Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Acquired by Signaturefd LLC

Signaturefd LLC boosted its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 25.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,486 shares of the financial services provider’s stock after acquiring an additional 1,119 shares during the quarter. Signaturefd LLC’s holdings in Sixth Street Specialty Lending were worth $118,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. abrdn plc increased its holdings in shares of Sixth Street Specialty Lending by 38.6% during the fourth quarter. abrdn plc now owns 105,057 shares of the financial services provider’s stock valued at $2,269,000 after purchasing an additional 29,241 shares during the period. Strs Ohio raised its position in shares of Sixth Street Specialty Lending by 2.6% during the 4th quarter. Strs Ohio now owns 3,134,865 shares of the financial services provider’s stock worth $67,713,000 after buying an additional 79,180 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Sixth Street Specialty Lending by 25.3% in the 4th quarter. Cerity Partners LLC now owns 534,868 shares of the financial services provider’s stock worth $11,553,000 after acquiring an additional 108,044 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of Sixth Street Specialty Lending by 19.0% in the fourth quarter. Baillie Gifford & Co. now owns 159,072 shares of the financial services provider’s stock valued at $3,436,000 after acquiring an additional 25,442 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Sixth Street Specialty Lending by 3,860.0% during the fourth 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. Institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Price Performance

Shares of NYSE:TSLX opened at $21.69 on Tuesday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 8.34 and a beta of 1.04. Sixth Street Specialty Lending, Inc. has a 1 year low of $17.31 and a 1 year 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 has a fifty day simple moving average of $21.15 and a 200 day simple moving average of $21.10.

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 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 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 earned $0.65 EPS. As a group, sell-side 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. Shareholders of record on Friday, March 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Sixth Street Specialty Lending’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. Sixth Street Specialty Lending’s payout ratio is 70.77%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSLX. JMP Securities restated 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. Wells Fargo & Company upped their price objective 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. Royal Bank of Canada lifted their target price 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. Finally, Truist Financial upped their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.60.

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.