Wilmington Savings Fund Society FSB Acquires New Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Wilmington Savings Fund Society FSB bought a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,070 shares of the financial services provider's stock, valued at approximately $662,000.

Other hedge funds also recently bought and sold shares of the company. Trust Co. of Vermont purchased a new position in Sixth Street Specialty Lending during the fourth quarter worth about $39,000. Quarry LP boosted its stake in Sixth Street Specialty Lending by 378.3% during the third quarter. Quarry LP now owns 4,094 shares of the financial services provider's stock worth $84,000 after buying an additional 3,238 shares during the period. EMC Capital Management boosted its stake in shares of Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 3,242 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Sixth Street Specialty Lending in the third quarter valued at approximately $196,000. Finally, Robertson Stephens Wealth Management LLC purchased a new position in shares of Sixth Street Specialty Lending in the fourth quarter valued at approximately $207,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Up 2.2 %

Sixth Street Specialty Lending stock traded up $0.50 during trading on Friday, reaching $22.97. The stock had a trading volume of 730,751 shares, compared to its average volume of 296,213. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.50 and a 52-week high of $23.15. The business has a 50 day moving average price of $21.54 and a 200 day moving average price of $21.00. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The stock has a market cap of $2.14 billion, a PE ratio of 11.15 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. On average, analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.22%. This is a boost from Sixth Street Specialty Lending's previous quarterly dividend of $0.05. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 90.64%.

Analysts Set New Price Targets

Several research analysts have recently commented on TSLX shares. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price objective on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $22.33.

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.