JPMorgan Chase & Co. Has $23.93 Million Stock Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

JPMorgan Chase & Co. lowered its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,123,523 shares of the financial services provider's stock after selling 51,865 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.20% of Sixth Street Specialty Lending worth $23,931,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter valued at about $39,000. First Horizon Advisors Inc. increased its position in Sixth Street Specialty Lending by 25.3% during the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock worth $49,000 after buying an additional 465 shares during the last quarter. Signaturefd LLC raised its stake in Sixth Street Specialty Lending by 13.3% in the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after buying an additional 550 shares during the period. EMC Capital Management lifted its position in shares of Sixth Street Specialty Lending by 92.5% in the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock valued at $144,000 after buying an additional 3,242 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at approximately $207,000. Institutional investors own 70.25% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Truist Financial increased their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods upped their price objective 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. Royal Bank of Canada raised their target price on shares of 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. Wells Fargo & Company lifted 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 report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased 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 report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.17.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX traded up $0.29 during midday trading on Tuesday, reaching $20.23. 175,123 shares of the stock were exchanged, compared to its average volume of 457,151. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. The stock's 50 day simple moving average is $22.08 and its 200 day simple moving average is $21.39. Sixth Street Specialty Lending, Inc. has a twelve month low of $18.58 and a twelve month high of $23.67. The company has a market cap of $1.89 billion, a P/E ratio of 9.96 and a beta of 0.88.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. The business had revenue of $123.70 million during the quarter, compared to analysts' expectations of $120.07 million. On average, sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

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

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.