LPL Financial LLC Grows Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

LPL Financial LLC grew its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 573,859 shares of the financial services provider’s stock after buying an additional 38,169 shares during the quarter. LPL Financial LLC owned 0.61% of Sixth Street Specialty Lending worth $12,223,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TSLX. First Horizon Advisors Inc. raised 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 valued at $49,000 after purchasing an additional 465 shares in the last quarter. Signaturefd LLC increased 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 purchasing an additional 550 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in Sixth Street Specialty Lending by 1.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider’s stock worth $984,000 after buying an additional 621 shares during the last quarter. Dearborn Partners LLC lifted its position in 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 worth $1,252,000 after buying an additional 763 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Sixth Street Specialty Lending by 7.6% in the fourth quarter. Bank of New York Mellon Corp now owns 12,811 shares of the financial services provider’s stock worth $273,000 after buying an additional 909 shares in the last quarter. 70.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company lifted their price target on shares of 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. Truist Financial lifted their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. 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. Royal Bank of Canada boosted their target price 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. Finally, Keefe, Bruyette & Woods raised their price target on 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 given a buy rating to the stock. According to MarketBeat.com, Sixth Street Specialty Lending has an average rating of “Moderate Buy” and a consensus target price of $23.17.

Sixth Street Specialty Lending Trading Down 0.6 %

TSLX opened at $22.29 on Thursday. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.98 and a beta of 0.88. Sixth Street Specialty Lending, Inc. has a one year low of $19.50 and a one year high of $23.67. The business has a 50 day simple moving average of $22.51 and a two-hundred day simple moving average of $21.42. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90.

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, 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 business had revenue of $123.70 million for the quarter, compared to analysts’ expectations of $120.07 million. Analysts predict 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. Shareholders of record on Monday, March 3rd were issued a $0.07 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from Sixth Street Specialty Lending’s previous dividend of $0.05. This represents a yield of 6.99%. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 90.64%.

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.