Sixth Street Specialty Lending, Inc. (NYSE:TSLX) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC increased its holdings in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 394,394 shares of the financial services provider's stock after purchasing an additional 38,240 shares during the quarter. MGO One Seven LLC owned 0.42% of Sixth Street Specialty Lending worth $8,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSLX. Trust Co. of Vermont acquired a new position in Sixth Street Specialty Lending during the 4th quarter worth about $39,000. First Horizon Advisors Inc. lifted its position in shares of 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 purchasing an additional 465 shares in the last quarter. Signaturefd LLC lifted its position in shares of 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 worth $100,000 after purchasing an additional 550 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Sixth Street Specialty Lending in the fourth quarter valued at approximately $109,000. Finally, EMC Capital Management grew its holdings 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 valued at $144,000 after purchasing an additional 3,242 shares in the last quarter. 70.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on TSLX. 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 report on Tuesday, February 18th. Keefe, Bruyette & Woods increased their price objective 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. Royal Bank of Canada boosted their target price on Sixth Street Specialty Lending from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Truist Financial upped their price target on Sixth Street Specialty Lending from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, LADENBURG THALM/SH SH cut Sixth Street Specialty Lending from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $23.17.

Sixth Street Specialty Lending Price Performance

TSLX stock opened at $20.35 on Wednesday. The business has a 50 day moving average price of $21.85 and a 200 day moving average price of $21.37. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.18. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 10.02 and a beta of 0.88. Sixth Street Specialty Lending, Inc. has a fifty-two week low of $18.58 and a fifty-two week high of $23.67.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.61 earnings per share 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 business had revenue of $123.70 million during the quarter, compared to the consensus estimate of $120.07 million. Equities research analysts anticipate 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 company also recently announced a dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were issued a $0.07 dividend. This is an increase from Sixth Street Specialty Lending's previous dividend of $0.05. This represents a dividend yield of 6.99%. The ex-dividend date of this dividend was Friday, February 28th. Sixth Street Specialty Lending's payout ratio is presently 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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