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

Baillie Gifford & Co. increased its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 72.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,429 shares of the financial services provider's stock after buying an additional 128,763 shares during the quarter. Baillie Gifford & Co. owned about 0.33% of Sixth Street Specialty Lending worth $6,527,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its stake in shares of Sixth Street Specialty Lending by 4.5% in the fourth quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider's stock worth $50,972,000 after purchasing an additional 103,634 shares in the last quarter. Sound Income Strategies LLC lifted 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 purchasing an additional 122,312 shares during the period. Progeny 3 Inc. grew its position in Sixth Street Specialty Lending by 10.6% in the 3rd quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider's stock valued at $46,249,000 after buying an additional 215,996 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Sixth Street Specialty Lending by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock valued at $24,131,000 after buying an additional 162,810 shares during the period. Finally, Two Sigma Advisers LP increased its stake in Sixth Street Specialty Lending by 1.1% during the 3rd quarter. Two Sigma Advisers LP now owns 867,286 shares of the financial services provider's stock valued at $17,805,000 after buying an additional 9,700 shares during the period. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a report on Tuesday. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Truist Financial lifted their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday. Wells Fargo & Company upped their price objective 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. Finally, Keefe, Bruyette & Woods raised their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Sixth Street Specialty Lending has an average rating of "Moderate Buy" and a consensus target price of $22.79.

Sixth Street Specialty Lending Price Performance

Sixth Street Specialty Lending stock traded up $0.43 during mid-day trading on Friday, hitting $23.50. The company's stock had a trading volume of 2,303,057 shares, compared to its average volume of 365,703. Sixth Street Specialty Lending, Inc. has a twelve month low of $19.50 and a twelve month high of $23.66. The stock's fifty day moving average price is $21.70 and its two-hundred day moving average price is $21.08. The stock has a market capitalization of $2.20 billion, a P/E ratio of 11.57 and a beta of 1.06. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) 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 business had revenue of $123.70 million for the quarter, compared to analysts' expectations of $120.07 million. Research analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.07 per share. This represents a yield of 7.06%. The ex-dividend date is Friday, February 28th. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's payout ratio is presently 90.64%.

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.