Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Sold by LSV Asset Management

LSV Asset Management cut its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,132,662 shares of the financial services provider's stock after selling 130,100 shares during the period. LSV Asset Management owned about 1.21% of Sixth Street Specialty Lending worth $24,126,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Trust Co. of Vermont bought a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at about $39,000. First Horizon Advisors Inc. raised its holdings in shares of Sixth Street Specialty Lending by 25.3% in the 4th quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 465 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Sixth Street Specialty Lending by 13.3% in the 4th 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 in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $109,000. Finally, EMC Capital Management boosted its stake in shares of Sixth Street Specialty Lending by 92.5% during the fourth quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 3,242 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSLX. Wells Fargo & Company upped their target price on 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 raised their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Royal Bank of Canada boosted 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 report on Wednesday, February 26th. JPMorgan Chase & Co. raised 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. Finally, Truist Financial boosted their price objective on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sixth Street Specialty Lending currently has an average rating of "Moderate Buy" and a consensus price target of $23.17.

Sixth Street Specialty Lending Stock Up 1.2 %

Shares of TSLX stock traded up $0.23 during trading hours on Tuesday, reaching $20.17. 629,147 shares of the company's stock were exchanged, compared to its average volume of 363,018. The stock's fifty day moving average price is $22.08 and its two-hundred day moving average price is $21.39. The stock has a market cap of $1.89 billion, a PE ratio of 9.94 and a beta of 0.88. 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 1 year low of $18.58 and a 1 year high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. Research analysts predict that Sixth Street Specialty Lending, Inc. will post 2.19 EPS for the current year.

Sixth Street Specialty Lending Increases Dividend

The company 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. The ex-dividend date was Friday, February 28th. This represents a yield of 6.99%. This is a boost from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's 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.