Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) by 25.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,302 shares of the financial services provider’s stock after acquiring an additional 465 shares during the quarter. First Horizon Advisors Inc.’s holdings in Sixth Street Specialty Lending were worth $49,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in shares of Sixth Street Specialty Lending by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider’s stock worth $50,972,000 after buying an additional 103,634 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Sixth Street Specialty Lending by 5.6% in the fourth quarter. Sound Income Strategies LLC now owns 2,305,372 shares of the financial services provider’s stock worth $49,104,000 after buying an additional 122,312 shares during the last quarter. Progeny 3 Inc. increased 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. increased its holdings in 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 during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Sixth Street Specialty Lending by 1.1% during the third quarter. Two Sigma Advisers LP now owns 867,286 shares of the financial services provider’s stock valued at $17,805,000 after purchasing an additional 9,700 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock opened at $23.24 on Friday. The stock has a 50-day moving average price of $21.96 and a 200 day moving average price of $21.18. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 11.45 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 12 month low of $19.50 and a 12 month high of $23.66.

Sixth Street Specialty Lending (NYSE:TSLX) last issued its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (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 analysts’ expectations of $120.07 million. Research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Wells Fargo & Company raised their target price 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. Keefe, Bruyette & Woods raised their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an “outperform” 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 report on Friday, February 14th. Finally, Truist Financial lifted their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.