Signaturefd LLC Buys 550 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Signaturefd LLC grew its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 13.3% during the 4th quarter, HoldingsChannel reports. The fund owned 4,673 shares of the financial services provider’s stock after purchasing an additional 550 shares during the quarter. Signaturefd LLC’s holdings in Sixth Street Specialty Lending were worth $100,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth about $17,488,000. Columbus Macro LLC bought a new stake in Sixth Street Specialty Lending during the 4th quarter valued at about $7,669,000. Progeny 3 Inc. raised its holdings in Sixth Street Specialty Lending by 10.6% in the third quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider’s stock worth $46,249,000 after buying an additional 215,996 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sixth Street Specialty Lending by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider’s stock worth $24,131,000 after buying an additional 162,810 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Sixth Street Specialty Lending by 498.1% during the third quarter. Benjamin Edwards Inc. now owns 193,677 shares of the financial services provider’s stock valued at $3,976,000 after buying an additional 161,295 shares during the last quarter. 70.25% of the stock is owned by hedge funds and other institutional investors.

Sixth Street Specialty Lending Trading Up 0.7 %

Shares of NYSE:TSLX opened at $22.52 on Monday. The stock’s 50-day simple moving average is $22.37 and its two-hundred day simple moving average is $21.36. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 11.09 and a beta of 1.08. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.50 and a 52-week high of $23.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90.

Sixth Street Specialty Lending (NYSE:TSLX) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. Analysts expect 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 announced a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This is an increase from Sixth Street Specialty Lending’s previous dividend of $0.05. This represents a yield of 6.99%. Sixth Street Specialty Lending’s payout ratio is 90.64%.

Analysts Set New Price Targets

TSLX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Wells Fargo & Company upped their price target on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. LADENBURG THALM/SH SH cut shares of Sixth Street Specialty Lending from a “buy” rating to a “neutral” rating in a research note on Friday, February 14th. Finally, Truist Financial lifted their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.07.

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.