Steward Partners Investment Advisory LLC Has $476,000 Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Steward Partners Investment Advisory LLC cut its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,333 shares of the financial services provider’s stock after selling 1,300 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Sixth Street Specialty Lending were worth $476,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. First National Trust Co lifted its position in shares of Sixth Street Specialty Lending by 145.8% in the third quarter. First National Trust Co now owns 116,922 shares of the financial services provider’s stock valued at $2,400,000 after buying an additional 69,348 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Sixth Street Specialty Lending by 12.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 355,434 shares of the financial services provider’s stock valued at $7,297,000 after buying an additional 40,330 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Sixth Street Specialty Lending in the third quarter valued at approximately $749,000. Muzinich & Co. Inc. lifted its position in shares of Sixth Street Specialty Lending by 12.4% in the third quarter. Muzinich & Co. Inc. now owns 366,410 shares of the financial services provider’s stock valued at $7,522,000 after buying an additional 40,330 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted 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 valued at $1,051,000 after buying an additional 26,349 shares during the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Sixth Street Specialty Lending Price Performance

Shares of NYSE TSLX opened at $22.14 on Thursday. The firm has a market cap of $2.07 billion, a P/E ratio of 10.91 and a beta of 1.08. 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 1-year low of $19.50 and a 1-year high of $23.67. The business’s 50 day moving average is $22.23 and its 200-day moving average is $21.31.

Sixth Street Specialty Lending (NYSE:TSLX) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $120.07 million. Equities research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.07 per share. This represents a yield of 6.99%. The ex-dividend date is Friday, February 28th. This is a positive change from Sixth Street Specialty Lending’s previous dividend of $0.05. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is 90.64%.

Analyst Upgrades and Downgrades

TSLX has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Truist Financial raised their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company 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 report on Friday, February 14th. Royal Bank of Canada increased their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. increased their target price on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.07.

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.