Plan Group Financial LLC Takes $417,000 Position in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Plan Group Financial LLC bought a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,561 shares of the financial services provider's stock, valued at approximately $417,000.

Other hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont acquired a new position in shares of Sixth Street Specialty Lending during the fourth quarter worth about $39,000. Quarry LP lifted its position in Sixth Street Specialty Lending by 378.3% during 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 lifted its position in Sixth Street Specialty Lending by 92.5% during the 4th quarter. EMC Capital Management now owns 6,747 shares of the financial services provider's stock worth $144,000 after acquiring an additional 3,242 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Sixth Street Specialty Lending in the 3rd quarter worth approximately $196,000. Finally, Robertson Stephens Wealth Management LLC acquired a new stake in Sixth Street Specialty Lending in the fourth quarter valued at approximately $207,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Up 1.8 %

NYSE:TSLX traded up $0.43 during mid-day trading on Friday, reaching $23.50. The stock had a trading volume of 2,303,057 shares, compared to its average volume of 365,703. The stock's 50 day simple moving average is $21.70 and its two-hundred day simple moving average is $21.08. Sixth Street Specialty Lending, Inc. has a 1-year low of $19.50 and a 1-year high of $23.66. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.57 and a beta of 1.06. 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 (NYSE:TSLX - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The company had revenue of $123.70 million during the quarter, compared to analyst estimates of $120.07 million. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. Equities analysts anticipate 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 announced a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.07 per share. This represents a dividend yield of 7.06%. This is a boost 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 dividend payout ratio is 90.64%.

Analyst Ratings Changes

Several research analysts have recently weighed in on TSLX shares. Royal Bank of Canada restated an "outperform" rating and issued a $23.00 target price on shares of Sixth Street Specialty Lending in a research note on Tuesday, November 12th. Wells Fargo & Company upped their price objective 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. 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 report on Tuesday. JPMorgan Chase & Co. increased their price target on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Truist Financial raised their price objective on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.79.

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.