Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Stock Position Cut by Baillie Gifford & Co.

Baillie Gifford & Co. lessened its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 56.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 177,666 shares of the financial services provider's stock after selling 232,388 shares during the quarter. Baillie Gifford & Co. owned 0.19% of Sixth Street Specialty Lending worth $3,647,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Sixth Street Specialty Lending in the 1st quarter valued at about $552,000. ProShare Advisors LLC raised its position in Sixth Street Specialty Lending by 15.8% in the 1st quarter. ProShare Advisors LLC now owns 13,088 shares of the financial services provider's stock valued at $280,000 after purchasing an additional 1,784 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc lifted its position in Sixth Street Specialty Lending by 13.6% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 123,799 shares of the financial services provider's stock worth $2,653,000 after acquiring an additional 14,791 shares during the period. Burgundy Asset Management Ltd. grew its position in Sixth Street Specialty Lending by 0.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 2,076,819 shares of the financial services provider's stock valued at $44,506,000 after buying an additional 18,859 shares during the last quarter. Finally, MQS Management LLC purchased a new position in Sixth Street Specialty Lending during the first quarter worth about $569,000. 70.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday. Keefe, Bruyette & Woods lowered their target price 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. Finally, LADENBURG THALM/SH SH upgraded Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 target price for the company in a research note on Wednesday, November 6th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $22.00.

Sixth Street Specialty Lending Trading Down 0.9 %

NYSE TSLX traded down $0.18 during mid-day trading on Thursday, hitting $20.22. The company's stock had a trading volume of 136,559 shares, compared to its average volume of 350,819. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.50 and a 52-week high of $22.35. The firm has a market capitalization of $1.89 billion, a P/E ratio of 9.87 and a beta of 1.06. 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 stock's fifty day simple moving average is $20.59 and its two-hundred day simple moving average is $21.04.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, hitting analysts' consensus estimates of $0.57. Sixth Street Specialty Lending had a net margin of 39.05% and a return on equity of 13.55%. The business had revenue of $119.22 million for the quarter, compared to analysts' expectations of $119.85 million. During the same period in the previous year, the company posted $0.60 earnings per share. Research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.32 EPS for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.05 per share. This represents a yield of 9.1%. The ex-dividend date of this dividend is Friday, November 29th. Sixth Street Specialty Lending's payout ratio is currently 89.32%.

About Sixth Street Specialty Lending

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.