31,070 Shares in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) during the 4th quarter, HoldingsChannel reports. The fund acquired 31,070 shares of the financial services provider’s stock, valued at approximately $662,000.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC lifted its position in shares of Sixth Street Specialty Lending by 1.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider’s stock valued at $984,000 after acquiring an additional 621 shares in the last quarter. Platform Technology Partners raised its stake in Sixth Street Specialty Lending by 3.5% in the 4th quarter. Platform Technology Partners now owns 28,925 shares of the financial services provider’s stock valued at $616,000 after purchasing an additional 980 shares during the last quarter. Confluence Investment Management LLC lifted its holdings in Sixth Street Specialty Lending by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 251,182 shares of the financial services provider’s stock valued at $5,350,000 after purchasing an additional 1,273 shares in the last quarter. Barnett & Company Inc. boosted its stake in Sixth Street Specialty Lending by 4.7% during the 3rd quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Sixth Street Specialty Lending by 6.3% during the third quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider’s stock worth $502,000 after buying an additional 1,441 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on TSLX. Keefe, Bruyette & Woods lowered their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their price objective on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $22.33.

Sixth Street Specialty Lending Stock Down 0.2 %

Shares of NYSE TSLX opened at $22.11 on Tuesday. The company has a market capitalization of $2.06 billion, a P/E ratio of 10.73 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.50 and a 1 year high of $22.47. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50. The company has a 50 day simple moving average of $21.48 and a 200-day simple moving average of $20.97.

Sixth Street Specialty Lending Cuts Dividend

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

Sixth Street Specialty Lending Profile

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.