BNP Paribas Financial Markets Purchases New Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

BNP Paribas Financial Markets purchased a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,610 shares of the financial services provider’s stock, valued at approximately $1,035,000. BNP Paribas Financial Markets owned approximately 0.05% of Sixth Street Specialty Lending at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new stake in Sixth Street Specialty Lending during the fourth quarter worth $39,000. First Horizon Advisors Inc. lifted its position in Sixth Street Specialty Lending by 25.3% during the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider’s stock worth $49,000 after buying an additional 465 shares during the period. Signaturefd LLC lifted its position in Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock worth $100,000 after buying an additional 550 shares during the period. Atlas Capital Advisors Inc. purchased a new position in Sixth Street Specialty Lending during the fourth quarter worth about $109,000. Finally, EMC Capital Management lifted its position in Sixth Street Specialty Lending by 92.5% during the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock worth $144,000 after buying an additional 3,242 shares during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Trading Up 1.1%

Shares of TSLX opened at $23.03 on Wednesday. Sixth Street Specialty Lending, Inc. has a 1 year low of $18.58 and a 1 year 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. The stock has a 50 day simple moving average of $21.24 and a 200-day simple moving average of $21.48. The stock has a market cap of $2.16 billion, a PE ratio of 11.34 and a beta of 0.82.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $113.92 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $0.52 EPS. On average, sell-side analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current fiscal year.

Sixth Street Specialty Lending Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have commented on the company. Truist Financial upped their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. B. Riley started coverage on Sixth Street Specialty Lending in a research note on Tuesday, May 13th. They issued a “buy” rating and a $23.00 target price for the company. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Wells Fargo & Company lowered their target price on Sixth Street Specialty Lending from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. lowered their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an “overweight” rating for the company in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Sixth Street Specialty Lending has an average rating of “Buy” and an average target price of $22.81.

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.