Sage Investment Counsel LLC Acquires Shares of 26,233 Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Sage Investment Counsel LLC acquired a new position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,233 shares of the financial services provider's stock, valued at approximately $559,000.

Several other large investors also recently added to or reduced their stakes in TSLX. First Horizon Advisors Inc. boosted its position in shares of 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 valued at $49,000 after acquiring an additional 465 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in Sixth Street Specialty Lending by 1.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 46,184 shares of the financial services provider's stock worth $984,000 after purchasing an additional 621 shares during the period. Bank of New York Mellon Corp boosted its holdings in Sixth Street Specialty Lending by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 12,811 shares of the financial services provider's stock valued at $273,000 after purchasing an additional 909 shares during the last quarter. Platform Technology Partners grew its stake in shares of Sixth Street Specialty Lending by 3.5% in the 4th quarter. Platform Technology Partners now owns 28,925 shares of the financial services provider's stock valued at $616,000 after buying an additional 980 shares during the period. Finally, Confluence Investment Management LLC increased its holdings in shares of Sixth Street Specialty Lending by 0.5% during the 4th quarter. Confluence Investment Management LLC now owns 251,182 shares of the financial services provider's stock worth $5,350,000 after buying an additional 1,273 shares during the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

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Sixth Street Specialty Lending Stock Down 0.5 %

NYSE:TSLX traded down $0.11 during trading hours on Wednesday, hitting $22.68. The company's stock had a trading volume of 528,770 shares, compared to its average volume of 391,937. Sixth Street Specialty Lending, Inc. has a 52-week low of $19.50 and a 52-week high of $23.67. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $2.12 billion, a P/E ratio of 11.17 and a beta of 1.06. The stock has a fifty day moving average of $22.12 and a 200-day moving average of $21.26.

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 analysts' consensus estimates 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 return on equity of 13.47% and a net margin of 38.67%. On average, equities 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 disclosed 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. The ex-dividend date is 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 dividend payout ratio (DPR) is presently 90.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods upped their price target on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. JPMorgan Chase & Co. increased their target price 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. Truist Financial boosted their price target on shares of Sixth Street Specialty Lending from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.07.

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.