Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Holdings Lowered by Callodine Capital Management LP

Callodine Capital Management LP trimmed its stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,075,000 shares of the financial services provider's stock after selling 25,000 shares during the period. Sixth Street Specialty Lending comprises 4.7% of Callodine Capital Management LP's holdings, making the stock its 6th largest position. Callodine Capital Management LP owned approximately 1.15% of Sixth Street Specialty Lending worth $22,898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TSLX. Trust Co. of Vermont acquired a new stake in shares of Sixth Street Specialty Lending during the 4th quarter worth approximately $39,000. First Horizon Advisors Inc. boosted its holdings in Sixth Street Specialty Lending by 25.3% during the fourth quarter. First Horizon Advisors Inc. now owns 2,302 shares of the financial services provider's stock worth $49,000 after buying an additional 465 shares in the last quarter. Signaturefd LLC grew its position in Sixth Street Specialty Lending by 13.3% during the fourth quarter. Signaturefd LLC now owns 4,673 shares of the financial services provider's stock valued at $100,000 after buying an additional 550 shares during the period. Atlas Capital Advisors Inc. purchased a new position in Sixth Street Specialty Lending in the fourth quarter valued at $109,000. Finally, EMC Capital Management raised its position 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 worth $144,000 after acquiring an additional 3,242 shares during the period. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. 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 research report on Wednesday, February 26th. Keefe, Bruyette & Woods raised 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. boosted their price objective on Sixth Street Specialty Lending from $22.50 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Wells Fargo & Company increased their target price 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. Finally, 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.17.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE:TSLX opened at $20.43 on Friday. 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 1 year low of $18.58 and a 1 year high of $23.67. The firm has a market capitalization of $1.92 billion, a PE ratio of 10.07 and a beta of 0.88. The business's 50 day moving average price is $21.97 and its 200-day moving average price is $21.37.

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 for the quarter, compared to analysts' expectations of $120.07 million. As a group, equities research analysts expect that Sixth Street Specialty Lending, Inc. will post 2.19 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were paid a dividend of $0.07 per share. This represents a yield of 6.99%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Sixth Street Specialty Lending's previous dividend of $0.05. Sixth Street Specialty Lending's dividend 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.

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