Country Club Bank Makes New Investment in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Country Club Bank acquired a new stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,851 shares of the financial services provider's stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLX. Columbus Macro LLC purchased a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at approximately $7,669,000. Millennium Management LLC raised its position in Sixth Street Specialty Lending by 482.6% in the second quarter. Millennium Management LLC now owns 287,311 shares of the financial services provider's stock valued at $6,134,000 after purchasing an additional 237,995 shares during the period. Progeny 3 Inc. lifted its stake in Sixth Street Specialty Lending by 10.6% during the third quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider's stock worth $46,249,000 after purchasing an additional 215,996 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sixth Street Specialty Lending by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock worth $24,131,000 after buying an additional 162,810 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in shares of Sixth Street Specialty Lending by 498.1% in the third quarter. Benjamin Edwards Inc. now owns 193,677 shares of the financial services provider's stock valued at $3,976,000 after buying an additional 161,295 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TSLX. LADENBURG THALM/SH SH raised 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 note on Wednesday, November 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company upped their target price 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, Keefe, Bruyette & Woods decreased their price target on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $22.33.

Sixth Street Specialty Lending Stock Down 0.0 %

Sixth Street Specialty Lending stock traded down $0.01 during trading on Friday, reaching $22.14. The stock had a trading volume of 426,116 shares, compared to its average volume of 250,707. The company has a quick ratio of 2.50, a current 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 stock has a market cap of $2.07 billion, a PE ratio of 10.75 and a beta of 1.06. The business has a 50 day moving average price of $21.48 and a 200 day moving average price of $20.97.

Sixth Street Specialty Lending Cuts Dividend

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

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.