Stratos Wealth Partners LTD. Sells 1,203 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Stratos Wealth Partners LTD. trimmed its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 11.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,454 shares of the financial services provider’s stock after selling 1,203 shares during the period. Stratos Wealth Partners LTD.’s holdings in Sixth Street Specialty Lending were worth $212,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in Sixth Street Specialty Lending in the 4th quarter worth about $27,000. AdvisorNet Financial Inc purchased a new position in Sixth Street Specialty Lending in the first quarter valued at about $40,000. Rossby Financial LCC bought a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at approximately $62,000. Redmont Wealth Advisors LLC bought a new position in shares of Sixth Street Specialty Lending during the 1st quarter valued at approximately $97,000. Finally, Signaturefd LLC grew its position in shares of Sixth Street Specialty Lending by 13.3% during the 4th quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 550 shares during the period. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX stock opened at $24.70 on Thursday. The stock has a market capitalization of $2.32 billion, a P/E ratio of 13.07 and a beta of 0.83. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average is $23.24 and its 200 day moving average is $22.22. Sixth Street Specialty Lending, Inc. has a 12 month low of $18.58 and a 12 month high of $24.75.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. Sixth Street Specialty Lending had a net margin of 36.59% and a return on equity of 13.60%. The business had revenue of $113.92 billion for the quarter, compared to analysts’ expectations of $116.70 million. During the same period in the prior year, the company posted $0.52 EPS. On average, sell-side analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were paid a $0.06 dividend. This represents a yield of 9.21%. The ex-dividend date was Friday, May 30th. Sixth Street Specialty Lending’s dividend payout ratio is presently 97.35%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TSLX shares. Wells Fargo & Company reduced their target price on shares of 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. Raymond James Financial reduced their target price on shares of 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. B. Riley started coverage on shares of Sixth Street Specialty Lending in a research report on Tuesday, May 13th. They set a “buy” rating and a $23.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of 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. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sixth Street Specialty Lending presently has a consensus rating of “Buy” and a consensus target price of $22.81.

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.