Janney Montgomery Scott LLC Increases Stock Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Janney Montgomery Scott LLC increased its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,749 shares of the financial services provider’s stock after purchasing an additional 2,948 shares during the period. Janney Montgomery Scott LLC owned approximately 0.14% of Sixth Street Specialty Lending worth $2,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Trust Co. of Vermont purchased a new stake in Sixth Street Specialty Lending during the 4th quarter valued at $39,000. Quarry LP grew its holdings in shares of Sixth Street Specialty Lending by 378.3% in the third quarter. Quarry LP now owns 4,094 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 3,238 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Sixth Street Specialty Lending during the third quarter valued at $86,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Sixth Street Specialty Lending during the third quarter valued at $196,000. Finally, ProShare Advisors LLC lifted its holdings in Sixth Street Specialty Lending by 14.5% in the second quarter. ProShare Advisors LLC now owns 14,986 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 1,898 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Trading Up 0.5 %

Sixth Street Specialty Lending stock opened at $22.40 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17. Sixth Street Specialty Lending, Inc. has a 12-month low of $19.50 and a 12-month high of $22.42. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.87 and a beta of 1.05. The firm has a 50 day moving average of $21.37 and a 200 day moving average of $20.94.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The firm had revenue of $119.22 million during the quarter, compared to analysts’ expectations of $119.85 million. During the same period in the prior year, the company posted $0.60 earnings per share. As a group, research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on TSLX. Royal Bank of Canada restated an “outperform” rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company boosted their target price on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods reduced their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating for the company in a report on Thursday, November 7th. Finally, LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Buy” and a consensus target price of $22.33.

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.