Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 34.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,778 shares of the financial services provider’s stock after selling 48,241 shares during the period. Commonwealth Equity Services LLC owned approximately 0.10% of Sixth Street Specialty Lending worth $1,997,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Sixth Street Specialty Lending by 106.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,184 shares of the financial services provider’s stock worth $1,051,000 after buying an additional 26,349 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Sixth Street Specialty Lending in the 3rd quarter worth approximately $987,000. D.A. Davidson & CO. grew its position in Sixth Street Specialty Lending by 10.3% in the third quarter. D.A. Davidson & CO. now owns 160,617 shares of the financial services provider’s stock valued at $3,297,000 after acquiring an additional 15,060 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Sixth Street Specialty Lending by 399.4% during the third quarter. Quantbot Technologies LP now owns 26,774 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 21,413 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Sixth Street Specialty Lending by 29.6% in the third quarter. Rockefeller Capital Management L.P. now owns 192,446 shares of the financial services provider’s stock valued at $3,951,000 after purchasing an additional 43,996 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Trading Up 0.0 %

NYSE:TSLX opened at $22.50 on Friday. The company has a market cap of $2.11 billion, a PE ratio of 11.09 and a beta of 1.08. The business’s 50 day moving average is $22.46 and its two-hundred day moving average is $21.39. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $23.67.

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

Sixth Street Specialty Lending Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were given a $0.07 dividend. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. This represents a dividend yield of 6.99%. The ex-dividend date was Friday, February 28th. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 90.64%.

Analysts Set New Price Targets

TSLX has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Truist Financial increased their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Royal Bank of Canada lifted their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Finally, Keefe, Bruyette & Woods raised their price target 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Moderate Buy” and a consensus target price of $23.17.

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.