Legal & General Group Plc Sells 54,690 Shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Legal & General Group Plc trimmed its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 615,773 shares of the financial services provider's stock after selling 54,690 shares during the period. Legal & General Group Plc owned about 0.66% of Sixth Street Specialty Lending worth $13,125,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in Sixth Street Specialty Lending by 25.3% in the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock worth $49,000 after acquiring an additional 465 shares during the period. Signaturefd LLC grew its holdings in Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 550 shares during the period. Cornerstone Wealth Management LLC increased its position in Sixth Street Specialty Lending by 1.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider's stock worth $984,000 after buying an additional 621 shares during the last quarter. Dearborn Partners LLC raised its stake in shares of Sixth Street Specialty Lending by 1.3% in the fourth quarter. Dearborn Partners LLC now owns 58,768 shares of the financial services provider's stock valued at $1,252,000 after buying an additional 763 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Sixth Street Specialty Lending by 7.6% during the 4th quarter. Bank of New York Mellon Corp now owns 12,811 shares of the financial services provider's stock valued at $273,000 after buying an additional 909 shares during the last quarter. Institutional investors own 70.25% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TSLX. Wells Fargo & Company boosted their price target on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods raised their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Truist Financial raised their price objective on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada raised their price target on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Sixth Street Specialty Lending currently has a consensus rating of "Moderate Buy" and an average price target of $23.17.

Sixth Street Specialty Lending Trading Up 1.6 %

Shares of NYSE:TSLX traded up $0.31 during trading on Friday, reaching $20.43. 566,526 shares of the company traded hands, compared to its average volume of 361,266. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $23.67. The business's fifty day moving average is $21.93 and its 200-day moving average is $21.37. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 10.07 and a beta of 0.88.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.04. The business had revenue of $123.70 million for the quarter, compared to analyst estimates of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. As a group, analysts forecast that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

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