Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,686 shares of the financial services provider’s stock after acquiring an additional 2,668 shares during the period. Raymond James & Associates owned 0.16% of Sixth Street Specialty Lending worth $2,996,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in shares of Sixth Street Specialty Lending by 13.3% in the 3rd quarter. UBS Group AG now owns 460,440 shares of the financial services provider’s stock valued at $9,411,000 after purchasing an additional 53,871 shares during the last quarter. Van ECK Associates Corp boosted its stake in Sixth Street Specialty Lending by 7.1% during the third quarter. Van ECK Associates Corp now owns 1,446,198 shares of the financial services provider’s stock worth $29,560,000 after buying an additional 95,269 shares during the period. Stifel Financial Corp increased its position in shares of Sixth Street Specialty Lending by 17.9% during the third quarter. Stifel Financial Corp now owns 445,846 shares of the financial services provider’s stock valued at $9,113,000 after acquiring an additional 67,649 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its stake in shares of Sixth Street Specialty Lending by 31.3% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 118,770 shares of the financial services provider’s stock valued at $2,428,000 after acquiring an additional 28,299 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Sixth Street Specialty Lending by 10.8% in the 3rd quarter. HighTower Advisors LLC now owns 28,436 shares of the financial services provider’s stock worth $581,000 after acquiring an additional 2,766 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TSLX shares. Royal Bank of Canada lifted their target price on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Wells Fargo & Company boosted their price objective on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the company an “overweight” rating in a report on Monday, January 29th. Truist Financial increased their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $22.50 target price on shares of Sixth Street Specialty Lending in a research report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Sixth Street Specialty Lending currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.60.

Sixth Street Specialty Lending Stock Down 1.2 %

Shares of NYSE TSLX opened at $20.75 on Friday. The stock has a market cap of $1.82 billion, a P/E ratio of 7.98 and a beta of 1.04. The business’s fifty day simple moving average is $21.24 and its 200-day simple moving average is $21.00. Sixth Street Specialty Lending, Inc. has a 12-month low of $17.31 and a 12-month high of $22.35. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.19.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings results on Friday, February 16th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.67% and a net margin of 50.69%. The company had revenue of $119.50 million for the quarter, compared to analyst estimates of $115.18 million. During the same quarter last year, the company earned $0.65 EPS. As a group, equities analysts predict that Sixth Street Specialty Lending, Inc. will post 2.35 EPS for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.54%. This is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. Sixth Street Specialty Lending’s payout ratio is currently 70.77%.

Sixth Street Specialty Lending Company 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.