Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. trimmed its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,657 shares of the financial services provider’s stock after selling 602 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Sixth Street Specialty Lending were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Trust Co. of Vermont purchased a new position in Sixth Street Specialty Lending in the fourth quarter worth $39,000. Quarry LP grew its stake in shares of Sixth Street Specialty Lending by 378.3% during the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 3,238 shares during the period. EMC Capital Management increased its holdings in shares of Sixth Street Specialty Lending by 92.5% in the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 3,242 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sixth Street Specialty Lending in the 3rd quarter valued at about $196,000. Finally, Grimes & Company Inc. lifted its stake in shares of Sixth Street Specialty Lending by 16.4% in the third quarter. Grimes & Company Inc. now owns 18,400 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 2,591 shares during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TSLX. Keefe, Bruyette & Woods lowered their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Wells Fargo & Company upped their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $22.33.

Sixth Street Specialty Lending Stock Up 1.2 %

Shares of NYSE:TSLX opened at $22.47 on Friday. The stock has a 50-day simple moving average of $21.52 and a 200-day simple moving average of $20.99. The stock has a market capitalization of $2.10 billion, a P/E ratio of 10.91 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.50 and a 1 year high of $22.48. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50.

Sixth Street Specialty Lending (NYSE:TSLX) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. Equities analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were given a $0.05 dividend. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend was Friday, November 29th. Sixth Street Specialty Lending’s payout ratio is currently 89.32%.

Sixth Street Specialty Lending Company 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.