Tower Research Capital LLC TRC Cuts Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Tower Research Capital LLC TRC decreased its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 58.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,231 shares of the financial services provider’s stock after selling 1,757 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Sixth Street Specialty Lending were worth $26,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TSLX. Trust Co. of Vermont purchased a new position in Sixth Street Specialty Lending in the fourth quarter worth $39,000. First Horizon Advisors Inc. raised its position in Sixth Street Specialty Lending by 25.3% in the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 465 shares in the last quarter. Signaturefd LLC raised its position in Sixth Street Specialty Lending by 13.3% in the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 550 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in Sixth Street Specialty Lending in the fourth quarter worth $109,000. Finally, EMC Capital Management raised its position in Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 3,242 shares in the last quarter. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TSLX. Wells Fargo & Company cut their price objective on Sixth Street Specialty Lending from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Keefe, Bruyette & Woods raised their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Raymond James dropped their price target on Sixth Street Specialty Lending from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $22.81.

Sixth Street Specialty Lending Trading Up 1.8%

Sixth Street Specialty Lending stock opened at $22.71 on Friday. The stock has a market cap of $2.13 billion, a PE ratio of 11.19 and a beta of 0.82. The stock has a 50-day moving average price of $21.22 and a 200 day moving average price of $21.44. Sixth Street Specialty Lending, Inc. has a 52 week low of $18.58 and a 52 week 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 posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $113.92 billion during the quarter, compared to analysts’ expectations of $116.70 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. During the same quarter last year, the business posted $0.52 EPS. Equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.06 per share. This represents a yield of 8.9%. The ex-dividend date is Monday, June 16th. Sixth Street Specialty Lending’s dividend payout ratio is presently 97.35%.

Sixth Street Specialty Lending 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.