JPMorgan Chase & Co. Has $23.93 Million Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

JPMorgan Chase & Co. reduced its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,123,523 shares of the financial services provider’s stock after selling 51,865 shares during the period. JPMorgan Chase & Co. owned about 1.20% of Sixth Street Specialty Lending worth $23,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in Sixth Street Specialty Lending by 4.5% in the fourth quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider’s stock valued at $50,972,000 after buying an additional 103,634 shares during the period. Sound Income Strategies LLC lifted its position in shares of Sixth Street Specialty Lending by 5.6% during the 4th quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider’s stock valued at $49,104,000 after acquiring an additional 122,312 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Sixth Street Specialty Lending during the 4th quarter valued at $17,488,000. LPL Financial LLC boosted its stake in Sixth Street Specialty Lending by 7.1% during the fourth quarter. LPL Financial LLC now owns 573,859 shares of the financial services provider’s stock worth $12,223,000 after acquiring an additional 38,169 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Sixth Street Specialty Lending by 5.3% in the third quarter. Stifel Financial Corp now owns 550,995 shares of the financial services provider’s stock worth $11,312,000 after purchasing an additional 27,960 shares during the period. Institutional investors and hedge funds own 70.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods upped their target price on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Truist Financial boosted their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, LADENBURG THALM/SH SH downgraded Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $23.17.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX opened at $20.43 on Thursday. The stock has a 50 day moving average of $22.23 and a 200 day moving average of $21.39. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 10.06 and a beta of 0.88. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $23.67. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $123.70 million during the quarter, compared to analyst estimates of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. As a group, sell-side analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were paid a $0.07 dividend. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 6.99%. Sixth Street Specialty Lending’s dividend payout ratio is presently 90.64%.

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.