Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Bought by Stifel Financial Corp

Stifel Financial Corp lifted its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLXFree Report) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 477,079 shares of the financial services provider’s stock after purchasing an additional 31,233 shares during the quarter. Stifel Financial Corp owned about 0.54% of Sixth Street Specialty Lending worth $10,305,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TSLX. Raymond James Financial Services Advisors Inc. raised its holdings in Sixth Street Specialty Lending by 19.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 536,593 shares of the financial services provider’s stock worth $11,590,000 after purchasing an additional 88,236 shares during the last quarter. UBS Group AG raised its stake in shares of Sixth Street Specialty Lending by 13.3% during the 3rd quarter. UBS Group AG now owns 460,440 shares of the financial services provider’s stock worth $9,411,000 after buying an additional 53,871 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Sixth Street Specialty Lending by 7.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,446,198 shares of the financial services provider’s stock worth $29,560,000 after buying an additional 95,269 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Sixth Street Specialty Lending by 103,655.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 294,666 shares of the financial services provider’s stock valued at $6,365,000 after acquiring an additional 294,382 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC increased its holdings in Sixth Street Specialty Lending by 31.3% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 118,770 shares of the financial services provider’s stock valued at $2,428,000 after acquiring an additional 28,299 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Sixth Street Specialty Lending Stock Performance

NYSE:TSLX opened at $21.91 on Thursday. The company has a market cap of $2.03 billion, a P/E ratio of 8.83 and a beta of 1.04. The firm’s 50 day moving average is $21.30 and its two-hundred day moving average is $21.36. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $18.09 and a fifty-two week high of $22.35. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.14.

Sixth Street Specialty Lending (NYSE:TSLXGet Free Report) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). Sixth Street Specialty Lending had a return on equity of 13.74% and a net margin of 47.16%. The firm had revenue of $117.78 million during the quarter, compared to analysts’ expectations of $118.44 million. Analysts expect that Sixth Street Specialty Lending, Inc. will post 2.33 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.06 per share. This represents a dividend yield of 7.63%. The ex-dividend date of this dividend is Friday, May 31st. Sixth Street Specialty Lending’s payout ratio is currently 74.19%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their target price on Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Truist Financial increased their price objective on 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. 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. Finally, Royal Bank of Canada raised their price target on shares of 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Check Out Our Latest Analysis on Sixth Street Specialty Lending

Sixth Street Specialty Lending Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sixth Street Specialty Lending (NYSE:TSLX)

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