Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Acquired by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. increased its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLXFree Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,057,960 shares of the financial services provider’s stock after purchasing an additional 63,281 shares during the period. Burgundy Asset Management Ltd.’s holdings in Sixth Street Specialty Lending were worth $44,452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLX. Community Bank N.A. increased its stake in Sixth Street Specialty Lending by 50.0% during the fourth quarter. Community Bank N.A. now owns 1,500 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 500 shares during the last quarter. Total Clarity Wealth Management Inc. grew its position in shares of Sixth Street Specialty Lending by 1.5% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 48,998 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 705 shares during the last quarter. Signaturefd LLC grew its position in shares of Sixth Street Specialty Lending by 25.6% during the 4th quarter. Signaturefd LLC now owns 5,486 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,119 shares during the last quarter. Worth Asset Management LLC raised its stake in Sixth Street Specialty Lending by 14.6% during the fourth quarter. Worth Asset Management LLC now owns 12,005 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 1,529 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Sixth Street Specialty Lending by 20.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,135 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 1,714 shares during the last quarter. 70.25% of the stock is owned by institutional investors.

Sixth Street Specialty Lending Stock Performance

TSLX remained flat at $21.72 on Wednesday. 197,700 shares of the company were exchanged, compared to its average volume of 397,035. The stock has a market cap of $2.01 billion, a P/E ratio of 8.76 and a beta of 1.04. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.03 and a quick ratio of 2.03. The firm has a 50 day moving average of $21.28 and a two-hundred day moving average of $21.35. Sixth Street Specialty Lending, Inc. has a 12-month low of $18.09 and a 12-month high of $22.35.

Sixth Street Specialty Lending (NYSE:TSLXGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.02). Sixth Street Specialty Lending had a net margin of 47.16% and a return on equity of 13.74%. The company had revenue of $117.78 million during the quarter, compared to the consensus estimate of $118.44 million. Research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.33 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.06 per share. This represents a dividend yield of 7.63%. The ex-dividend date is Friday, May 31st. Sixth Street Specialty Lending’s dividend payout ratio (DPR) is presently 74.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Truist Financial upped their target price on Sixth Street Specialty Lending from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $22.50 target price on shares of Sixth Street Specialty Lending in a research report on Tuesday, March 26th. Royal Bank of Canada upped their price target on shares of Sixth Street Specialty Lending from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Sixth Street Specialty Lending from $23.50 to $23.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Sixth Street Specialty Lending has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Check Out Our Latest Report on Sixth Street Specialty Lending

Sixth Street Specialty Lending Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sixth Street Specialty Lending (NYSE:TSLX)

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