Jump Financial LLC Sells 16,547 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Jump Financial LLC lowered its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 28.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,775 shares of the financial services provider’s stock after selling 16,547 shares during the quarter. Jump Financial LLC’s holdings in Sixth Street Specialty Lending were worth $902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLX. Community Bank N.A. raised its holdings in shares of Sixth Street Specialty Lending by 50.0% during the fourth quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 500 shares in the last quarter. Signaturefd LLC raised its holdings 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 acquiring an additional 707 shares in the last quarter. Precision Wealth Strategies LLC bought a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $205,000. Worth Asset Management LLC raised its holdings 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 acquiring an additional 1,529 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $265,000. Institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial upped their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. JMP Securities restated a “market outperform” rating and set a $22.50 target price on shares of Sixth Street Specialty Lending in a report on Tuesday, March 26th. Keefe, Bruyette & Woods decreased their price objective on Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Wells Fargo & Company increased their price objective on Sixth Street Specialty Lending from $21.00 to $22.50 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada increased their price objective 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Sixth Street Specialty Lending Price Performance

TSLX opened at $21.23 on Friday. Sixth Street Specialty Lending, Inc. has a 12-month low of $17.68 and a 12-month high of $22.35. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 8.56 and a beta of 1.03. The stock has a fifty day simple moving average of $21.12 and a two-hundred day simple moving average of $21.25. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.14.

Sixth Street Specialty Lending (NYSE:TSLX) last released its earnings results on Friday, February 16th. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.74% and a net margin of 47.16%. The firm had revenue of $119.50 million for the quarter, compared to analysts’ expectations of $115.18 million. During the same period in the prior year, the firm posted $0.65 earnings per share. Research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.33 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.06 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.13%. Sixth Street Specialty Lending’s dividend payout ratio is currently 74.19%.

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.