JPMorgan Chase & Co. Has $24.13 Million Holdings in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

JPMorgan Chase & Co. raised its position in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 16.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,175,388 shares of the financial services provider's stock after purchasing an additional 162,810 shares during the quarter. JPMorgan Chase & Co. owned 1.26% of Sixth Street Specialty Lending worth $24,131,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quarry LP grew its position in Sixth Street Specialty Lending by 378.3% during the third quarter. Quarry LP now owns 4,094 shares of the financial services provider's stock valued at $84,000 after purchasing an additional 3,238 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Sixth Street Specialty Lending in the third quarter worth $86,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Sixth Street Specialty Lending in the third quarter worth $196,000. ProShare Advisors LLC raised its holdings in shares of Sixth Street Specialty Lending by 14.5% during the second quarter. ProShare Advisors LLC now owns 14,986 shares of the financial services provider's stock worth $320,000 after acquiring an additional 1,898 shares in the last quarter. Finally, Marble Harbor Investment Counsel LLC acquired a new stake in Sixth Street Specialty Lending during the second quarter valued at $329,000. Hedge funds and other institutional investors own 70.25% of the company's stock.

Sixth Street Specialty Lending Stock Performance

Shares of NYSE TSLX traded down $0.03 during trading hours on Thursday, hitting $21.05. 283,890 shares of the company's stock were exchanged, compared to its average volume of 305,758. The company's 50-day moving average price is $20.90 and its 200-day moving average price is $20.92. Sixth Street Specialty Lending, Inc. has a 1-year low of $19.50 and a 1-year high of $22.35. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 10.22 and a beta of 1.05. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.50 and a quick ratio of 2.50.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, hitting analysts' consensus estimates of $0.57. The company had revenue of $119.22 million during the quarter, compared to analyst estimates of $119.85 million. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. During the same period in the previous year, the company earned $0.60 earnings per share. On average, sell-side analysts expect that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current fiscal year.

Sixth Street Specialty Lending Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 7.59%. Sixth Street Specialty Lending's payout ratio is 89.32%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TSLX. Wells Fargo & Company reduced their price target on Sixth Street Specialty Lending from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Keefe, Bruyette & Woods decreased their target price on shares of Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a research report on Thursday, November 7th. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 price target on the stock in a report on Wednesday, November 6th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $23.00 target price on shares of Sixth Street Specialty Lending in a report on Tuesday, November 12th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Sixth Street Specialty Lending has an average rating of "Buy" and a consensus target price of $22.00.

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.