Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. reduced its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 80.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,525 shares of the financial services provider’s stock after selling 6,090 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Sixth Street Specialty Lending were worth $33,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TSLX. BluePath Capital Management LLC acquired a new stake in shares of Sixth Street Specialty Lending during the third quarter worth $33,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth $42,000. Coppell Advisory Solutions LLC purchased a new position in shares of Sixth Street Specialty Lending in the 2nd quarter worth $45,000. Credit Suisse AG purchased a new position in shares of Sixth Street Specialty Lending in the 2nd quarter worth $85,000. Finally, Signaturefd LLC raised its position in shares of Sixth Street Specialty Lending by 19.3% in the 3rd quarter. Signaturefd LLC now owns 4,367 shares of the financial services provider’s stock worth $89,000 after buying an additional 707 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSLX has been the topic of several research reports. Wells Fargo & Company increased their target price on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an “overweight” rating in a research report on Monday, January 29th. 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. Royal Bank of Canada increased their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Truist Financial raised their price objective on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.60.

Sixth Street Specialty Lending Trading Up 0.9 %

NYSE:TSLX opened at $20.74 on Thursday. The business’s 50-day moving average is $21.20 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. Sixth Street Specialty Lending, Inc. has a 12 month low of $17.31 and a 12 month high of $22.35. The firm has a market capitalization of $1.91 billion, a PE ratio of 7.98 and a beta of 1.04.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings data on Friday, February 16th. The financial services provider reported $0.62 EPS for the quarter, beating the consensus estimate 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 period last year, the company posted $0.65 earnings per share. Research analysts predict 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 given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.54%. 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. Sixth Street Specialty Lending’s payout ratio is presently 70.77%.

About Sixth Street Specialty Lending

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.