Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 573,859 shares of the financial services provider's stock after purchasing an additional 38,169 shares during the period. LPL Financial LLC owned 0.61% of Sixth Street Specialty Lending worth $12,223,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Sixth Street Specialty Lending in the 4th quarter valued at $17,488,000. Columbus Macro LLC acquired a new position in shares of Sixth Street Specialty Lending during the fourth quarter worth about $7,669,000. JPMorgan Chase & Co. raised its holdings in Sixth Street Specialty Lending by 16.1% during the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock worth $24,131,000 after purchasing an additional 162,810 shares in the last quarter. Benjamin Edwards Inc. lifted its position in Sixth Street Specialty Lending by 498.1% in the third quarter. Benjamin Edwards Inc. now owns 193,677 shares of the financial services provider's stock valued at $3,976,000 after purchasing an additional 161,295 shares during the period. Finally, Wealthstar Advisors LLC purchased a new stake in Sixth Street Specialty Lending in the 4th quarter valued at approximately $2,782,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Royal Bank of Canada raised their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Wells Fargo & Company boosted their price objective 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. Keefe, Bruyette & Woods upped their target price on shares of Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Truist Financial lifted their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Sixth Street Specialty Lending has a consensus rating of "Moderate Buy" and a consensus price target of $23.17.

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Sixth Street Specialty Lending Price Performance

TSLX stock traded down $0.76 on Monday, reaching $19.58. The company had a trading volume of 1,390,492 shares, compared to its average volume of 350,591. Sixth Street Specialty Lending, Inc. has a 1 year low of $17.92 and a 1 year high of $23.67. The company has a market cap of $1.83 billion, a P/E ratio of 9.65 and a beta of 0.88. The company's fifty day moving average is $22.42 and its 200 day moving average is $21.43. 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 posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $120.07 million. On average, research analysts forecast 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 announced a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Sixth Street Specialty Lending's previous dividend of $0.05. This represents a dividend yield of 6.99%. Sixth Street Specialty Lending's dividend payout ratio (DPR) is currently 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.