Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Acquired by abrdn plc

abrdn plc lifted its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 38.6% during the fourth quarter, HoldingsChannel reports. The fund owned 105,057 shares of the financial services provider’s stock after acquiring an additional 29,241 shares during the quarter. abrdn plc’s holdings in Sixth Street Specialty Lending were worth $2,269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BluePath Capital Management LLC acquired a new stake in shares of Sixth Street Specialty Lending in the third quarter valued at approximately $33,000. Signaturefd LLC lifted its stake in shares of Sixth Street Specialty Lending by 19.3% during the third 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. Worth Asset Management LLC lifted its stake in shares of Sixth Street Specialty Lending by 14.6% during the fourth 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. Stratos Wealth Partners LTD. purchased a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $265,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Sixth Street Specialty Lending during the third quarter valued at approximately $305,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock opened at $21.68 on Monday. The firm has a market cap of $2.00 billion, a P/E ratio of 8.34 and a beta of 1.04. 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 1-year low of $17.31 and a 1-year high of $22.35. The firm has a fifty day moving average of $21.15 and a two-hundred day moving average of $21.08.

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 net margin of 50.69% and a return on equity of 13.67%. The company had revenue of $119.50 million for the quarter, compared to the consensus estimate of $115.18 million. During the same period last year, the firm posted $0.65 EPS. As a group, 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 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 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Thursday, March 14th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 70.77%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSLX. Royal Bank of Canada upped their price objective 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. JMP Securities reissued 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. Truist Financial raised 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. Finally, Wells Fargo & Company raised their price target on shares of 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock 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.