Legacy Capital Wealth Partners LLC Sells 77,667 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Legacy Capital Wealth Partners LLC lessened its stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 53.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,031 shares of the financial services provider's stock after selling 77,667 shares during the quarter. Legacy Capital Wealth Partners LLC owned about 0.07% of Sixth Street Specialty Lending worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of TSLX. Van ECK Associates Corp boosted its stake in shares of Sixth Street Specialty Lending by 4.5% in the 4th quarter. Van ECK Associates Corp now owns 2,393,069 shares of the financial services provider's stock valued at $50,972,000 after purchasing an additional 103,634 shares during the last quarter. Essex Financial Services Inc. bought a new stake in shares of Sixth Street Specialty Lending during the 4th quarter valued at $387,000. Wealthstar Advisors LLC acquired a new position in shares of Sixth Street Specialty Lending in the 4th quarter valued at $2,782,000. Wilmington Savings Fund Society FSB bought a new position in shares of Sixth Street Specialty Lending in the 4th quarter worth $662,000. Finally, Platform Technology Partners increased its holdings in Sixth Street Specialty Lending by 3.5% in the fourth quarter. Platform Technology Partners now owns 28,925 shares of the financial services provider's stock valued at $616,000 after purchasing an additional 980 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Truist Financial raised their target price on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an "overweight" rating in a report on Tuesday. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Keefe, Bruyette & Woods raised their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $22.79.

Sixth Street Specialty Lending Stock Up 0.2 %

Shares of TSLX traded up $0.04 during midday trading on Wednesday, hitting $23.09. The stock had a trading volume of 319,857 shares, compared to its average volume of 307,046. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 11.37 and a beta of 1.06. The company has a 50 day simple moving average of $21.67 and a two-hundred day simple moving average of $21.07. Sixth Street Specialty Lending, Inc. has a twelve month low of $19.50 and a twelve month high of $23.15.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The firm had revenue of $123.70 million for the quarter, compared to analysts' expectations of $120.07 million. On average, analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.22 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.07 per share. This is a positive change from Sixth Street Specialty Lending's previous quarterly dividend of $0.05. This represents a $0.28 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, March 14th. Sixth Street Specialty Lending's dividend payout ratio is 90.64%.

Sixth Street Specialty Lending Company 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.