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

Global Retirement Partners LLC decreased its holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 67.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,284 shares of the financial services provider's stock after selling 29,009 shares during the quarter. Global Retirement Partners LLC's holdings in Sixth Street Specialty Lending were worth $304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its stake in shares of Sixth Street Specialty Lending by 26.8% during the third quarter. Private Advisor Group LLC now owns 25,503 shares of the financial services provider's stock worth $524,000 after acquiring an additional 5,398 shares during the last quarter. Financial Advocates Investment Management raised its holdings in shares of Sixth Street Specialty Lending by 6.6% in the third quarter. Financial Advocates Investment Management now owns 151,985 shares of the financial services provider's stock worth $3,120,000 after buying an additional 9,350 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Sixth Street Specialty Lending by 6.6% during the third quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider's stock worth $47,117,000 after buying an additional 141,463 shares during the period. Confluence Investment Management LLC grew its holdings in shares of Sixth Street Specialty Lending by 1.3% during the third quarter. Confluence Investment Management LLC now owns 249,909 shares of the financial services provider's stock valued at $5,131,000 after buying an additional 3,250 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC grew its holdings in shares of Sixth Street Specialty Lending by 98.6% during the third quarter. Legacy Capital Wealth Partners LLC now owns 144,698 shares of the financial services provider's stock valued at $2,971,000 after buying an additional 71,849 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research analysts have recently weighed in on TSLX shares. JPMorgan Chase & Co. increased their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Truist Financial raised 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 report on Tuesday, February 18th. Keefe, Bruyette & Woods upped their price target 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. Finally, Wells Fargo & Company upped their target price on 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $23.07.

Sixth Street Specialty Lending Price Performance

Shares of TSLX stock traded up $0.41 on Friday, reaching $23.53. 373,370 shares of the company were exchanged, compared to its average volume of 377,666. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 11.59 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 1 year low of $19.50 and a 1 year high of $23.66. The business has a 50-day moving average price of $21.96 and a 200 day moving average price of $21.18. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90.

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 EPS for the quarter, beating 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 return on equity of 13.47% and a net margin of 38.67%. Equities research analysts forecast 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 company also recently disclosed a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 6.99%. This is a positive change from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's dividend payout ratio (DPR) is presently 90.64%.

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.