Sixth Street Specialty Lending, Inc. (NYSE:TSLX) is Melia Wealth LLC's 8th Largest Position

Melia Wealth LLC raised its position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 583,477 shares of the financial services provider's stock after buying an additional 19,034 shares during the period. Sixth Street Specialty Lending comprises approximately 6.5% of Melia Wealth LLC's holdings, making the stock its 8th largest holding. Melia Wealth LLC owned about 0.63% of Sixth Street Specialty Lending worth $12,428,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TSLX. HighTower Advisors LLC lifted its holdings in Sixth Street Specialty Lending by 22.6% during the third quarter. HighTower Advisors LLC now owns 41,509 shares of the financial services provider's stock worth $855,000 after acquiring an additional 7,652 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Sixth Street Specialty Lending by 29.1% during the 3rd quarter. Jane Street Group LLC now owns 49,373 shares of the financial services provider's stock worth $1,014,000 after purchasing an additional 11,117 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Sixth Street Specialty Lending in the third quarter valued at $708,000. Sanctuary Advisors LLC grew its holdings in Sixth Street Specialty Lending by 6.3% during the third quarter. Sanctuary Advisors LLC now owns 24,168 shares of the financial services provider's stock worth $502,000 after purchasing an additional 1,441 shares during the period. Finally, Tidal Investments LLC raised its stake in Sixth Street Specialty Lending by 7.4% in the 3rd quarter. Tidal Investments LLC now owns 50,883 shares of the financial services provider's stock valued at $1,045,000 after acquiring an additional 3,504 shares during the period. Institutional investors own 70.25% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have commented on TSLX shares. Keefe, Bruyette & Woods upped their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Sixth Street Specialty Lending from $22.50 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. LADENBURG THALM/SH SH lowered Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Royal Bank of Canada increased their price objective on shares of Sixth Street Specialty Lending from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, 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 research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.17.

Sixth Street Specialty Lending Price Performance

TSLX stock traded up $0.23 during mid-day trading on Tuesday, reaching $20.17. 629,147 shares of the company traded hands, compared to its average volume of 363,018. The company has a fifty day moving average price of $22.08 and a 200-day moving average price of $21.39. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.90 and a quick ratio of 1.90. Sixth Street Specialty Lending, Inc. has a 52-week low of $18.58 and a 52-week high of $23.67. The company has a market capitalization of $1.89 billion, a P/E ratio of 9.94 and a beta of 0.88.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.61 earnings per share (EPS) 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 company had revenue of $123.70 million during the quarter, compared to analyst estimates of $120.07 million. As a group, analysts anticipate that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current year.

Sixth Street Specialty Lending Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a $0.07 dividend. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 6.99%. Sixth Street Specialty Lending's dividend payout ratio is 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.