International Assets Investment Management LLC Raises Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

International Assets Investment Management LLC raised its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 3,860.0% during the 4th quarter, Holdings Channel reports. The fund owned 23,760 shares of the financial services provider’s stock after purchasing an additional 23,160 shares during the period. International Assets Investment Management LLC’s holdings in Sixth Street Specialty Lending were worth $513,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Total Clarity Wealth Management Inc. raised its holdings in Sixth Street Specialty Lending by 1.5% during 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 buying an additional 705 shares during the period. Signaturefd LLC raised its holdings in Sixth Street Specialty Lending by 19.3% during the 3rd quarter. Signaturefd LLC now owns 4,367 shares of the financial services provider’s stock valued at $89,000 after buying an additional 707 shares during the period. Dearborn Partners LLC raised its holdings in Sixth Street Specialty Lending by 0.9% during the 3rd quarter. Dearborn Partners LLC now owns 91,719 shares of the financial services provider’s stock valued at $1,875,000 after buying an additional 841 shares during the period. Golden Green Inc. raised its holdings in Sixth Street Specialty Lending by 1.1% during the 3rd quarter. Golden Green Inc. now owns 96,655 shares of the financial services provider’s stock valued at $1,976,000 after buying an additional 1,029 shares during the period. Finally, Worth Asset Management LLC raised its holdings in Sixth Street Specialty Lending by 14.6% during the 4th quarter. Worth Asset Management LLC now owns 12,005 shares of the financial services provider’s stock valued at $259,000 after buying an additional 1,529 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Price Performance

TSLX opened at $21.13 on Friday. 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. The business’s fifty day simple moving average is $21.15 and its 200-day simple moving average is $21.06. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.13 and a beta of 1.04.

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, topping 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 business had revenue of $119.50 million for the quarter, compared to the consensus estimate of $115.18 million. During the same quarter in the prior year, the company earned $0.65 EPS. On average, equities research 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 company also recently declared 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 is an increase from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.51%. Sixth Street Specialty Lending’s dividend payout ratio is presently 70.77%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSLX. JMP Securities restated a “market outperform” rating and set a $22.50 price target on shares of Sixth Street Specialty Lending in a 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 note on Friday, February 23rd. 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 note on Monday, January 29th. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.60.

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.