Sixth Street Specialty Lending, Inc. (NYSE:TSLX) is Muzinich & Co. Inc.'s 8th Largest Position

Muzinich & Co. Inc. grew its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 7.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 392,418 shares of the financial services provider's stock after purchasing an additional 26,008 shares during the period. Sixth Street Specialty Lending comprises approximately 5.2% of Muzinich & Co. Inc.'s portfolio, making the stock its 8th biggest position. Muzinich & Co. Inc. owned about 0.42% of Sixth Street Specialty Lending worth $8,359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Sixth Street Specialty Lending during the fourth quarter valued at approximately $39,000. First Horizon Advisors Inc. boosted its holdings in Sixth Street Specialty Lending by 25.3% during the 4th 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 last quarter. Quarry LP grew its stake in shares of Sixth Street Specialty Lending by 378.3% in the 3rd quarter. Quarry LP now owns 4,094 shares of the financial services provider's stock worth $84,000 after acquiring an additional 3,238 shares in the last quarter. EMC Capital Management raised its holdings in shares of Sixth Street Specialty Lending by 92.5% in 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 during the last quarter. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in shares of Sixth Street Specialty Lending in the fourth quarter valued at about $207,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. LADENBURG THALM/SH SH downgraded shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Wells Fargo & Company increased their price target on 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. Royal Bank of Canada boosted their price objective on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods lifted their target price on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.07.

Sixth Street Specialty Lending Stock Performance

Shares of TSLX traded down $0.14 during mid-day trading on Monday, hitting $23.37. The stock had a trading volume of 661,349 shares, compared to its average volume of 384,766. 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 $2.19 billion, a P/E ratio of 11.51 and a beta of 1.06. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $23.67. The business has a fifty day moving average price of $22.01 and a 200-day moving average price of $21.21.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $123.70 million for the quarter, compared to the consensus estimate of $120.07 million. Sixth Street Specialty Lending had a net margin of 38.67% and a return on equity of 13.47%. On average, equities research analysts expect 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 disclosed a dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a $0.07 dividend. This represents a yield of 6.99%. This is a positive change from Sixth Street Specialty Lending's previous dividend of $0.05. The ex-dividend date of this dividend is Friday, February 28th. Sixth Street Specialty Lending's payout ratio 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.