPS for their most recent quarter undeniably meeting market expectations on earnings per share performance. Their net margin of 35.51% along with return on equity at a rate of 13.17% proves good news for investors who can expect healthy returns from this company.
During this same period in Q1 2021 alone, Mirador Capital Partners LP bets big time on TSLX Holdings which can lead to an interesting change in expectations from stockholders regarding the future prospects of Sixth Street Speciality Lending.However,Sixth Street’s fundamentals are strong enough that it would take quite a significant change in their stance for detrimental effects to take place.
Industry experts estimate that Sixth Street Specialty Lending’s continued growth will deliver a predicted 2.22 EPS gain before the end of the year. Furthermore, its focus on co-investments with middle-market companies to achieve and sustain organic growth, as well as addressing needs such as acquisitions or market expansion initiatives, demonstrates the company’s overall strategic approach in maintaining their investors’ trust through diversification to minimize any potential risk.
In conclusion, Mirador Capital Partners LP’s significant acquisition of TSLX holdings reinforces trust and confidence in Sixth Street Specialty Lending, Inc.’s incredible investment value performance amongst experienced institutional investors even when compared against other valuable players within the financial services industry. Investors can anticipate excellent returns from their shares due to the solid fundamentals and various debt financing solutions provided by Sixth Street Specialty Lending, making it a potentially lucrative investment opportunity.
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Sixth Street Specialty Lending Attracts Institutional Investors with Diverse Portfolio Offerings and High Dividend Payout Ratio
Sixth Street Specialty Lending, Inc (NYSE: TSLX) is a business development company that specializes in providing senior secured loans, mezzanine debt, and investments in corporate bonds and equity securities. The fund has been gaining traction from institutional investors lately. Arcus Capital Partners LLC, EverSource Wealth Advisors LLC, Coppell Advisory Solutions Corp., Credit Suisse AG and Vaughan Nelson Investment Management L.P. made noteworthy investments in the fourth quarter of 2019 worth $31,000,$33,000,$42,000,$85,000 and $95,000 respectively. As of now 47.52% of the company’s stock is owned by institutional investors and hedge funds.
The NYSE-listed stock opened at $18.12 on Friday with a market cap of $1.48 billion. It has a fifty-two week high of $19.83 and low of $16.02 along with a beta of 1.07 indicating moderate volatility potential over the long-term period.
Recently, Sixth Street Specialty Lending came out with an announcement regarding their Variable dividend which was paid on June 20 to shareholders who were on record as of May 31st. Shareholders who qualified for this received a $0.04 dividend per share which represents a yield of 10.1%. However the dividend payout ratio is quite high at 122.67%.
Several research firms have conducted analyses on TSLX shares over the past few months. StockNews.com began coverage earlier last month rating the company as hold while B Riley rated it as buy along with placing a price objective target at $21/share soon after analyst reports revealed TheStreet downgraded shares from “b” to “c+” rating.
In conclusion Sixth Street Specialty Lending seems to be attracting institutional investors lately based on its recent revenues trends coupled with its diverse portfolio offerings for organic growth opportunities through acquisitions or refinancing projects However conservative investors need to tread with caution as dividend payout ratio is quite high.