Hennion & Walsh Asset Management Inc. Sells 17,743 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Hennion & Walsh Asset Management Inc. lessened its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 11.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 137,245 shares of the financial services provider's stock after selling 17,743 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.15% of Sixth Street Specialty Lending worth $2,923,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP boosted its stake in shares of Sixth Street Specialty Lending by 378.3% in 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 period. Future Financial Wealth Managment LLC bought a new position in shares of Sixth Street Specialty Lending in the third quarter worth about $86,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Sixth Street Specialty Lending in the third quarter worth about $196,000. ProShare Advisors LLC boosted its stake in shares of Sixth Street Specialty Lending by 14.5% in the second quarter. ProShare Advisors LLC now owns 14,986 shares of the financial services provider's stock worth $320,000 after acquiring an additional 1,898 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Sixth Street Specialty Lending by 10.6% during the second quarter. Bank of New York Mellon Corp now owns 17,376 shares of the financial services provider's stock valued at $371,000 after buying an additional 1,660 shares during the last quarter. Institutional investors own 70.25% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on TSLX shares. Wells Fargo & Company dropped their price target on Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. LADENBURG THALM/SH SH raised Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price target for the company in a research note on Wednesday, November 6th. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price target on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods dropped their price target 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Sixth Street Specialty Lending currently has an average rating of "Buy" and a consensus target price of $22.00.

Sixth Street Specialty Lending Trading Up 0.0 %

TSLX stock traded up $0.00 during midday trading on Friday, reaching $21.65. 203,041 shares of the company traded hands, compared to its average volume of 275,813. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.50 and a 52-week high of $22.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.50 and a current ratio of 2.50. The business has a 50 day moving average of $21.03 and a 200-day moving average of $20.92. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 10.51 and a beta of 1.05.

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

Sixth Street Specialty Lending Cuts Dividend

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