Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stake Increased by Cerity Partners LLC

Cerity Partners LLC grew its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 25.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 534,868 shares of the financial services provider’s stock after purchasing an additional 108,044 shares during the period. Cerity Partners LLC’s holdings in Sixth Street Specialty Lending were worth $11,553,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Strs Ohio lifted its holdings in shares of Sixth Street Specialty Lending by 2.7% in the third quarter. Strs Ohio now owns 3,055,685 shares of the financial services provider’s stock valued at $62,458,000 after purchasing an additional 79,743 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Sixth Street Specialty Lending by 1.2% during the third quarter. Burgundy Asset Management Ltd. now owns 1,994,679 shares of the financial services provider’s stock worth $40,771,000 after acquiring an additional 22,731 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Sixth Street Specialty Lending by 8.1% during the fourth quarter. Sound Income Strategies LLC now owns 1,989,678 shares of the financial services provider’s stock worth $42,977,000 after acquiring an additional 148,290 shares in the last quarter. Morgan Stanley raised its holdings in shares of Sixth Street Specialty Lending by 9.2% during the third quarter. Morgan Stanley now owns 1,942,510 shares of the financial services provider’s stock worth $39,705,000 after acquiring an additional 164,351 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of 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 acquiring an additional 95,269 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Ratings Changes

TSLX has been the subject of several recent research reports. Royal Bank of Canada increased their price objective on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. JMP Securities reiterated a “market outperform” rating and set a $22.50 price objective on shares of Sixth Street Specialty Lending in a report on Tuesday, March 26th. Truist Financial raised their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Wells Fargo & Company raised their target price 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.60.

Sixth Street Specialty Lending Price Performance

NYSE TSLX opened at $20.75 on Monday. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $17.31 and a fifty-two week high of $22.35. The stock’s 50-day moving average is $21.24 and its two-hundred day moving average is $21.01. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $1.91 billion, a P/E ratio of 7.98 and a beta of 1.04.

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

Sixth Street Specialty Lending Increases Dividend

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