Canton Hathaway LLC Takes $329,000 Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Canton Hathaway LLC purchased a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,450 shares of the financial services provider's stock, valued at approximately $329,000.

A number of other hedge funds have also recently modified their holdings of TSLX. Trust Co. of Vermont bought a new stake in Sixth Street Specialty Lending during the 4th quarter worth approximately $39,000. First Horizon Advisors Inc. grew its holdings in Sixth Street Specialty Lending by 25.3% during the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock valued at $49,000 after buying an additional 465 shares in the last quarter. Quarry LP boosted its position in shares of 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 acquiring an additional 3,238 shares during the last quarter. EMC Capital Management grew its stake in Sixth Street Specialty Lending by 92.5% during the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock valued at $144,000 after acquiring an additional 3,242 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC bought a new stake in Sixth Street Specialty Lending in the 4th quarter valued at $207,000. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Up 1.5 %

Shares of Sixth Street Specialty Lending stock traded up $0.34 on Friday, reaching $23.53. The company had a trading volume of 373,370 shares, compared to its average volume of 377,674. The firm's 50-day moving average price is $21.96 and its two-hundred day moving average price is $21.18. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.50 and a 1 year high of $23.66. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 11.59 and a beta of 1.06. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90.

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Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The business had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. As a group, research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on TSLX shares. Keefe, Bruyette & Woods increased their price objective on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a 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. Royal Bank of Canada upped their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. raised their target price 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, February 18th. Finally, Wells Fargo & Company boosted their price target on shares of 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Sixth Street Specialty Lending presently has an average rating of "Moderate Buy" and an average target price of $23.07.

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.