Benjamin Edwards Inc. Has $3.98 Million Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Benjamin Edwards Inc. raised its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 498.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,677 shares of the financial services provider's stock after purchasing an additional 161,295 shares during the quarter. Benjamin Edwards Inc. owned about 0.21% of Sixth Street Specialty Lending worth $3,976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV boosted its stake in Sixth Street Specialty Lending by 1.7% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 36,903 shares of the financial services provider's stock worth $788,000 after purchasing an additional 627 shares during the period. Worth Asset Management LLC raised its holdings in Sixth Street Specialty Lending by 7.9% in the 2nd quarter. Worth Asset Management LLC now owns 14,156 shares of the financial services provider's stock worth $302,000 after acquiring an additional 1,037 shares during the period. IFG Advisory LLC raised its holdings in Sixth Street Specialty Lending by 6.3% in the 2nd quarter. IFG Advisory LLC now owns 17,512 shares of the financial services provider's stock worth $374,000 after acquiring an additional 1,039 shares during the period. Barnett & Company Inc. raised its holdings in Sixth Street Specialty Lending by 4.7% in the 3rd quarter. Barnett & Company Inc. now owns 29,050 shares of the financial services provider's stock worth $596,000 after acquiring an additional 1,300 shares during the period. Finally, Comerica Bank grew its position in Sixth Street Specialty Lending by 9.1% in the 1st quarter. Comerica Bank now owns 18,142 shares of the financial services provider's stock worth $389,000 after purchasing an additional 1,510 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Sixth Street Specialty Lending Price Performance

TSLX stock traded up $0.11 during trading on Wednesday, hitting $21.52. 219,112 shares of the stock traded hands, compared to its average volume of 347,951. Sixth Street Specialty Lending, Inc. has a one year low of $19.50 and a one year high of $22.35. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 10.45 and a beta of 1.06. The company has a 50 day simple moving average of $20.60 and a 200 day simple moving average of $20.99. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.17.

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

Sixth Street Specialty Lending Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, December 2nd will be paid a $0.05 dividend. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend is Friday, November 29th. Sixth Street Specialty Lending's dividend payout ratio is presently 89.32%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TSLX shares. Wells Fargo & Company decreased their price target on shares of Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 29th. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 price target on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods decreased their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. Finally, LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 target price on the stock in a research report on Wednesday, November 6th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Sixth Street Specialty Lending currently has an average rating of "Buy" and an average price target of $22.00.

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.