Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 9.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 464,576 shares of the financial services provider's stock after selling 50,073 shares during the period. Cerity Partners LLC owned approximately 0.50% of Sixth Street Specialty Lending worth $9,895,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TSLX. JPMorgan Chase & Co. boosted its stake in shares of 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 worth $24,131,000 after purchasing an additional 162,810 shares during the period. Gilman Hill Asset Management LLC purchased a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $1,974,000. Round Rock Advisors LLC bought a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $1,789,000. Raymond James Financial Inc. purchased a new stake in shares of Sixth Street Specialty Lending in the fourth quarter worth approximately $17,488,000. Finally, Baillie Gifford & Co. lifted its stake in shares of Sixth Street Specialty Lending by 72.5% during the 4th quarter. Baillie Gifford & Co. now owns 306,429 shares of the financial services provider's stock worth $6,527,000 after acquiring an additional 128,763 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

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Sixth Street Specialty Lending Stock Up 1.3 %

Sixth Street Specialty Lending stock traded up $0.26 during midday trading on Tuesday, reaching $20.20. The company's stock had a trading volume of 359,946 shares, compared to its average volume of 361,907. The stock's 50-day simple moving average is $22.08 and its 200-day simple moving average is $21.39. The stock has a market capitalization of $1.89 billion, a P/E ratio of 9.95 and a beta of 0.88. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted its quarterly 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. The business had revenue of $123.70 million during the quarter, compared to analysts' expectations of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. On average, sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

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

Analysts Set New Price Targets

TSLX has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Truist Financial upped their target price on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price target on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Royal Bank of Canada increased their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Finally, LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.17.

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.