19,399 Shares in Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC purchased a new position in 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 fund purchased 19,399 shares of the financial services provider's stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. EMC Capital Management lifted its position 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 purchasing an additional 3,242 shares during the last quarter. RMR Capital Management LLC raised its position in shares of Sixth Street Specialty Lending by 55.7% during the 4th quarter. RMR Capital Management LLC now owns 244,172 shares of the financial services provider's stock valued at $5,201,000 after buying an additional 87,394 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Sixth Street Specialty Lending in the 4th quarter valued at about $392,000. Grimes & Company Inc. lifted its holdings in shares of Sixth Street Specialty Lending by 27.1% in the 4th quarter. Grimes & Company Inc. now owns 23,394 shares of the financial services provider's stock valued at $498,000 after acquiring an additional 4,994 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position 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 acquiring an additional 122,312 shares in the last quarter. Institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Trading Down 0.0 %

Shares of NYSE TSLX traded down $0.01 during mid-day trading on Friday, reaching $22.14. The company had a trading volume of 426,116 shares, compared to its average volume of 278,727. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 10.75 and a beta of 1.06. 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, Inc. has a 52 week low of $19.50 and a 52 week high of $22.47. The business's 50-day moving average is $21.47 and its 200-day moving average is $20.97.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $0.57 earnings per share for the quarter, meeting analysts' consensus estimates of $0.57. The business had revenue of $119.22 million during the quarter, compared to analyst estimates of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same period in the previous year, the company posted $0.60 EPS. Equities analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were paid a $0.05 dividend. This represents a yield of 7.59%. The ex-dividend date was Friday, November 29th. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 89.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TSLX shares. Keefe, Bruyette & Woods lowered their price objective on 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. 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. Wells Fargo & Company lifted their price objective on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. 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 for the company in a report on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $22.33.

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.