HighTower Advisors LLC Lowers Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

HighTower Advisors LLC trimmed its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,834 shares of the financial services provider’s stock after selling 675 shares during the quarter. HighTower Advisors LLC’s holdings in Sixth Street Specialty Lending were worth $870,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dearborn Partners LLC raised its stake in shares of Sixth Street Specialty Lending by 1.3% in the 4th quarter. Dearborn Partners LLC now owns 58,768 shares of the financial services provider’s stock valued at $1,252,000 after acquiring an additional 763 shares during the period. Marble Harbor Investment Counsel LLC increased its holdings in Sixth Street Specialty Lending by 7.2% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 21,645 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 1,445 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Sixth Street Specialty Lending in the fourth quarter valued at about $17,488,000. Sage Investment Counsel LLC acquired a new position in shares of Sixth Street Specialty Lending during the fourth quarter worth about $559,000. Finally, Muzinich & Co. Inc. boosted its position in shares of Sixth Street Specialty Lending by 7.1% in the fourth quarter. Muzinich & Co. Inc. now owns 392,418 shares of the financial services provider’s stock worth $8,359,000 after buying an additional 26,008 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Trading Up 0.0 %

Shares of NYSE TSLX opened at $22.50 on Friday. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 11.09 and a beta of 1.08. The stock’s 50 day simple moving average is $22.46 and its 200 day simple moving average is $21.39. 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, Inc. has a 12-month low of $19.50 and a 12-month high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The firm had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. Equities research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

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

Wall Street Analysts Forecast Growth

TSLX has been the topic of a number of recent research reports. Keefe, Bruyette & Woods boosted 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 research report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Truist Financial raised their target price on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company boosted their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada raised their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.17.

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.