Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Holdings Trimmed by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 1.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 40,834 shares of the financial services provider’s stock after selling 675 shares during the quarter. HighTower Advisors LLC’s holdings in Sixth Street Specialty Lending were worth $870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp boosted its stake in shares of Sixth Street Specialty Lending by 4.5% during the 4th quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider’s stock worth $50,972,000 after acquiring an additional 103,634 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Sixth Street Specialty Lending by 5.6% in the 4th quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider’s stock valued at $49,104,000 after purchasing an additional 122,312 shares during the period. Progeny 3 Inc. increased its stake in Sixth Street Specialty Lending by 10.6% in the 3rd quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider’s stock worth $46,249,000 after purchasing an additional 215,996 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Sixth Street Specialty Lending by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider’s stock worth $24,131,000 after buying an additional 162,810 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in Sixth Street Specialty Lending by 1.1% during the third quarter. Two Sigma Advisers LP now owns 867,286 shares of the financial services provider’s stock valued at $17,805,000 after buying an additional 9,700 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TSLX shares. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their price objective on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods increased their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price target on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Truist Financial increased their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.17.

Sixth Street Specialty Lending Trading Up 0.0 %

Shares of NYSE:TSLX opened at $22.50 on Friday. The firm has a fifty day moving average of $22.46 and a two-hundred day moving average of $21.39. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. Sixth Street Specialty Lending, Inc. has a 12-month low of $19.50 and a 12-month high of $23.67. The firm has a market capitalization of $2.11 billion, a P/E ratio of 11.09 and a beta of 1.08.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The firm had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $120.07 million. On average, equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 6.99%. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s dividend payout ratio is currently 90.64%.

Sixth Street Specialty Lending Profile

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.