Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Short Interest Update

Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Get Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,710,000 shares, an increase of 27.6% from the February 28th total of 1,340,000 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily volume of 387,800 shares, the days-to-cover ratio is presently 4.4 days.

Institutional Trading of Sixth Street Specialty Lending

Hedge funds and other institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Sixth Street Specialty Lending in the 4th quarter worth approximately $4,156,000. Ameriflex Group Inc. bought a new stake in Sixth Street Specialty Lending in the fourth quarter worth $27,000. Burgundy Asset Management Ltd. boosted its position in Sixth Street Specialty Lending by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,192,486 shares of the financial services provider's stock valued at $46,700,000 after buying an additional 37,442 shares during the period. Principal Street Partners LLC purchased a new stake in Sixth Street Specialty Lending during the fourth quarter valued at about $306,000. Finally, Tidal Investments LLC grew its stake in shares of Sixth Street Specialty Lending by 2.3% during the fourth quarter. Tidal Investments LLC now owns 52,051 shares of the financial services provider's stock valued at $1,109,000 after buying an additional 1,168 shares during the last quarter. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Price Performance

Sixth Street Specialty Lending stock traded down $1.52 during mid-day trading on Friday, hitting $20.34. 1,373,776 shares of the company traded hands, compared to its average volume of 346,429. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.90 and a current ratio of 1.90. Sixth Street Specialty Lending has a one year low of $19.50 and a one year high of $23.67. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 10.02 and a beta of 0.88. The stock has a fifty day moving average price of $22.47 and a 200-day moving average price of $21.43.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last released its earnings results 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. Sixth Street Specialty Lending had a return on equity of 13.47% and a net margin of 38.67%. The business had revenue of $123.70 million for the quarter, compared to analysts' expectations of $120.07 million. On average, equities analysts predict that Sixth Street Specialty Lending will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given 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 payout ratio is presently 90.64%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSLX. Wells Fargo & Company lifted their target price on Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Royal Bank of Canada upped 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. Truist Financial increased their target price 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. LADENBURG THALM/SH SH lowered shares of Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods increased their price objective on Sixth Street Specialty Lending from $21.50 to $23.00 and gave the stock an "outperform" rating in a research report 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.17.

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.