Stratos Wealth Partners LTD. Acquires Shares of 12,249 Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Stratos Wealth Partners LTD. acquired a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 12,249 shares of the financial services provider’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in Sixth Street Specialty Lending by 3,860.0% during the 4th quarter. International Assets Investment Management LLC now owns 23,760 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 23,160 shares during the period. Riverbridge Partners LLC lifted its stake in Sixth Street Specialty Lending by 0.9% during the 4th quarter. Riverbridge Partners LLC now owns 66,752 shares of the financial services provider’s stock valued at $1,442,000 after acquiring an additional 614 shares during the period. Total Clarity Wealth Management Inc. lifted its stake in shares of Sixth Street Specialty Lending by 1.5% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 48,998 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 705 shares during the period. Pallas Capital Advisors LLC lifted its stake in shares of Sixth Street Specialty Lending by 86.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 87,873 shares of the financial services provider’s stock valued at $1,898,000 after purchasing an additional 40,632 shares during the period. Finally, Mirador Capital Partners LP lifted its stake in shares of Sixth Street Specialty Lending by 25.8% in the 4th quarter. Mirador Capital Partners LP now owns 36,074 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 7,403 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX opened at $20.71 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.66 and a current ratio of 1.66. The company has a fifty day moving average of $21.23 and a two-hundred day moving average of $21.02. The stock has a market capitalization of $1.91 billion, a PE ratio of 7.96 and a beta of 1.04. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $17.31 and a fifty-two week high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Friday, February 16th. The financial services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $119.50 million during the quarter, compared to analysts’ expectations of $115.18 million. Sixth Street Specialty Lending had a net margin of 50.69% and a return on equity of 13.67%. During the same period in the prior year, the business posted $0.65 earnings per share. As a group, research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.08 per share. This is a positive change from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.55%. Sixth Street Specialty Lending’s dividend payout ratio is presently 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.